Watermark Retirement Communities Executive and Leadership Team

July, 2026

Leadership Overview

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

Driven by a commitment to exceptional senior living, Watermark Retirement Communities provides independent living and skilled nursing services across its facilities, focusing on enhancing resident well-being and community engagement.

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 strategy and vision for the organization. Overseeing all facets of the business, the Chief Executive Officer ensures alignment with the company's mission of providing high-quality independent living and skilled nursing services. This leadership role involves driving growth initiatives and maintaining operational excellence across all retirement facilities. By fostering a culture of innovation and resident-centric care, Paul Boethel significantly impacts the company's market position and long-term sustainability. The Chief Executive Officer's guidance ensures the continued expansion and success of Watermark Retirement Communities in the senior living sector, focusing on enhancing the lives of residents through dedicated service and strategic development.
    Paul Boethel

    Eric Spencer - Chief Financial Officer

    Eric Spencer, the Chief Financial Officer at Watermark Retirement Communities, manages all financial operations and fiscal strategy. Overseeing budgeting, forecasting, and financial reporting, the Chief Financial Officer ensures the fiscal health and stability of the organization. This critical role involves managing investments, securing capital, and optimizing financial performance to support the company's expansion and service delivery. By implementing robust financial controls and driving efficiency, Eric Spencer directly contributes to the company's ability to offer comprehensive independent living and skilled nursing services. The Chief Financial Officer's expertise is vital in navigating the financial landscape of the senior care industry, ensuring sustainable operations and maximizing shareholder value for Watermark Retirement Communities.
    Eric Spencer

    Karen Mlawsky - Chief Operating Officer

    Karen Mlawsky, the Chief Operating Officer at Watermark Retirement Communities, oversees the day-to-day operations of all retirement facilities. Directing the execution of service delivery for independent living and skilled nursing, the Chief Operating Officer ensures consistent quality and resident satisfaction across the portfolio. This position involves optimizing operational workflows, managing resources effectively, and implementing best practices in senior care management. By focusing on operational efficiency and service excellence, Karen Mlawsky enhances the resident experience and supports the company's growth objectives. The Chief Operating Officer's leadership is fundamental to maintaining the high standards of care that define Watermark Retirement Communities, driving operational success and fostering a supportive environment for residents and staff.

    Sheila Donahoe - Chief Administrative Officer (CAO)

    Sheila Donahoe, the Chief Administrative Officer (CAO) at Watermark Retirement Communities, leads critical administrative functions supporting the organization's mission. Overseeing human resources, legal affairs, and corporate governance, the Chief Administrative Officer (CAO) ensures compliance and operational integrity. This role is essential for cultivating a positive work environment and managing the complex regulatory landscape of senior living facilities. By developing and implementing effective administrative policies, Sheila Donahoe supports the seamless delivery of independent living and skilled nursing services. The Chief Administrative Officer (CAO)'s strategic oversight provides a stable foundation for Watermark Retirement Communities, enabling the company to focus on resident care and community development.
    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).