IRVINE, CA—HCP's president, Justin Hutchens, is leaving the US healthcare REIT for a position across the pond. Hutchens, who joined HCP in 2015 and was promoted to president effective this past January, will become CEO of UK-based HC-One, a home care management launched in November 2011.
CIO at HCP before being promoted this past November, Hutchens will remain in his current role with the REIT through June 1 to ensure a smooth transition of his duties and to assist with HCP's first-quarter earnings announcement. HCP has initiated the process of recruiting a new CIO and has retained Russell Reynolds Associates, a leading global executive search firm.
Hutchens' promotion at HCP occurred simultaneously with that of former CFO Tom Herzog, who became CEO four months after Lauralee Martin stepped down from her position with the company. “Though we are disappointed to lose such a talented and experienced executive, we are fortunate that Justin has helped build a strong operational infrastructure within HCP, backed by a deep pool of talent, that positions us well for future growth,” says executive chairman Mike McKee, who served as interim CEO following Martin's departure. “We look forward to continuing to work with Justin, both through the transition and in his new role at our client HC-One, and we wish him every success.”
Hutvhens says that although the opportunity to become the CEO of HC-One is “exceptionally exciting to me, this was nonetheless a difficult decision given my extremely rewarding experience at HCP. I've been fortunate to work with a management team and Board of Directors of exceptionally high caliber, and I believe HCP's portfolio has been repositioned to achieve great success. I'm proud of my contributions and remain highly confident in HCP's growth prospects moving forward.”
Created by a partnership between Court Cavendish, which specializes in operational and financial turnarounds for health and social care providers, and care home property company NHP, HC-One operates care homes across the UK. It's among the largest independent operators in the sector, providing services that encompass dementia, nursing, residential and specialist care.
IRVINE, CA—HCP's president, Justin Hutchens, is leaving the US healthcare REIT for a position across the pond. Hutchens, who joined HCP in 2015 and was promoted to president effective this past January, will become CEO of UK-based HC-One, a home care management launched in November 2011.
CIO at HCP before being promoted this past November, Hutchens will remain in his current role with the REIT through June 1 to ensure a smooth transition of his duties and to assist with HCP's first-quarter earnings announcement. HCP has initiated the process of recruiting a new CIO and has retained Russell
Hutchens' promotion at HCP occurred simultaneously with that of former CFO Tom Herzog, who became CEO four months after Lauralee Martin stepped down from her position with the company. “Though we are disappointed to lose such a talented and experienced executive, we are fortunate that Justin has helped build a strong operational infrastructure within HCP, backed by a deep pool of talent, that positions us well for future growth,” says executive chairman Mike McKee, who served as interim CEO following Martin's departure. “We look forward to continuing to work with Justin, both through the transition and in his new role at our client HC-One, and we wish him every success.”
Hutvhens says that although the opportunity to become the CEO of HC-One is “exceptionally exciting to me, this was nonetheless a difficult decision given my extremely rewarding experience at HCP. I've been fortunate to work with a management team and Board of Directors of exceptionally high caliber, and I believe HCP's portfolio has been repositioned to achieve great success. I'm proud of my contributions and remain highly confident in HCP's growth prospects moving forward.”
Created by a partnership between Court Cavendish, which specializes in operational and financial turnarounds for health and social care providers, and care home property company NHP, HC-One operates care homes across the UK. It's among the largest independent operators in the sector, providing services that encompass dementia, nursing, residential and specialist care.
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