Ventas (VTR) Appoints Sumit Roy to its Board

Ventas, Inc. (NYSE: VTR) today announced that Sumit Roy, President and Chief Executive Officer of Realty Income Corporation – a real estate investment trust (REIT) with a diversified portfolio of over 11,400 freestanding commercial properties across the United States, Puerto Rico, the United Kingdom and Spain – has been appointed as an independent member of the Ventas Board of Directors, effective October 1, 2022. Mr. Roy has also been appointed to serve on the Investment Committee of the Ventas Board.

Mr. Roy, 53, is a highly accomplished REIT executive. At Realty Income, he was appointed Chief Executive Officer in 2018 after being named President of the company in 2015. He previously served as Realty Income’s Chief Operating Officer from 2014 to 2018, Chief Investment Officer from 2013 to 2014 and Chairman of the Investment Committee. Prior to Realty Income, Mr. Roy was an Executive Director at UBS Investment Bank, where he was responsible for more than $57 billion in real estate capital markets and advisory transactions.

“Sumit is an exceptional executive with deep industry knowledge and capital allocation expertise, making him a terrific addition to the Ventas Board,” said Debra A. Cafaro, Ventas Chairman and CEO. “He brings an impressive track record of successful strategic planning and execution and has demonstrated leadership in employing predictive analytics in decision-making and risk management. Under Sumit’s leadership, Realty Income has doubled in size while delivering outstanding growth and returns for investors.”

Denny Shelton, Ventas’ Lead Independent Director, added, “We are pleased to appoint Sumit to the Ventas Board, which continues our longstanding multi-year process of regular and proactive Board refreshment. We are confident that Sumit’s unique skillset will be a strong complement to our highly qualified, diverse and fit-for-purpose Board, and look forward to working closely with him as we oversee performance and value creation for shareholders.”

“Ventas is a forward-thinking organization with a high-quality portfolio and long track record of success. I am excited and humbled to join this accomplished Board to help oversee Ventas’ continued growth, and I look forward to sharing my experience and insights to contribute to the Company’s future success,” said Mr. Roy.

The Company also announced that Robert D. Reed, who has served as a director since 2008, will retire from the Board and not stand for re-election when his term expires at Ventas’s 2023 Annual Meeting of Stockholders. The Board thanks Mr. Reed for his outstanding service and valuable contributions during his tenure.

With Mr. Roy’s appointment, the Ventas Board will expand to 12 directors, 11 of whom are independent and 50% of whom identify as diverse by gender or ethnicity. The Board is expected to once again comprise 11 directors following the Company’s 2023 Annual Meeting of Stockholders.

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