Health Care REIT (NYSE: HCN) has announced that as of July 1, its longtime executive Chuck Herman, who currently serves as president of the company’s senior housing division, will retire. The company announced Herman’s intentions in a public filing on Monday.
Charles J. Herman, Jr., known in the senior housing industry by his nickname, Chuck, informed the company he wished to retire from the company, effective July 1. Herman also serves as HCN’s executive vice president and has held previous positions with the company as well.
Herman provided consulting services to HCN before he was recruited to become vice president of operations in 2000. He served as vice president and chief investment officer beginning in 2004 before being named an executive vice president in 2006.
Herman currently serves on the executive boards of Assisted Living Federation of America (ALFA), National Investment Center for the Seniors Housing Care Industry (NIC) and American Seniors Housing Association (ASHA).
Herman entered into a consulting agreement with HCN to provide services to the company after July 1, 2015, through December 31, 2015, at a monthly rate of $25,000, according to the filing.
“He is responsible for managing relationships with key industry partners, leading the development of new business relationships and opportunities and advancing the company’s thought leadership in seniors housing and post-acute in current and future markets,” the company says on its website.
See the SEC filing here.
Written by Cassandra Dowell