Ventas Inc., a healthcare and seniors housing REIT based in Chicago, announced two key appointments to its senior leadership team. Bhavana Devulapally has been named chief information officer (CIO) and senior vice president while Juan Sanabria will serve as vice president, investor relations. Both roles report to the company’s executive vice president and chief financial officer, Robert (Bob) F. Probst.
“Bhavana and Juan are proven talents who will elevate Ventas’s performance, enhance our capabilities and drive our continued success,” Probst said. “They join Ventas’s outstanding cadre of leaders committed to Ventas’s performance, and we welcome them to our collaborative team.”
As Ventas CIO, Devulapally will lead the Ventas technology team, overseeing the development and implementation of strategy for the company’s information systems, infrastructure, cyber security and data analytics in support of Ventas’ rapidly evolving business growth, commercial success and market reputation.
With more than 25 years of experience in the field of information technology, Devulapally joins Ventas from Hyatt Hotels Corporation where she has spent the last 12 years driving transformational change through technology. In her most recent role, she was responsible for application management and support of enterprise-wide systems, led a team of 150+ employees and had responsibility for global service desk support for more than 100,000 employees. Bhavana received a dual BS degree in economics from the Wharton School of Business, and in systems engineering from the School of Engineering and Applied Sciences, both at the University of Pennsylvania.
Sanabria will act as the company’s principal liaison with the equity market and analysts. His responsibilities include frequent and transparent communication of Ventas’s strategy, performance and prospects to the market. This expansion of resources in the area of investor relations represents the company’s continued commitment to serving this key constituency with excellence and integrity.
A well-regarded “sell-side” analyst, Sanabria joins Ventas from Bank of America Merrill Lynch where he served as director of equity research covering multiple real estate asset classes, including the healthcare REITS. He has been recognized as a key player on one of the top-rated REIT research teams by Institutional Investor and brings deep experience and strong relationships with to the company’s investor base. Sanabria has business experience in the United States and internationally, and received his B.S. in economics from the University of Pennsylvania’s Wharton School of Business.
