Board of
Directors
Board of Directors
Debra A. Cafaro
Director since 1999
Chairman since 2003
Executive and Investment Committees
Debra A. Cafaro
Director since 1999Chairman since 2003
Executive and Investment Committees
Debra A. Cafaro has substantial executive experience, leadership ability and a proven record of accomplishment. She brings to our Board expertise in real estate, healthcare, capital markets, corporate finance, mergers and acquisitions, strategic planning, law and public policy and other public company matters.
Business Experience
- Chief Executive Officer and director (1999 to present), Chairman of the Board (2003 to present) and President (1999 to 2010) of Ventas, Inc. (NYSE: VTR)
Private Boards and Community Service
- Member of the American Academy of Arts & Sciences, an honorary society (2020 to present)
- Chair of the Real Estate Roundtable, a public policy organization
- Chair of the Executive Committee (2019 to present) and Member of the Board of Directors of The Economic Club of Chicago, a non-profit management organization
- Member of the Board of Trustees of the University of Chicago and the Chicago Symphony Orchestra
- Appointed by Mayor Rahm Emanuel to the Board of the Chicago Infrastructure Trust (2015 to 2019)
- An owner and member of the Management Committee of the Pittsburgh Penguins, a National Hockey League team
Recognitions
- Six time honoree in Harvard Business Review’s CEO 100 (2014 to 2020) and Modern Healthcare’s 100 Most Influential People in Healthcare (2012, 2015 to 2019)
- Recipient of the Industry Leadership Award from the National Association of Real Estate Investment Trusts (Nareit) (2014), where she previously served as Chair (2010)
- Inducted into the ASHA (American Seniors Housing Association) Senior Living Hall of Fame (2019)
- Member of the Business Council, an association of chief executive officers
Current Public Company Directorships
- PNC Financial Services Group Inc. (NYSE: PNC)
Other Public Company Directorships during Past Five Years
- Weyerhaeuser Company (NYSE: WY) (2007-2016)
Melody C. Barnes
Director since 2014
Audit and Nominating Committees
Melody C. Barnes
Director since 2014Audit and Nominating Committees
Melody C. Barnes is an attorney with extensive experience in government, leadership and public policy. She brings to our Board expertise in leadership and strategy and valuable insights in human rights issues, organizational dynamics and legislative and regulatory matters.
Business Experience
- Co-Director for Policy and Public Affairs of the Democracy Initiative, University of Virginia (2018 to present) and Dorothy Danforth Compton professor of practice at the Miller Center of Public Affairs, University of Virginia (2016 to present); Distinguished Fellow at the University of Virginia School of Law (2016 to present)
- Co-Founder and Principal of MB2 Solutions, LLC, a public policy and domestic strategy firm (2014 to present)
- Director of the Domestic Policy Council in the White House (2009 to 2012), providing policy and strategic advice to then-President Obama and coordinating the domestic policy-making process for his administration
- Senior Domestic Policy Advisor for then-Senator Obama’s 2008 presidential campaign (2008)
- Executive Vice President for Policy (2005 to 2008) and a Senior Fellow (2003 to 2005) at the Center for American Progress, an independent nonpartisan policy institute
- Chief Counsel to Senator Edward M. Kennedy on the Senate Judiciary Committee (1998 to 2003) and General Counsel for Senator Kennedy (1995 to 1998)
Private Boards and Community Service
- Chair of the Board of Trustees (2021 to present), Vice Chair of the Board of Trustees (2018 to 2020)
- Member of the Board of Trustees (2017 to 2018) at The Thomas Jefferson Foundation, Inc., a not-for-profit organization
- Member of the Advisory Board of the Institute for Contemporary Art at Virginia Commonwealth University, a non-collecting art institution (2018 to present)
- Chair of the Aspen Institute for Community Solutions and Opportunity Youth Forum, a not-for-profit organization (2012 to present)
- Chair of the Marguerite Casey Foundation, a not-for-profit organization (2012 to present)
Current Public Company Directorships
- Booz Allen Hamilton Inc. (NYSE: BAH) (2015 to present)
Other Public Company Directorships during the Past Five Years
- None
Jay M. Gellert
Director since 2001
Executive, Investment and Nominating Committees
Jay M. Gellert
Director since 2001Executive, Investment and Nominating Committees
Jay M. Gellert has substantial healthcare experience, having held numerous senior executive, leadership and strategic positions in the industry. He brings to our Board expertise in government relations, healthcare operations, mergers and acquisitions, strategy and public company executive compensation.
