Omega Healthcare Investors, Inc. (NYSE: OHI) announced leadership transitions with CEO Taylor Pickett retiring October 1, 2026, and CFO Bob Stephenson retiring August 1, 2026, according to a company statement.

Matthew Gourmand, currently president, will succeed Pickett as CEO and join the board of directors. Neal Ballew, the company's chief accounting officer for six years, will replace Stephenson as CFO.

Pickett will step down from the board upon retirement after 25 years as CEO. During his tenure, the company's portfolio grew from 258 to 1,124 properties and market capitalization increased from approximately $60 million to over $15 billion.

Craig Callen, board chairman, described the changes as "the culmination of a carefully managed, multi-year succession plan." The board developed the succession plan over an extended period.

Stephenson served as CFO for 25 years and oversaw the company's achievement of investment-grade credit ratings. The company reported leverage near all-time lows and a well-structured debt maturity schedule.

Both retiring executives agreed to remain available in consulting roles after their departures. Gourmand has worked with Pickett for eight years in various roles at the company.

Omega operates as a real estate investment trust focused on long-term healthcare properties, primarily skilled nursing and assisted living facilities. The company's assets span all U.S. regions and the United Kingdom, operated through predominantly triple-net lease structures.

The leadership transition occurs as the company positions for demographic trends related to an aging population. Both outgoing executives expressed confidence in their successors' preparedness for their new roles.