On April 13, 2020, the Board of Directors approved the executive promotions and title changes of Shankh Mitra to Vice Chair, Chief Operating Officer and Chief Investment Officer of Welltower Inc. and Tim McHugh to Executive Vice President - Chief Financial Officer of the Company, both effective immediately. Prior to these promotions, Mr. Mitra served as Executive Vice President - Chief Investment Officer of the Company and Mr. McHugh served as the Senior Vice President - Chief Financial Officer of the Company. On April 13, 2020, the Company entered into a new Employment Agreement with Thomas J DeRosa, the Company’s Chief Executive Officer, which will become effective on April 13, 2020 upon the expiration of his current employment agreement.