Watermark Retirement Communities Executive and Leadership Team

August, 2026

Leadership Overview

Watermark Retirement Communities has 4 executives leading key functions including strategy, operations, finance, and administration.

Committed to excellence in senior care, Watermark Retirement Communities delivers high-quality independent living and skilled nursing services across the United States to enhance resident well-being.

Leadership Roles at Watermark Retirement Communities

  • Chief Executive Officer - Paul Boethel
  • Chief Financial Officer - Eric Spencer
  • Chief Operating Officer - Karen Mlawsky
  • Chief Administrative Officer (CAO) - Sheila Donahoe
  • Paul Boethel - Chief Executive Officer

    Paul Boethel, the Chief Executive Officer at Watermark Retirement Communities, directs the overarching strategic vision for the organization. Overseeing the expansion of independent living and skilled nursing facilities, the Chief Executive Officer ensures alignment with long-term growth objectives. Paul Boethel architects high-level partnerships to strengthen the market position of the company across North American regions. By evaluating performance metrics and operational efficiency, the Chief Executive Officer maintains rigorous standards of care. This leadership role involves constant collaboration with the Board to refine service delivery models. Through proactive management of the corporate portfolio, the Chief Executive Officer drives sustainable development. The executive maintains a focus on innovation within the retirement sector, ensuring that the organization remains a leader in senior living solutions. Ultimately, the Chief Executive Officer secures the future trajectory of the company through disciplined execution of corporate goals.
    Paul Boethel

    Eric Spencer - Chief Financial Officer

    Eric Spencer, the Chief Financial Officer at Watermark Retirement Communities, manages the fiscal health and capital allocation strategies of the organization. Overseeing financial planning, budgeting, and reporting, the Chief Financial Officer ensures the long-term stability of the company. Eric Spencer architects investment strategies to support the expansion of independent living and skilled nursing facilities. By analyzing market trends and economic indicators, the Chief Financial Officer provides critical guidance to the executive team regarding resource distribution. This leadership role involves maintaining strong relationships with investors and financial institutions to secure necessary funding for growth. Through rigorous oversight of financial controls, the Chief Financial Officer mitigates risk and maximizes profitability. The executive maintains a focus on fiscal transparency, ensuring that all financial operations align with the broader corporate objectives. Ultimately, the Chief Financial Officer drives the financial success of the company through precise management of assets and liabilities.
    Eric Spencer

    Karen Mlawsky - Chief Operating Officer

    Karen Mlawsky, the Chief Operating Officer at Watermark Retirement Communities, manages the daily operational workflows across all retirement facilities. Overseeing the delivery of independent living and skilled nursing services, the Chief Operating Officer optimizes facility performance to ensure resident satisfaction. Karen Mlawsky implements standardized protocols to improve operational efficiency throughout the national network. By coordinating with regional directors, the Chief Operating Officer monitors service quality and compliance with industry regulations. This leadership role involves streamlining internal processes to support the growth of the company. Through the application of data-driven insights, the Chief Operating Officer enhances the effectiveness of care programs. The executive maintains a focus on operational excellence, ensuring that every facility meets the high standards expected by residents. Ultimately, the Chief Operating Officer drives the successful execution of the company mission by fostering a culture of accountability and continuous improvement.

    Sheila Donahoe - Chief Administrative Officer (CAO)

    Sheila Donahoe, the Chief Administrative Officer (CAO) at Watermark Retirement Communities, directs the internal infrastructure and administrative functions that support the organization. Overseeing human resources, corporate policy, and organizational development, the Chief Administrative Officer (CAO) ensures that the company maintains a high-performing workforce. Sheila Donahoe architects programs to improve employee engagement and retention across all retirement facilities. By streamlining administrative processes, the Chief Administrative Officer (CAO) enhances the overall efficiency of the corporate office. This leadership role involves coordinating with other C-suite members to ensure that administrative support aligns with the strategic goals of the company. Through the implementation of robust management systems, the Chief Administrative Officer (CAO) fosters a culture of excellence and compliance. The executive maintains a focus on organizational health, ensuring that the company possesses the necessary resources to deliver superior care. Ultimately, the Chief Administrative Officer (CAO) drives operational stability through effective management of internal assets.
    Sheila Donahoe

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    Frequently Asked Questions Regarding Watermark Retirement Communities Top Executives and Leadership Team

    Who leads Watermark Retirement Communities?
    Watermark Retirement Communities is led by Paul Boethel (Chief Executive Officer), along with executives such as Eric Spencer (Chief Financial Officer) and Karen Mlawsky (Chief Operating Officer).
    Who is part of Watermark Retirement Communities’s executive team?
    The executive team of Watermark Retirement Communities includes leaders such as Paul Boethel (Chief Executive Officer), Eric Spencer (Chief Financial Officer), Karen Mlawsky (Chief Operating Officer) and other senior executives.
    How many executives does Watermark Retirement Communities have?
    Watermark Retirement Communities has 4 executives leading key business areas.
    What roles are included in Watermark Retirement Communities’s leadership team?
    The leadership team of Watermark Retirement Communities includes roles such as Chief Executive Officer, Chief Financial Officer, Chief Operating Officer, Chief Administrative Officer (CAO).