Business Experience
- President and Chief Executive Officer (1998 to 2016) and President and Chief Operating Officer (1997 to 1998) of Health Net, Inc. (formerly NYSE: HNT), an integrated managed care organization; President and Chief Operating Officer of its predecessor, Health Systems International, Inc., a health maintenance organization (1996 to 1997)
- Directed strategic advisory engagements for Shattuck Hammond Partners, a healthcare investment banking boutique (1991 to 1996)
- President and Chief Executive Officer of Bay Pacific Health Corporation, a healthcare services company (1988 to 1991)
Private Boards and Community Service
- Member of the Board of Directors of HealthEdge Software, a healthcare technology company (2020 to present)
- Chairman of the Board of Versant Health, a managed vision care company (2018 to 2020)
- Member of the Board of Directors of the Maven Project, a not-for-profit telehealth technology organization (2016 to present)
Current Public Company Directorships
- None
Other Public Company Directorships during the Past Five Years
- Health Net, Inc. (formerly NYSE: HNT) (1998 to 2016)
Jay M. Gellert
Director since 2001
Executive, Investment and Nominating Committees
Jay M. Gellert has substantial healthcare experience, having held numerous senior executive, leadership and strategic positions in the industry. He brings to our Board expertise in government relations, healthcare operations, mergers and acquisitions, strategy and public company executive compensation.
Business Experience
- President and Chief Executive Officer (1998 to 2016) and President and Chief Operating Officer (1997 to 1998) of Health Net, Inc. (formerly NYSE: HNT), an integrated managed care organization; President and Chief Operating Officer of its predecessor, Health Systems International, Inc., a health maintenance organization (1996 to 1997)
- Directed strategic advisory engagements for Shattuck Hammond Partners, a healthcare investment banking boutique (1991 to 1996)
- President and Chief Executive Officer of Bay Pacific Health Corporation, a healthcare services company (1988 to 1991)
Private Boards and Community Service
- Member of the Board of Directors of HealthEdge Software, a healthcare technology company (2020 to present)
- Chairman of the Board of Versant Health, a managed vision care company (2018 to 2020)
- Member of the Board of Directors of the Maven Project, a not-for-profit telehealth technology organization (2016 to present)
Current Public Company Directorships
- None
Other Public Company Directorships during the Past Five Years
- Health Net, Inc. (formerly NYSE: HNT) (1998 to 2016)
Melody C. Barnes
Director since 2014
Audit and Nominating Committees
Melody C. Barnes is an attorney with extensive experience in government, leadership and public policy. She brings to our Board expertise in leadership and strategy and valuable insights in human rights issues, organizational dynamics and legislative and regulatory matters.
Business Experience
- Co-Director for Policy and Public Affairs of the Democracy Initiative, University of Virginia (2018 to present) and Dorothy Danforth Compton professor of practice at the Miller Center of Public Affairs, University of Virginia (2016 to present); Distinguished Fellow at the University of Virginia School of Law (2016 to present)
- Co-Founder and Principal of MB2 Solutions, LLC, a public policy and domestic strategy firm (2014 to present)
- Director of the Domestic Policy Council in the White House (2009 to 2012), providing policy and strategic advice to then-President Obama and coordinating the domestic policy-making process for his administration
- Senior Domestic Policy Advisor for then-Senator Obama’s 2008 presidential campaign (2008)
- Executive Vice President for Policy (2005 to 2008) and a Senior Fellow (2003 to 2005) at the Center for American Progress, an independent nonpartisan policy institute
- Chief Counsel to Senator Edward M. Kennedy on the Senate Judiciary Committee (1998 to 2003) and General Counsel for Senator Kennedy (1995 to 1998)
Private Boards and Community Service
- Chair of the Board of Trustees (2021 to present), Vice Chair of the Board of Trustees (2018 to 2020)
- Member of the Board of Trustees (2017 to 2018) at The Thomas Jefferson Foundation, Inc., a not-for-profit organization
- Member of the Advisory Board of the Institute for Contemporary Art at Virginia Commonwealth University, a non-collecting art institution (2018 to present)
- Chair of the Aspen Institute for Community Solutions and Opportunity Youth Forum, a not-for-profit organization (2012 to present)
- Chair of the Marguerite Casey Foundation, a not-for-profit organization (2012 to present)
Current Public Company Directorships
- Booz Allen Hamilton Inc. (NYSE: BAH) (2015 to present)
Other Public Company Directorships during the Past Five Years
- None
Debra A. Cafaro
Director since 1999
Chairman since 2003
Executive and Investment Committees
Debra A. Cafaro has substantial executive experience, leadership ability and a proven record of accomplishment. She brings to our Board expertise in real estate, healthcare, capital markets, corporate finance, mergers and acquisitions, strategic planning, law and public policy and other public company matters.
