Healthcare Realty Trust (NYSE:HR) announced a significant reduction in its Board of Directors from 12 to 7 members, effective June 18, 2025. Five directors - Nancy Agee, Ajay Gupta, James Kilroy, Peter Lyle, and Christann Vasquez - voluntarily retired as part of an initiative to align the board size with REIT industry standards while maintaining corporate governance best practices. The remaining board consists of Chairman Thomas Bohjalian, CEO Peter Scott, and independent directors David Henry, Jay Leupp, Constance Moore, Glenn Rufrano, and Donald Wood. The company's leadership expressed commitment to enhancing stakeholder relationships and leveraging their high-quality portfolio amid strong industry fundamentals.
Healthcare Realty Trust (NYSE:HR) ha annunciato una significativa riduzione del proprio Consiglio di Amministrazione, passando da 12 a 7 membri, a partire dal 18 giugno 2025. Cinque direttori - Nancy Agee, Ajay Gupta, James Kilroy, Peter Lyle e Christann Vasquez - si sono ritirati volontariamente nell'ambito di un'iniziativa volta ad allineare la dimensione del consiglio agli standard del settore REIT, mantenendo al contempo le migliori pratiche di governance aziendale. Il consiglio rimanente è composto dal Presidente Thomas Bohjalian, dall'Amministratore Delegato Peter Scott e dai direttori indipendenti David Henry, Jay Leupp, Constance Moore, Glenn Rufrano e Donald Wood. La leadership dell'azienda ha espresso l'impegno a rafforzare le relazioni con gli stakeholder e a valorizzare il loro portafoglio di alta qualità in un contesto di solidi fondamentali di settore.
Healthcare Realty Trust (NYSE:HR) anunció una reducción significativa en su Junta Directiva, pasando de 12 a 7 miembros, efectiva a partir del 18 de junio de 2025. Cinco directores - Nancy Agee, Ajay Gupta, James Kilroy, Peter Lyle y Christann Vasquez - se retiraron voluntariamente como parte de una iniciativa para alinear el tamaño de la junta con los estándares de la industria REIT, manteniendo las mejores prácticas de gobernanza corporativa. La junta restante está compuesta por el presidente Thomas Bohjalian, el CEO Peter Scott y los directores independientes David Henry, Jay Leupp, Constance Moore, Glenn Rufrano y Donald Wood. La dirección de la compañía expresó su compromiso de fortalecer las relaciones con los interesados y aprovechar su cartera de alta calidad en un contexto de sólidos fundamentos del sector.
Healthcare Realty Trust (NYSE:HR)는 2025년 6월 18일부터 이사회를 12명에서 7명으로 대폭 축소한다고 발표했습니다. Nancy Agee, Ajay Gupta, James Kilroy, Peter Lyle, Christann Vasquez 등 다섯 명의 이사는 REIT 업계 표준에 맞춰 이사회 규모를 조정하고 기업 지배구조 모범 사례를 유지하기 위한 이니셔티브의 일환으로 자발적으로 퇴임했습니다. 남은 이사회 구성원은 의장 Thomas Bohjalian, CEO Peter Scott, 그리고 독립 이사 David Henry, Jay Leupp, Constance Moore, Glenn Rufrano, Donald Wood로 이루어져 있습니다. 회사 경영진은 강력한 산업 기초 속에서 고품질 포트폴리오를 활용하고 이해관계자와의 관계를 강화하겠다는 의지를 표명했습니다.
Healthcare Realty Trust (NYSE:HR) a annoncé une réduction significative de son conseil d'administration, passant de 12 à 7 membres, effective à partir du 18 juin 2025. Cinq administrateurs - Nancy Agee, Ajay Gupta, James Kilroy, Peter Lyle et Christann Vasquez - ont pris leur retraite volontairement dans le cadre d'une initiative visant à aligner la taille du conseil sur les normes de l'industrie des REIT tout en maintenant les meilleures pratiques de gouvernance d'entreprise. Le conseil restant est composé du président Thomas Bohjalian, du PDG Peter Scott et des administrateurs indépendants David Henry, Jay Leupp, Constance Moore, Glenn Rufrano et Donald Wood. La direction de l'entreprise a exprimé son engagement à renforcer les relations avec les parties prenantes et à valoriser leur portefeuille de haute qualité dans un contexte de solides fondamentaux sectoriels.
Healthcare Realty Trust (NYSE:HR) hat eine bedeutende Reduzierung seines Vorstands von 12 auf 7 Mitglieder angekündigt, die ab dem 18. Juni 2025 wirksam wird. Fünf Direktoren – Nancy Agee, Ajay Gupta, James Kilroy, Peter Lyle und Christann Vasquez – sind freiwillig zurückgetreten, um die Größe des Vorstands an die Standards der REIT-Branche anzupassen und gleichzeitig bewährte Praktiken der Unternehmensführung beizubehalten. Der verbleibende Vorstand besteht aus dem Vorsitzenden Thomas Bohjalian, CEO Peter Scott sowie den unabhängigen Direktoren David Henry, Jay Leupp, Constance Moore, Glenn Rufrano und Donald Wood. Die Unternehmensführung betonte ihr Engagement, die Beziehungen zu den Stakeholdern zu verbessern und ihr hochwertiges Portfolio angesichts starker Branchenfundamente optimal zu nutzen.
