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Diversified Healthcare Trust Elects Daniel LePage to Board of Trustees
Expanded Six-Member Board Includes Four Independent Trustees and One Third of Board are Women Election Underscores Progress on Multi-year Review of
About this update from Diversified Healthcare Trust
[{"type":"text","content":"\nExpanded Six-Member Board Includes Four Independent Trustees and One Third of Board are Women\n\n\nElection Underscores Progress on Multi-year Review of Governance Policies\n\n NEWTON, Mass.--(BUSINESS WIRE)--\nDiversified Healthcare Trust (Nasdaq: DHC) today announced that it has elected Daniel F. LePage to the Company’s Board as an Independent Trustee, effective immediately. The election is in furtherance of DHC’s previously announced multi-year review of its governance policies and that it was working with executive search firm Korn Ferry to expand and refresh the Board. With the addition of Mr. LePage, DHC’s Board now has six Trustees, including four Independent Trustees, and one third of the Board are women.\n\n\nIn 2019, Mr. LePage founded DFL Capital LLC, a company specializing in real estate investing, real estate securities and advisory services where he is Managing Director. From 2006 to 2019, Mr. LePage held senior leadership positions with RBC Capital Markets, including serving as Managing Director and Head of U.S. Real Estate Corporate Banking. He previously held senior leadership positions in commercial real estate lending with Emigrant Savings Bank and Citigroup, Inc.\n\n\nAdam D. Portnoy, Chair of DHC’s Board of Trustees, made the following statement of today’s announcement:\n\n\n“The rest of the Board joins me in welcoming Dan to the DHC Board of Trustees. We believe his substantial experience in commercial real estate and capital markets will be a tremendous asset to DHC moving forward and further evolve our governance policies.”\n\n\n“Last year, we announced the beginning of a multi-year process examining DHC’s governance policies. Dan’s addition to our Board, along with other governance initiatives, including adopting proxy access bylaws and, beginning with next year’s meeting, the annual elections of Board members, demonstrates the Board’s commitment to enhanced governance.”\n\n\nKorn Ferry assisted DHC’s Nominating and Governance Committee in the selection of Daniel F. LePage as a candidate for DHC’s Board of Trustees.\n\n\nDiversified Healthcare Trust (Nasdaq: DHC) is a real estate investment trust (REIT) focused on owning high-quality healthcare properties located throughout the United States. DHC seeks diversification across the health services spectrum: by care delivery and practice type, by scientifi...