Business Experience
- Chief Executive Officer and director (1999 to present), Chairman of the Board (2003 to present) and President (1999 to 2010) of Ventas, Inc. (NYSE: VTR)
Private Boards and Community Service
- Member of the American Academy of Arts & Sciences, an honorary society (2020 to present)
- Chair of the Real Estate Roundtable, a public policy organization
- Chair of the Executive Committee (2019 to present) and Member of the Board of Directors of The Economic Club of Chicago, a non-profit management organization
- Member of the Board of Trustees of the University of Chicago and the Chicago Symphony Orchestra
- Appointed by Mayor Rahm Emanuel to the Board of the Chicago Infrastructure Trust (2015 to 2019)
- An owner and member of the Management Committee of the Pittsburgh Penguins, a National Hockey League team
Recognitions
- Six time honoree in Harvard Business Review’s CEO 100 (2014 to 2020) and Modern Healthcare’s 100 Most Influential People in Healthcare (2012, 2015 to 2019)
- Recipient of the Industry Leadership Award from the National Association of Real Estate Investment Trusts (Nareit) (2014), where she previously served as Chair (2010)
- Inducted into the ASHA (American Seniors Housing Association) Senior Living Hall of Fame (2019)
- Member of the Business Council, an association of chief executive officers
Current Public Company Directorships
- PNC Financial Services Group Inc. (NYSE: PNC)
Other Public Company Directorships during Past Five Years
- Weyerhaeuser Company (NYSE: WY) (2007-2016)
Matthew J. Lustig
Director since 2011
Executive and Investment (Chair) Committees
Matthew J. Lustig
Director since 2011Executive and Investment (Chair) Committees
Matthew J. Lustig has extensive experience as an advisor and investor in domestic and international real estate transactions, including senior housing, and as a director, executive and investor in real estate companies and funds. He brings to our Board expertise in capital markets, corporate finance, mergers and acquisitions and strategic transactions.
Business Experience
- Chairman of Investment Banking, North America (2019 to present), Head of Investment Banking, North America (2012 to 2019), Head of Real Estate & Lodging (1989 to present) and former Chief Executive Officer of the private equity real estate investment business at Lazard Frères & Co. LLC, a financial advisory and asset management firm
Private Boards and Community Service
- Chairman of the Advisory Board at The Samuel Zell and Robert Lurie Real Estate Center at The Wharton School, University of Pennsylvania (2017 to present)
- Member of the Board of Advisors at the Edmund A. Walsh School of Foreign Service, Georgetown University (2011 to present)
- Member of the MBA Real Estate Program Advisory Board at the Paul Milstein Center for Real Estate at Columbia Business School, Columbia University (1999 to present)
- Chairman of the Board of Directors of Atria Senior Living, Inc., a for-profit senior housing company (2004 to 2011)
- Member of the Council on Foreign Relations, the Pension Real Estate Association, the Real Estate Roundtable and the Urban Land Institute
Current Public Company Directorships
- Boston Properties, Inc. (NYSE: BXP) (2011 to present)
Other Public Company Directorships during the Past Five Years
- None
Roxanne M. Martino
Director since 2016
Compensation (Chair), Executive and Investment Committees
Roxanne M. Martino
Director since 2016Compensation (Chair), Executive and Investment Committees
Roxanne M. Martino has extensive experience as a director, industry leader and senior executive and is widely recognized for her finance and investment expertise. She brings to our Board expertise in accounting, capital markets, corporate finance, investments and strategy.
Business Experience
- Managing Partner of OceanM19 (2016 to present)
- Led Aurora Investment Management L.L.C., a hedge fund investment firm, and its predecessor companies, including acting as Chief Executive Officer, Partner and Chair of the Investment Committee (1990 to 2016)
- General Partner of Grosvenor Capital Management, L.P., an asset management firm (now GCM Grosvenor, NASDAQ: GCMG) (1984 to 1990)
Private Boards and Community Service
- Member of the Board of Directors of The Havi Group (2019 to present)
- Member of the Executive Committee of the Chicago Network (2019 to present); member of the Board of Directors and Executive Committee of The Economic Club of Chicago (2017 to present)
- Chairperson (2018 to present) of the Ann & Robert H. Lurie Children’s Hospital of Chicago Board of Directors and member of the Executive Committee of the Ann & Robert H. Lurie Children’s Hospital of Chicago Foundation (2018 to present)
- Co-Chair of the Council on Chicago Booth at the University of Chicago Booth School of Business (2015 to present); member and Chair of the Advisory Council at the Mendoza College of Business, University of Notre Dame (2001 to present); and Life Trustee of Fenwick High School (2003 to present)
- Director and past President of Thresholds, a not-for-profit psychiatric rehabilitation organization (1991 to present)
Recognitions
- Inducted into the Invest Hedge Hall of Fame (2015)
- Recognized as one of "50 Leading Women in Hedge Funds" by the Hedge Fund Journal (2015)
- Honored by DePaul University as the "DePaul University Financial Executive of the Year" based on her lifetime of professional achievement (2014)
Current Public Company Directorships
- None
Other Public Company Directorships during the Past Five Years
- None
Marguerite M. Nader
Director since 2020
Audit Committee
Marguerite M. Nader
Director since 2020Audit Committee
Marguerite M. Nader has extensive senior executive experience in the real estate investment trust industry, serving as President and Chief Executive Officer, and previously, as Chief Financial Officer, for a leading REIT. She brings to our Board expertise in asset management, corporate governance, finance, financial reporting, public company operations and sales and marketing.
