Watermark Retirement Communities Executive and Leadership Team

September, 2026

Leadership Overview

Watermark Retirement Communities has 4 executives leading key functions including strategy, financial oversight, operational management, and administrative governance.

Committed to excellence in senior living, Watermark Retirement Communities delivers high-quality independent living and skilled nursing services while fostering vibrant, supportive environments for residents across the United States.

Leadership Roles at Watermark Retirement Communities

  • Chief Executive Officer - Paul Boethel
  • Chief Financial Officer - Tom Penna
  • Chief Operating Officer - Jeff Slichta
  • Chief Administrative Officer (CAO) - Sheila Donahoe
  • Paul Boethel - Chief Executive Officer

    Paul Boethel, the Chief Executive Officer at Watermark Retirement Communities, directs the overarching corporate strategy and long-term vision for the organization. By aligning independent living and skilled nursing services with evolving market demands, the Chief Executive Officer ensures consistent growth across all facilities. Paul Boethel maintains direct oversight of executive leadership initiatives, fostering a culture of excellence and resident-centered care. This leadership role involves constant collaboration with the Board to secure capital investments and expand the national footprint of the company. Through rigorous analysis of industry trends, the Chief Executive Officer optimizes service delivery models to maintain competitive advantages. By prioritizing operational efficiency and high standards of care, Boethel drives the organization toward sustainable success. The Chief Executive Officer remains focused on enhancing the quality of life for residents while simultaneously maximizing value for stakeholders through strategic expansion and operational refinement.
    Paul Boethel

    Tom Penna - Chief Financial Officer

    Tom Penna, the Chief Financial Officer at Watermark Retirement Communities, manages the fiscal health and capital allocation strategies for the entire organization. Overseeing complex financial reporting and budgeting processes, the Chief Financial Officer ensures the stability of independent living and skilled nursing operations. Tom Penna directs the financial planning required to support facility upgrades and regional growth initiatives. This leadership role involves constant monitoring of economic indicators to mitigate risks and identify new investment opportunities. By maintaining transparent communication with the Board and executive leadership, the Chief Financial Officer secures the necessary resources for long-term infrastructure development. Penna optimizes revenue cycles and cost structures to improve overall profitability. Through precise financial modeling and strategic asset management, the Chief Financial Officer supports the mission of providing premium senior care. Penna remains dedicated to maintaining the fiscal integrity required for the continued expansion of the company across diverse markets.

    Jeff Slichta - Chief Operating Officer

    Jeff Slichta, the Chief Operating Officer at Watermark Retirement Communities, manages the daily execution of independent living and skilled nursing services across all facilities. Overseeing regional operations and staff performance, the Chief Operating Officer ensures that every community meets rigorous quality standards and regulatory requirements. Jeff Slichta directs the implementation of standardized care protocols to enhance resident experiences and operational efficiency. This leadership role involves constant coordination with facility managers to streamline service delivery and optimize resource utilization. By focusing on operational excellence, the Chief Operating Officer drives improvements in resident satisfaction and staff retention. Slichta monitors key performance indicators to identify areas for process refinement and service innovation. Through effective management of day-to-day activities, the Chief Operating Officer supports the broader strategic goals of the organization. Slichta remains committed to maintaining high-quality care environments that define the reputation of the company in the senior living sector.
    Jeff Slichta

    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, compliance, and corporate policy, the Chief Administrative Officer (CAO) ensures that all business units operate within legal and ethical frameworks. Sheila Donahoe manages the organizational systems required to maintain high standards in independent living and skilled nursing facilities. This leadership role involves constant collaboration with other C-suite members to align administrative processes with strategic growth objectives. By optimizing internal workflows and communication channels, the Chief Administrative Officer (CAO) improves overall organizational agility. Donahoe leads initiatives to enhance corporate culture and professional development for staff members across all regions. Through meticulous oversight of administrative operations, the Chief Administrative Officer (CAO) provides the foundation for consistent service delivery. Donahoe remains focused on building robust systems that support the long-term mission and operational success of the company.
    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 Tom Penna (Chief Financial Officer) and Jeff Slichta (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), Tom Penna (Chief Financial Officer), Jeff Slichta (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).