Welltower Inc. ·WELL

Two Co-Presidents and a Vice Chairman report to CEO

Financials · Fortune #472 · Hybrid structure · 685 employees · Toledo, Ohio

View as of:
5
CEO span
↓ tighter than peers (avg 6)
5
Avg span
wide
2
Max depth
2 levels
4.2 yr
Avg tenure
stable vs FY2024
40%
Internal hires
↓ below industry avg
Consolidated financials FY2025 · period end 2025-12-31 · 10-K
Revenue
$8.5B
Net income
$218M
Total assets
$67.3B
Shares out
698M

Sourced from Welltower Inc. DEF 14A · filed 2026-04-10 ↗ View on SEC

Interactive org chart

Welltower Inc. organizational chart

Explore the executive structure, reporting layers, and scenario-ready operating model from public filings.

Open editable chart

Two Co-Presidents and a Vice Chairman report directly to the CEO at Welltower. This page maps the executive structure, highlights the senior-heavy top layer, summarizes leadership tenure, and compares Welltower’s model with peer healthcare REITs.

What to model

Use the chart to test org decisions, not just view reporting lines

Start with the public baseline, then use the scenario views and source-backed changes to ask what happens when leadership, span, or team ownership shifts.

Latest signal Jeff Stott joined as Chief Technology Officer

Hired as CTO to support Welltower 3.0 technology platform, announced Oct 2025.

Source · See change log

Scenario views in the chart

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  • Shift CTO under COO Move the CTO to report to the COO to tighten integration between technology and operations.

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The people

Who's running this

6 executives identified as Named Executive Officers in the most recent SEC proxy. Bar length scales with tenure.

Shankh Mitra

Chief Executive Officer

Executive

5 yr

5 reports

internal

Timothy G. McHugh

Co-President and Chief Financial Officer

Finance

6 yr

0 reports

Nikhil Chaudhri

Co-President and Chief Investment Officer

Investments

2 yr

0 reports

internal

John F. Burkart

Vice Chairman and Chief Operating Officer

Operations

7 yr

0 reports

Matthew G. McQueen

Chief Legal Officer and General Counsel

Legal

4 yr

0 reports

Jeff Stott

Chief Technology Officer

Technology

1 yr

0 reports

The pay

Executive compensation

From the most recent DEF 14A Summary Compensation Table. 2 named executive officers disclosed. Bar length scales with total compensation.

Shankh Mitra $821.1M
Base salary
$1.30M
Stock awards
$813.18M
Non-equity incentive
$6.50M
Other
$112K
Fiscal year
FY2025
Source
SEC DEF 14A ↗
Timothy G. McHugh $167.0M
Base salary
$700K
Stock awards
$163.75M
Non-equity incentive
$2.45M
Other
$52K
Fiscal year
FY2025
Source
SEC DEF 14A ↗

The skin in the game

Beneficial ownership

Insider stock holdings and the company's ownership requirements for executives and directors. Disclosed in the most recent DEF 14A.

Stock ownership requirements
5×Director cash retainer

Non-employee directors must hold equity worth 5x annual cash retainer.

The businesses

How Welltower Inc. divides the work

4 divisions report into the group CEO. Tile size scales with estimated headcount.

Finance

120 employees

Co-President & CFO (Timothy G. McHugh)

Oversees financial reporting, capital markets, and balance sheet management.

Investments

150 employees

Co-President & CIO (Nikhil Chaudhri)

Leads acquisitions, dispositions, and capital allocation strategy.

Operations

250 employees

Vice Chairman & COO (John F. Burkart)

Responsible for portfolio operations, asset management, and operator relationships.

Legal & Governance

60 employees

Chief Legal Officer (Matthew G. McQueen)

Manages legal, compliance, governance, and enterprise risk.

The thesis

Why this org is unusual

Two Co-Presidents and a Vice Chairman report directly to the CEO, creating an unusually senior-heavy top layer for a healthcare REIT.

The structure places capital allocation, finance, and investments on equal footing via the dual Co-President model while operations are elevated through a Vice Chairman/COO role. This concentrates authority at level two and minimizes intermediate layers, consistent with Welltower’s internally managed, enterprise-style REIT model.
  • Dual Co-President model
  • Vice Chairman holds COO role
  • No separate Chief Strategy Officer

The comparison

How Welltower Inc. stacks up

Compared with large healthcare REIT peers, Welltower runs a more centralized executive structure. Many peers separate a single President from a CFO and CIO, or insert an EVP layer between the CEO and operators. Welltower’s use of two Co-Presidents reporting directly to the CEO is less common and reflects the firm’s …

C-suite size

Welltower Inc.
6
Ventas
7
Healthpeak Properties
6
Alexandria Real Estate
7
Omega Healthcare Investors
6

Reporting depth

Welltower Inc.
2 levels
Ventas
4 levels
Healthpeak Properties
4 levels
Alexandria Real Estate
5 levels
Omega Healthcare Investors
4 levels

Avg C-suite tenure

Welltower Inc.
4 yr
Ventas
6 yr
Healthpeak Properties
5 yr
Alexandria Real Estate
7 yr
Omega Healthcare Investors
6 yr

Has COO / Has CAIO

Welltower Inc. ✓ COO — no CAIO
Ventas ✓ COO — no CAIO
Healthpeak Properties — no COO — no CAIO
Alexandria Real Estate ✓ COO — no CAIO
Omega Healthcare Investors — no COO — no CAIO

Current signals

What changed recently

Most consequential change was adoption of the 10-Year Executive Continuity and Alignment Program in October 2025.