Business Experience
- President and Chief Executive Officer (2013 to present), President and Chief Financial Officer (2012 to 2013), Executive Vice President and Chief Financial Officer (2011 to 2012) and other roles in asset management, business development and sales and marketing (1993 to 2011) for Equity LifeStyle Properties, Inc. (NYSE: ELS), a resort community real estate investment trust
- Member of the Management Committee and Board of Directors for ELS
Private Boards and Community Service
- First Vice Chair (2021 to present), Member of the Executive Board (2019 to present) and Member of the Advisory Board of Governors (2014 to 2018) of the National Association of Real Estate Investment Trusts (Nareit)
Current Public Company Directorships
- Equity LifeStyle Properties, Inc. (NYSE: ELS) (2013 to present)
Other Public Company Directorships during the Past Five Years
- Liberty Property Trust (formerly NYSE: LPT) (2017 to 2020)
Marguerite M. Nader
Director since 2020
Audit Committee
Marguerite M. Nader has extensive senior executive experience in the real estate investment trust industry, serving as President and Chief Executive Officer, and previously, as Chief Financial Officer, for a leading REIT. She brings to our Board expertise in asset management, corporate governance, finance, financial reporting, public company operations and sales and marketing.
Business Experience
- President and Chief Executive Officer (2013 to present), President and Chief Financial Officer (2012 to 2013), Executive Vice President and Chief Financial Officer (2011 to 2012) and other roles in asset management, business development and sales and marketing (1993 to 2011) for Equity LifeStyle Properties, Inc. (NYSE: ELS), a resort community real estate investment trust
- Member of the Management Committee and Board of Directors for ELS
Private Boards and Community Service
- First Vice Chair (2021 to present), Member of the Executive Board (2019 to present) and Member of the Advisory Board of Governors (2014 to 2018) of the National Association of Real Estate Investment Trusts (Nareit)
Current Public Company Directorships
- Equity LifeStyle Properties, Inc. (NYSE: ELS) (2013 to present)
Other Public Company Directorships during the Past Five Years
- Liberty Property Trust (formerly NYSE: LPT) (2017 to 2020)
Roxanne M. Martino
Director since 2016
Compensation (Chair), Executive and Investment Committees
Roxanne M. Martino has extensive experience as a director, industry leader and senior executive and is widely recognized for her finance and investment expertise. She brings to our Board expertise in accounting, capital markets, corporate finance, investments and strategy.
Business Experience
- Managing Partner of OceanM19 (2016 to present)
- Led Aurora Investment Management L.L.C., a hedge fund investment firm, and its predecessor companies, including acting as Chief Executive Officer, Partner and Chair of the Investment Committee (1990 to 2016)
- General Partner of Grosvenor Capital Management, L.P., an asset management firm (now GCM Grosvenor, NASDAQ: GCMG) (1984 to 1990)
Private Boards and Community Service
- Member of the Board of Directors of The Havi Group (2019 to present)
- Member of the Executive Committee of the Chicago Network (2019 to present); member of the Board of Directors and Executive Committee of The Economic Club of Chicago (2017 to present)
- Chairperson (2018 to present) of the Ann & Robert H. Lurie Children’s Hospital of Chicago Board of Directors and member of the Executive Committee of the Ann & Robert H. Lurie Children’s Hospital of Chicago Foundation (2018 to present)
- Co-Chair of the Council on Chicago Booth at the University of Chicago Booth School of Business (2015 to present); member and Chair of the Advisory Council at the Mendoza College of Business, University of Notre Dame (2001 to present); and Life Trustee of Fenwick High School (2003 to present)
- Director and past President of Thresholds, a not-for-profit psychiatric rehabilitation organization (1991 to present)
Recognitions
- Inducted into the Invest Hedge Hall of Fame (2015)
- Recognized as one of "50 Leading Women in Hedge Funds" by the Hedge Fund Journal (2015)
- Honored by DePaul University as the "DePaul University Financial Executive of the Year" based on her lifetime of professional achievement (2014)
Current Public Company Directorships
- None
Other Public Company Directorships during the Past Five Years
- None
Matthew J. Lustig
Director since 2011
Executive and Investment (Chair) Committees
Matthew J. Lustig has extensive experience as an advisor and investor in domestic and international real estate transactions, including senior housing, and as a director, executive and investor in real estate companies and funds. He brings to our Board expertise in capital markets, corporate finance, mergers and acquisitions and strategic transactions.
