NorthStar Healthcare Income, Inc. announced on February 28, 2022, Richard S. Welch resigned as member of the Board and as Chairman of the Board. The decision by Mr. Welch was not a result of any disagreement with NorthStar Healthcare on any matter relating to NorthStar Healthcare's operations, policies or practices.
In addition, on February 28, 2022, the Board appointed T. Andrew Smith as the Non-Executive Chairman of the Board and reduced the number of directors on the Board. On February 28, 2022, Neale W. Redington resigned as Treasurer of company. Following Mr. Redington's resignation, on February 28, 2022, the Board appointed Paul V. Varisano as NorthStar Healthcare's Treasurer. Mr. Varisano is also the Chief Financial Officer of NRF. Prior to the Sponsor Transaction, Mr. Varisano was a Senior Vice President of DigitalBridge.