"After committing nearly twenty years to building three companies that have created more than 50,000 jobs, I am ready to move forward to a new phase of my life, and I am considering a return to public service," Lunsford says. "This is an opportune time for me to make this change because I am confident that the companies I founded are moving in the right direction and are in good hands. In particular, Ventas has benefited since 1999 from the unique strength and character of its President and CEO Debra Cafaro.
Cafaro, 45, joined Ventas as president and CEO in March 1999. She is a member of NAREIT's Board of Governors and a member of the Visiting Committee of the University of Chicago Law School.
"Ventas is a strong and vibrant Company, and is well positioned for the future," Cafaro says. "Bruce Lunsford has been a great resource during my tenure at Ventas as we have re-shaped the Company into a reliable and top performing real estate investment trust."
The REIT also revealed the appointment of independent director Douglas Crocker II to the newly created board position of "presiding director." In his new role, Crocker will lead regularly scheduled executive sessions among independent members of the Board of Directors.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