Business Experience
- Chairman of Investment Banking, North America (2019 to present), Head of Investment Banking, North America (2012 to 2019), Head of Real Estate & Lodging (1989 to present) and former Chief Executive Officer of the private equity real estate investment business at Lazard Frères & Co. LLC, a financial advisory and asset management firm
Private Boards and Community Service
- Chairman of the Advisory Board at The Samuel Zell and Robert Lurie Real Estate Center at The Wharton School, University of Pennsylvania (2017 to present)
- Member of the Board of Advisors at the Edmund A. Walsh School of Foreign Service, Georgetown University (2011 to present)
- Member of the MBA Real Estate Program Advisory Board at the Paul Milstein Center for Real Estate at Columbia Business School, Columbia University (1999 to present)
- Chairman of the Board of Directors of Atria Senior Living, Inc., a for-profit senior housing company (2004 to 2011)
- Member of the Council on Foreign Relations, the Pension Real Estate Association, the Real Estate Roundtable and the Urban Land Institute
Current Public Company Directorships
- Boston Properties, Inc. (NYSE: BXP) (2011 to present)
Other Public Company Directorships during the Past Five Years
- None
Sean P. Nolan
Director since 2019
Compensation Committee
Sean P. Nolan
Director since 2019Compensation Committee
Sean P. Nolan is an accomplished senior executive and board member, having served in numerous officer and director positions for privately held and publicly traded companies in the biopharmaceutical industry. He brings to our Board expertise in finance, leadership, management and research and innovation.
Business Experience
- President of Nolan Capital, LLC, an investment fund (2019 to present)
- President and Chief Executive Officer of AveXis, Inc. (formerly NASDAQ: AVXS), a gene therapy company (2015 to 2018)
- Chief Business Officer for InterMune, Inc. (formerly NASDAQ: ITMN), a biopharmaceutical company (2013 to 2015)
- Chief Commercial Officer of Reata Pharmaceuticals, Inc. (NASDAQ: RETA), a pharmaceuticals company (2011 to 2012)
- Chief Commercial Officer and President of Lundbeck, Inc., a U.S. affiliate of Lundbeck, a Danish pharmaceuticals company (2009 to 2010), senior management at Ovation Pharmaceuticals, Inc., a pharmaceuticals company (2004 to 2009)
Private Boards and Community Service
- Chairman of the Board of Affinia Therapeutics (formerly known as TouchDown Therapeutics), a gene therapy company (2019 to present)
- Chairman of the Board of Encoded Therapeutics, Inc., a gene therapy company (2018 to present)
- Chairman of the Board of Istari Oncology, Inc., a clinical-stage biotechnology company (2018 to present)
Current Public Company Directorships
- Taysha Gene Therapies, Chairman of the Board (NASDAQ: TSHA) (2020 to present)
Other Public Company Directorships during the Past Five Years
- Neoleukin Therapeutics (NASDAQ: NLTX) (2019 to 2020)
- Aquinox Pharmaceuticals, Inc. (formerly NASDAQ: AQXP) (2015 to 2019)
Walter C. Rakowich
Director since 2016
Audit (Chair), Executive and Investment Committees
Walter C. Rakowich
Director since 2016Audit (Chair), Executive and Investment Committees
Walter C. Rakowich is a recognized leader in the real estate industry with extensive senior executive experience. He brings to our Board expertise in capital markets, corporate finance, finance and accounting, international operations, leadership, mergers and acquisitions and strategy.
Business Experience
- Chief Executive Officer of Prologis, Inc., an industrial real estate company (NYSE: PLD) (2008 to 2011), Co-Chief Executive Officer following its merger with AMB Property Corporation (2011 to 2012), member of the Board of Directors (2005 to 2012) and served in a number of senior management positions, including President, Chief Financial Officer and Chief Operating Officer (1994 to 2008)
- Partner and Principal with Trammell Crow Company, a real estate provider (1985 to 1993)
Private Boards and Community Service
- Member of the Advisory Council of Gender Fair, an organization working to accelerate gender equality (2020 to present)
- Leadership roles at three non-profits focused on educational opportunities for at-risk children: Trustee of the PIVOT Foundation (2018 to present), Chairman of the Board of Colorado UpLift (2013 to present) and Board Member of the Alliance for School Choice in Education (ACE) (2004 to present)
- Member of the Board of Trustees of Pennsylvania State University (2014 to present); member of the Advisory Board of the Institute for Real Estate Studies in the Smeal College of Business, Pennsylvania State University (2014 to present)
- Member of the Advisory Board of Governors (2008 to 2010) and the Executive Committee (2010 to 2011) of the National Association of Real Estate Investment Trusts (Nareit), a real estate trade association
Current Public Company Directorships
- Host Hotels & Resorts, Inc. (NYSE: HST) (2012 to present; Lead Director, 2015 to 2018)
- Iron Mountain Incorporated (NYSE: IRM) (2015 to present)
Other Public Company Directorships during the Past Five Years
- None
Robert D. Reed
Director since 2008
Executive, Investment and Nominating Committees
Robert D. Reed
Director since 2008Executive, Investment and Nominating Committees
Robert D. Reed has extensive healthcare senior executive experience, having served as Chief Financial Officer for domestic hospital systems and physicians organizations. He brings to our Board expertise in accounting, healthcare finance and operations, managing capital intensive operations and strategic planning.
