Welltower Inc. announced that Shankh Mitra has been appointed Chief Executive Officer and will join the Board of Directors, effective October 5, 2020. Mr. Mitra, who has been serving as Vice Chair, Chief Operating Officer and Chief Investment Officer, succeeds Thomas J. DeRosa, who is stepping down as Chairman and CEO after leading Welltower for more than six years. Mr. Mitra will retain his CIO title and continue to lead Welltower's data analytics-driven capital allocation and operator relationships. The Company also announced that Kenneth J. Bacon, who has been serving as an Independent Director on the Board since 2016, has been named Chairman. In this role, Mr. Bacon will lead the Board and partner with Mr. Mitra and the leadership team as they execute the Company's strategy to create long-term shareholder value.