  • Date not confirmed new
    Jeff Stott Chief Technology Officer

    Hired as CTO to support Welltower 3.0 technology platform, announced Oct 2025.

    Source
  • Date not confirmed reorg
    Executive Team 10-Year Executive Continuity and Alignment Program

    Board adopted 10-Year ECAP restructuring executive compensation effective Oct 30, 2025.

    Source

Leadership Timeline

Year-over-year executive structure based on SEC proxy and annual filings.

FY2025
DEF 14A filed 2026-04-10
CEO
Shankh Mitra
CEO span
4
C-suite
5
Avg tenure
4.2 yr

Executive team anchored by long-tenured capital allocation leaders.

Named executive officers (5)
  • Shankh Mitra - Chief Executive Officer since 2021
  • Timothy G. McHugh - Co-President & CFO since 2020
  • Nikhil Chaudhri - Co-President & CIO since 2023
  • John F. Burkart - Vice Chairman & COO since 2019
  • Matthew G. McQueen - Chief Legal Officer since 2022
FY2024
DEF 14A filed 2025-04-11
CEO
Shankh Mitra
CEO span
4
C-suite
5
Avg tenure
3.8 yr

Introduction of Co-President & CIO role.

Named executive officers (5)
  • Shankh Mitra - Chief Executive Officer since 2021
  • Timothy G. McHugh - Co-President & CFO since 2020
  • John F. Burkart - Vice Chairman & COO since 2019
  • Matthew G. McQueen - Chief Legal Officer since 2022
  • Nikhil Chaudhri - Co-President & CIO since 2023
FY2023
DEF 14A filed 2024-04-12
CEO
Shankh Mitra
CEO span
3
C-suite
4
Avg tenure
3.2 yr

Simpler C-suite prior to adding second Co-President.

Named executive officers (4)
  • Shankh Mitra - Chief Executive Officer since 2021
  • Timothy G. McHugh - Chief Financial Officer since 2020
  • John F. Burkart - Chief Operating Officer since 2019
  • Matthew G. McQueen - Chief Legal Officer since 2022

Year-over-year changes

FY2023 → FY2024

Welltower expanded the C-suite by adding a Co-President & CIO to elevate investment leadership.

  • CEO span: 3 → 4
  • C-suite size: 4 → 5
  • Avg tenure: 3.2 → 3.8 yr
  • new Nikhil Chaudhri - Co-President & CIO (DEF 14A filed 2025-04-11)
FY2024 → FY2025

Leadership roles remained stable while compensation and continuity were restructured.

  • CEO span: 4 → 4
  • C-suite size: 5 → 5
  • Avg tenure: 3.8 → 4.2 yr
  • reorg Executive Team - 10-Year ECAP (DEF 14A filed 2026-04-10)

The board

Board of directors

8 directors. 7 of 8 independent (88%). Source: most recent DEF 14A.

Kenneth J. Bacon

Chair Independent

Shankh Mitra

Inside

CEO, Welltower

Kathryn M. Sullivan

Independent

Johnese M. Spisso

Independent

Sergio D. Rivera

Independent

Ade J. Patton

Independent

Andrew Gundlach

Independent

Karen B. DeSalvo

Independent

The board, organized

Board committees

2 standing committees. Audit and Compensation must be 100% independent under SEC rules; the rest vary.

Audit Committee

100% independent 5 mtgs/yr
  • Andrew Gundlach
  • Ade J. Patton
  • Sergio D. Rivera

Compensation Committee

100% independent 25 mtgs/yr
  • Ade J. Patton
  • Sergio D. Rivera
  • Kathryn M. Sullivan

Frequently Asked Questions

Who is the CEO of Welltower?

Shankh Mitra has served as Chief Executive Officer since 2021.

What type of organizational structure does Welltower use?

Welltower uses a hybrid enterprise structure with centralized executive control typical of internally managed REITs.

How many direct reports does Welltower's CEO have?

The CEO has five direct reports: two Co-Presidents, a Vice Chairman/COO, the Chief Legal Officer, and the CTO.

How has Welltower's leadership changed recently?

In October 2025, Welltower adopted a 10-year executive continuity program and hired a new Chief Technology Officer.

Who reports directly to Welltower's CEO?

Both Co-Presidents, the Vice Chairman and COO, the Chief Legal Officer, and the Chief Technology Officer report directly to the CEO.

Sources

  • Company Newsroom, Oct 2025
  • Form 8-K, Oct 27, 2025
  • SEC EDGAR: Welltower Inc. DEF 14A Proxy Statement
  • SEC EDGAR: Welltower Inc. 10-K Annual Report

Reference

Cite this page

If you reference this page in research, analysis, or news writing, use one of the formats below. Citation includes the SEC filing source where applicable.

APA 7th
Creately. (2026). Welltower Inc. organizational structure. Creately. Retrieved , from https://creately.com/org-chart/fortune-500/welltower/
MLA 9th
"Welltower Inc. Organizational Structure." Creately, April 1, 2026, https://creately.com/org-chart/fortune-500/welltower/. Accessed .
Chicago 17
Creately. "Welltower Inc. Organizational Structure." Last modified April 1, 2026. https://creately.com/org-chart/fortune-500/welltower/.
Original SEC source View on SEC ↗
Welltower Inc.. DEF 14A. Filed 2026-04-10. U.S. Securities and Exchange Commission. https://www.sec.gov/Archives/edgar/data/766704/000076670426000014/well-20260409.htm

Permanent URL: https://creately.com/org-chart/fortune-500/welltower/ · last updated 2026-04-01

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