Business Experience
- Advisor to Halo Diagnostics, a privately held healthcare technology company (2020 to present)
- Senior Vice President and Chief Financial Officer of Sutter Health, a family of not-for-profit hospitals and physicians organizations (1997 to 2015)
- Chief Financial Officer, Alta Bates Corporation, a not-for-profit health care company (1990 to 1995) and Voluntary Hospitals of America Corporation, a not-for-profit health care company (1988) and Voluntary Health Enterprises, Inc., a for-profit health care company (1986 to 1988)
- Investment banker specializing in healthcare finance for hospital systems at various national financial firms, including Eastdil (1976 to 1980), Paine Webber (1980 to 1982) and American Health Capital (1982 to 1986)
Private Boards and Community Service
- Member of the National Board of Advisors of U.C. Davis Health, an academic medical center (2019 to present)
- Member of the Board of Directors of The Metta Fund, a not-for-profit organization dedicated to advancing the health and wellness of San Francisco’s aging population (2007 to 2018)
Current Public Company Directorships
- None
Other Public Company Directorships during the Past Five Years
- None
Robert D. Reed
Director since 2008
Executive, Investment and Nominating Committees
Robert D. Reed has extensive healthcare senior executive experience, having served as Chief Financial Officer for domestic hospital systems and physicians organizations. He brings to our Board expertise in accounting, healthcare finance and operations, managing capital intensive operations and strategic planning.
Business Experience
- Advisor to Halo Diagnostics, a privately held healthcare technology company (2020 to present)
- Senior Vice President and Chief Financial Officer of Sutter Health, a family of not-for-profit hospitals and physicians organizations (1997 to 2015)
- Chief Financial Officer, Alta Bates Corporation, a not-for-profit health care company (1990 to 1995) and Voluntary Hospitals of America Corporation, a not-for-profit health care company (1988) and Voluntary Health Enterprises, Inc., a for-profit health care company (1986 to 1988)
- Investment banker specializing in healthcare finance for hospital systems at various national financial firms, including Eastdil (1976 to 1980), Paine Webber (1980 to 1982) and American Health Capital (1982 to 1986)
Private Boards and Community Service
- Member of the National Board of Advisors of U.C. Davis Health, an academic medical center (2019 to present)
- Member of the Board of Directors of The Metta Fund, a not-for-profit organization dedicated to advancing the health and wellness of San Francisco’s aging population (2007 to 2018)
Current Public Company Directorships
- None
Other Public Company Directorships during the Past Five Years
- None
Walter C. Rakowich
Director since 2016
Audit (Chair), Executive and Investment Committees
Walter C. Rakowich is a recognized leader in the real estate industry with extensive senior executive experience. He brings to our Board expertise in capital markets, corporate finance, finance and accounting, international operations, leadership, mergers and acquisitions and strategy.
Business Experience
- Chief Executive Officer of Prologis, Inc., an industrial real estate company (NYSE: PLD) (2008 to 2011), Co-Chief Executive Officer following its merger with AMB Property Corporation (2011 to 2012), member of the Board of Directors (2005 to 2012) and served in a number of senior management positions, including President, Chief Financial Officer and Chief Operating Officer (1994 to 2008)
- Partner and Principal with Trammell Crow Company, a real estate provider (1985 to 1993)
Private Boards and Community Service
- Member of the Advisory Council of Gender Fair, an organization working to accelerate gender equality (2020 to present)
- Leadership roles at three non-profits focused on educational opportunities for at-risk children: Trustee of the PIVOT Foundation (2018 to present), Chairman of the Board of Colorado UpLift (2013 to present) and Board Member of the Alliance for School Choice in Education (ACE) (2004 to present)
- Member of the Board of Trustees of Pennsylvania State University (2014 to present); member of the Advisory Board of the Institute for Real Estate Studies in the Smeal College of Business, Pennsylvania State University (2014 to present)
- Member of the Advisory Board of Governors (2008 to 2010) and the Executive Committee (2010 to 2011) of the National Association of Real Estate Investment Trusts (Nareit), a real estate trade association
Current Public Company Directorships
- Host Hotels & Resorts, Inc. (NYSE: HST) (2012 to present; Lead Director, 2015 to 2018)
- Iron Mountain Incorporated (NYSE: IRM) (2015 to present)
Other Public Company Directorships during the Past Five Years
- None
Sean P. Nolan
Director since 2019
Compensation Committee
Sean P. Nolan is an accomplished senior executive and board member, having served in numerous officer and director positions for privately held and publicly traded companies in the biopharmaceutical industry. He brings to our Board expertise in finance, leadership, management and research and innovation.
