NorthStar Healthcare Income, Inc. announced that on November 23, 2020, Justin Chang, the Chairman of the board of directors of the company, delivered a Notice of Resignation to NorthStar Healthcare resigning as a member of the Board and as Chairman of the Board effective immediately. In addition, on November 25, 2020, the Board appointed Richard S. Welch as a member of the Board to fill the vacancy created by Mr. Chang’s resignation and appointed Mr. Welch as Chairman of the Board, effective immediately. Richard S. Welch is the Managing Director, Head of Healthcare at Colony Capital, Inc., NorthStar Healthcare’s sponsor. Mr. Welch re-joined the Sponsor in 2005 and, over his tenure at the Sponsor, has been responsible for managing certain financial and operational aspects of the Sponsor’s investment portfolio and operating businesses. Prior to joining the Sponsor, Mr. Welch was a Vice President in the Investment Banking Division of Goldman, Sachs & Co., focusing on mergers and acquisitions and debt and equity financings for companies in the real estate, retail, and consumer product industries. Mr. Welch has also served as an independent director and member of the audit and compensation committees of BBQ Holdings, Inc. since May 2018 and a director of Griffin-American Healthcare REIT IV, Inc. since January 2018.