LTC Properties Announces Executive Leadership Changes

LTC Properties, Inc. (NYSE: LTC) disclosed in a recent Form 8-K filing that several key changes have been made to its executive leadership team. Effective December 31, 2024, the Board of Directors of LTC Properties elected Wendy L. Simpson to the position of Executive Chairman of the Board.

Wendy L. Simpson, who has been with the company since 2000 and has served as Chief Executive Officer since 2007, will now take on the role of Executive Chairman. In addition to this, Pamela J. Shelley-Kessler and Clint B. Malin have been appointed as Co-Chief Executive Officers of the company. Both individuals have been Co-Presidents since May 2020.

Ms. Shelley-Kessler, who has been the Chief Financial Officer of LTC Properties since 2007 as well as the Corporate Secretary, and Mr. Malin, who has been the Chief Investment Officer of the company since 2004, will continue to serve in their current capacities until successors are named.

Furthermore, Caroline “Cece” Chikhale will assume the position of Chief Financial Officer and Corporate Secretary of LTC Properties effective December 31, 2024. Ms. Chikhale has been with the company since 2002, serving in various roles including Executive Vice President and Chief Accounting Officer.

There are no changes to the compensation arrangements for Ms. Simpson, Ms. Shelley-Kessler, and Mr. Malin resulting from their new appointments. Ms. Chikhale’s existing employment agreement remains unchanged.

The company provided biographical information about the executives in its Definitive Proxy Statement filed on April 16, 2024, which is incorporated by reference into the filing. A press release announcing these executive changes has been attached to the Form 8-K filing as Exhibit 99.1.

LTC Properties, a real estate investment trust primarily focused on seniors housing and healthcare properties, is currently conducting a search for a new Chief Investment Officer as part of these changes in leadership.

For more information regarding these executive appointments, interested parties can refer to the Form 8-K filing on the Securities and Exchange Commission’s website.

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read LTC Properties’s 8K filing here.

About LTC Properties

LTC is a real estate investment trust (REIT) investing in seniors housing and health care properties primarily through sale-leasebacks, mortgage financing, joint-ventures and structured finance solutions including preferred equity and mezzanine lending. LTC's investment portfolio includes 201 properties in 26 states with 29 operating partners.