Business Experience
- President of Nolan Capital, LLC, an investment fund (2019 to present)
- President and Chief Executive Officer of AveXis, Inc. (formerly NASDAQ: AVXS), a gene therapy company (2015 to 2018)
- Chief Business Officer for InterMune, Inc. (formerly NASDAQ: ITMN), a biopharmaceutical company (2013 to 2015)
- Chief Commercial Officer of Reata Pharmaceuticals, Inc. (NASDAQ: RETA), a pharmaceuticals company (2011 to 2012)
- Chief Commercial Officer and President of Lundbeck, Inc., a U.S. affiliate of Lundbeck, a Danish pharmaceuticals company (2009 to 2010), senior management at Ovation Pharmaceuticals, Inc., a pharmaceuticals company (2004 to 2009)
Private Boards and Community Service
- Chairman of the Board of Affinia Therapeutics (formerly known as TouchDown Therapeutics), a gene therapy company (2019 to present)
- Chairman of the Board of Encoded Therapeutics, Inc., a gene therapy company (2018 to present)
- Chairman of the Board of Istari Oncology, Inc., a clinical-stage biotechnology company (2018 to present)
Current Public Company Directorships
- Taysha Gene Therapies, Chairman of the Board (NASDAQ: TSHA) (2020 to present)
Other Public Company Directorships during the Past Five Years
- Neoleukin Therapeutics (NASDAQ: NLTX) (2019 to 2020)
- Aquinox Pharmaceuticals, Inc. (formerly NASDAQ: AQXP) (2015 to 2019)
James D. Shelton
Director since 2008
Presiding Director
Compensation, Executive (Chair) and Nominating (Chair) Committees
James D. Shelton
Director since 2008Presiding Director
Compensation, Executive (Chair) and Nominating (Chair) Committees
James D. Shelton has extensive experience as a Chief Executive Officer and business leader in the healthcare industry. He brings to our Board expertise in corporate governance, executive compensation, government relations, managing capital intensive operations, mergers and acquisitions and strategic transactions.
Business Experience
- Non-executive Chairman of the Board of Omnicare, Inc. (formerly NYSE: OCR) ("Omnicare"), a pharmaceutical care provider (2010 to 2015) and interim Chief Executive Officer of Omnicare (2010 to 2011)
- Chief Executive Officer and Chairman of the Board of Triad Hospitals, Inc. (formerly NYSE: TRI), an owner and manager of hospitals and ambulatory surgery centers (1999 to 2007)
- President of the Pacific Group (1998 to 1999) and President of the Central Group (1994 to 1998) of Columbia/HCA Healthcare Corporation, a hospital operator (now known as HCA Inc. (NYSE: HCA))
- Executive Vice President of National Medical Enterprises (now known as Tenet Healthcare Corporation (NYSE: THC)), a healthcare services company (1991 to 1994)
Private Boards and Community Service
- Member of the Board of Directors and the Executive Committee of the American Hospital Association, a healthcare industry trade group (2004 to 2006)
- Chairman and member of the Board of Directors of the Federation of American Hospitals, a hospital trade association (1991 to 2001)
Current Public Company Directorships
- None
Other Public Company Directorships during the Past Five Years
- Envision Healthcare Corp. (formerly NYSE: EVHC) (2015 to 2018, Lead Director, 2018)
Maurice S. Smith
Director since 2021
Audit Committee
Maurice S. Smith
Director since 2021Audit Committee
Maurice S. Smith has extensive senior executive experience in the health insurance industry, serving as President and Chief Executive Officer and previously, in other senior leadership positions, for a leading health insurance company. He brings to our Board expertise in corporate transactions, health insurance, financial matters, management and strategic growth initiatives.
