IRVINE, Calif., July 11, 2017 /PRNewswire/ -- HCP (NYSE:HCP)
announced today that Shawn Johnston
will join the Company as Senior Vice President and Chief Accounting
Officer, effective August 15, 2017.
Mr. Johnston will replace the Company's current Chief
Accounting Officer, Scott Anderson,
who is leaving HCP to pursue other career opportunities. Mr.
Anderson will remain with HCP in his current capacity through
August 17, 2017 to ensure a smooth
transition and oversee the preparation of the Company's second
quarter 2017 financial statements.
Mr. Johnston is joining HCP from UDR, Inc., a leading
multifamily real estate investment trust (REIT), where he is
currently Chief Accounting Officer (CAO). He joined UDR in
September 2013 as Controller and
served in that role until 2016 when he became CAO, and served as
Interim Principal Financial Officer from June 2016 through December
2016. Prior to Mr. Johnston's tenure at UDR, he served
as CAO at American Residential Communities LLC, a residential real
estate company. Previously, he worked at Ernst & Young for
eight years as a Certified Public Accountant.
"We are pleased that Shawn will be joining HCP," said
Tom Herzog, President and CEO of
HCP. "Shawn has extensive financial accounting and reporting
experience in both real estate and REITs, and will be an excellent
addition to our team. On behalf of the Board and everyone at
HCP, we look forward to welcoming Shawn."
"I am thrilled to join HCP and believe my experience and
background will be complementary to the team," said Mr.
Johnston. "I look forward to helping further advance the
company's initiatives."
Regarding Mr. Anderson's departure to pursue other endeavors,
Mr. Herzog said, "We are grateful for Scott's significant
contributions during his eight years at HCP, including building a
strong accounting team, positioning us for continued success.
He has been a valuable member of our executive team, and we wish
him the best."
Mr. Anderson said, "I have thoroughly enjoyed my time at HCP,
particularly completing the spin and successfully positioning the
Company to execute its strategic initiatives. While I will
miss working with such a talented group of colleagues, I am excited
to pursue other opportunities as I approach the next chapter of my
career."
About HCP
HCP, Inc. is a fully integrated real estate investment trust
(REIT) that invests primarily in real estate serving the healthcare
industry in the United States. HCP
owns a large-scale portfolio diversified across multiple sectors,
led by senior housing, life science and medical office. Recognized
as a global leader in sustainability, HCP has been a
publicly-traded company since 1985 and was the first healthcare
REIT selected to the S&P 500 index. For more information
regarding HCP, visit www.hcpi.com.
Forward-Looking Statements
Statements contained in this release that are not historical
facts are forward-looking statements within the meaning of Section
27A of the Securities Act of 1933, as amended, and Section 21E of
the Securities Exchange Act of 1934, as amended. These statements
include, among other things, HCP's expectations relating to the
appointment of, and start date for, Mr. Johnston as Chief
Accounting Officer, as well as his contributions to HCP, and Mr.
Anderson's role and departure date. These statements are made as of
the date hereof, are not guarantees of future events or performance
and are subject to known and unknown risks, uncertainties,
assumptions and other factors—many of which are out of HCP's and
its management's control and difficult to forecast—that could cause
actual results to differ materially from those set forth in or
implied by such forward-looking statements. These risks and
uncertainties include but are not limited to the possibility that
Mr. Johnston's anticipated start date is delayed or that he does
not join HCP at all, that Mr. Anderson's role changes or that he
departs HCP earlier than anticipated, as well as risks described
from time to time in HCP's filings with the U.S. Securities and
Exchange Commission. You should not place undue reliance on any
forward-looking statements. HCP assumes no, and hereby disclaims
any, obligation to update any of the foregoing or any other
forward-looking statements as a result of new information or new or
future developments, except as otherwise required by law.
Contact
Andrew Johns
Vice President – Finance and Investor Relations
(949) 407-0400
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SOURCE HCP, Inc.