Positive
Board size reduction aligns with REIT industry standards, potentially improving operational efficiency
Maintains strong corporate governance with majority independent directors
Voluntary retirement of directors indicates smooth transition without conflict
Company maintains high-quality portfolio with strong industry fundamentals
Negative
Loss of diverse perspectives and expertise with the departure of five board members
Significant reduction in board oversight capacity with 42% fewer directors
NASHVILLE, Tenn., June 23, 2025 (GLOBE NEWSWIRE) -- Healthcare Realty Trust Incorporated (NYSE:HR) (“Healthcare Realty” or the “Company”) today announced changes to its Board of Directors (“Board”), immediately reducing the size from 12 to 7 members. This reduction is part of a thoughtful effort to better align the size of the Board with other companies in the REIT industry, while maintaining the Board’s commitment to operating with best practices of corporate governance.
In support of these efforts, five directors, Nancy Agee, Ajay Gupta, James Kilroy, Peter Lyle, and Christann Vasquez voluntarily retired from the Board, effective June 18, 2025.
The Board’s independent chairman, Thomas Bohjalian said, “I would like to thank the retiring directors for their service and contributions to the Company, as well as their support and professionalism in effecting these Board changes. Each has provided valuable perspectives and insights over the years. We wish them the best in the future.”
Mr. Bohjalian added, “Our decision to reduce the size of the Board reflects our commitment to acting consistent with best practices of corporate governance. Our continuing directors remain committed to active engagement with all our shareholders and driving shareholder value.”
The Company’s President and CEO, Peter Scott said, “I look forward to working with our continuing directors to enhance our relationships with all of our stakeholders and instill a winning mentality at Healthcare Realty. With our high-quality portfolio combined with strong industry fundamentals, I am excited about what the future holds.”
Healthcare Realty’s Board now consists of seven directors, comprised of Mr. Bohjalian, Mr. Scott, and independent directors David Henry, Jay Leupp, Constance Moore, Glenn Rufrano and Donald Wood.
Healthcare Realty is a real estate investment trust (REIT) that owns and operates medical outpatient buildings primarily located around market-leading hospital campuses. The Company selectively grows its portfolio through property acquisition and development. As the first and largest REIT to specialize in medical outpatient buildings, Healthcare Realty’s portfolio includes over 640 properties totaling over 38 million square feet concentrated in 15 growth markets. Additional information regarding the Company can be found at www.healthcarerealty.com.
Forward-Looking Statements
This press release contains certain forward-looking statements with respect to the Company. Forward-looking statements are statements that are not descriptions of historical facts and include statements regarding management’s intentions, beliefs, expectations, plans or predictions of the future, 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. Because such statements include risks, uncertainties and contingencies, actual results may differ materially and in adverse ways from those expressed or implied by such forward-looking statements. Additional information concerning the Company and its business, including additional factors that could materially and adversely affect the Company’s financial results, include, without limitation, the risks described under Part I, Item 1A - Risk Factors, in the Company’s 2024 Annual Report on Form 10-K and in its other filings with the SEC.
Media Contacts: Charlie Koons / Craig Singer Brunswick Group P: 212.333.3810
Investor Contact: Ron Hubbard Vice President, Investor Relations P: 615.269.8290
FAQ
Why did Healthcare Realty (HR) reduce its board size in June 2025?
Healthcare Realty reduced its board size from 12 to 7 members to better align with REIT industry standards while maintaining corporate governance best practices.
Who are the remaining board members of Healthcare Realty (HR) after the June 2025 reduction?
The remaining board members are Chairman Thomas Bohjalian, CEO Peter Scott, and independent directors David Henry, Jay Leupp, Constance Moore, Glenn Rufrano, and Donald Wood.
Which directors retired from Healthcare Realty's board in June 2025?
Five directors voluntarily retired: Nancy Agee, Ajay Gupta, James Kilroy, Peter Lyle, and Christann Vasquez.
How many independent directors remain on Healthcare Realty's board after the June 2025 reduction?
After the reduction, Healthcare Realty maintains five independent directors on its seven-member board.
When did the Healthcare Realty board reduction take effect?
An email has been sent to your address with instructions for changing your password.
There is no user registered with this email.
Sign Up
To create a free account, please fill out the form below.
Thank you for signing up!
A confirmation email has been sent to your email address. Please check your email and follow the instructions in the message to complete the registration process. If you do not receive the email, please check your spam folder or contact us for assistance.
Welcome to our platform!
Oops!
Something went wrong while trying to create your new account. Please try again and if the problem persist, to receive support.