Business Experience
- President and Chief Executive Officer (2020 to present), President (2019 to 2020), Senior Vice President, Business Development and Subsidiary Management (2015), Divisional Vice President, Business Development and Subsidiary Management (2012 to 2014), Vice President, Corporate Transactions and Business Analysis (2011 to 2012), numerous other roles of progressive responsibility (1993 to 2011), Health Care Service Corporation (HCSC), a leading health insurer
- President, Blue Cross Blue Shield of Illinois, a division of HCSC (2015 to 2019)
Private Boards and Community Service
- Member of the Board of Directors of The Economic Club of Chicago (2020 to present)
- Member of the Board of Directors of the Chicago Civic Consulting Alliance, a nonprofit organization (2018 to present)
- Member of the Board of Trustees of Roosevelt University (2017 to present)
- Member of the Board of Trustees of the Civic Federation, a nonpartisan government research organization (2017 to present)
- Member of the Board of Directors of World Business Chicago, a public-private economic development agency (2020 to present)
- Chairman of the Board of Dearborn National Life Insurance Company, a life insurance company (2012 to 2019)
- Member of the Board of Directors of Common Ground Foundation, a nonprofit organization (2018 to present)
- Member of the Board of Directors of Medecision, Inc., an integrated health management solutions company (2014 to 2020)
- Member and former Chairman of the Board of Directors of Chicago Sinfonietta (2011 to 2019)
Current Public Company Directorships
- None
Other Public Company Directorships during the Past Five Years
- None
Maurice S. Smith
Director since 2021
Audit Committee
Maurice S. Smith has extensive senior executive experience in the health insurance industry, serving as President and Chief Executive Officer and previously, in other senior leadership positions, for a leading health insurance company. He brings to our Board expertise in corporate transactions, health insurance, financial matters, management and strategic growth initiatives.
Business Experience
- President and Chief Executive Officer (2020 to present), President (2019 to 2020), Senior Vice President, Business Development and Subsidiary Management (2015), Divisional Vice President, Business Development and Subsidiary Management (2012 to 2014), Vice President, Corporate Transactions and Business Analysis (2011 to 2012), numerous other roles of progressive responsibility (1993 to 2011), Health Care Service Corporation (HCSC), a leading health insurer
- President, Blue Cross Blue Shield of Illinois, a division of HCSC (2015 to 2019)
Private Boards and Community Service
- Member of the Board of Directors of The Economic Club of Chicago (2020 to present)
- Member of the Board of Directors of the Chicago Civic Consulting Alliance, a nonprofit organization (2018 to present)
- Member of the Board of Trustees of Roosevelt University (2017 to present)
- Member of the Board of Trustees of the Civic Federation, a nonpartisan government research organization (2017 to present)
- Member of the Board of Directors of World Business Chicago, a public-private economic development agency (2020 to present)
- Chairman of the Board of Dearborn National Life Insurance Company, a life insurance company (2012 to 2019)
- Member of the Board of Directors of Common Ground Foundation, a nonprofit organization (2018 to present)
- Member of the Board of Directors of Medecision, Inc., an integrated health management solutions company (2014 to 2020)
- Member and former Chairman of the Board of Directors of Chicago Sinfonietta (2011 to 2019)
Current Public Company Directorships
- None
Other Public Company Directorships during the Past Five Years
- None
James D. Shelton
Director since 2008
Presiding Director
Compensation, Executive (Chair) and Nominating (Chair) Committees
James D. Shelton has extensive experience as a Chief Executive Officer and business leader in the healthcare industry. He brings to our Board expertise in corporate governance, executive compensation, government relations, managing capital intensive operations, mergers and acquisitions and strategic transactions.
Business Experience
- Non-executive Chairman of the Board of Omnicare, Inc. (formerly NYSE: OCR) ("Omnicare"), a pharmaceutical care provider (2010 to 2015) and interim Chief Executive Officer of Omnicare (2010 to 2011)
- Chief Executive Officer and Chairman of the Board of Triad Hospitals, Inc. (formerly NYSE: TRI), an owner and manager of hospitals and ambulatory surgery centers (1999 to 2007)
- President of the Pacific Group (1998 to 1999) and President of the Central Group (1994 to 1998) of Columbia/HCA Healthcare Corporation, a hospital operator (now known as HCA Inc. (NYSE: HCA))
- Executive Vice President of National Medical Enterprises (now known as Tenet Healthcare Corporation (NYSE: THC)), a healthcare services company (1991 to 1994)
Private Boards and Community Service
- Member of the Board of Directors and the Executive Committee of the American Hospital Association, a healthcare industry trade group (2004 to 2006)
- Chairman and member of the Board of Directors of the Federation of American Hospitals, a hospital trade association (1991 to 2001)
Current Public Company Directorships
- None
Other Public Company Directorships during the Past Five Years
- Envision Healthcare Corp. (formerly NYSE: EVHC) (2015 to 2018, Lead Director, 2018)