Wheeler REIT Appoints New Chief Accounting Officer and Audit Chair Amidst CFO Search

summarizeSummary

Wheeler Real Estate Investment Trust announced several executive and board changes, including the appointment of an internal candidate as Chief Accounting Officer and Treasurer, and an existing director as Audit Committee Chair, while the search for a new CFO continues.

check_boxKey Events

• CFO Search Continues

  The company's Chief Financial Officer's last day is March 13, 2026, with a search for a new CFO underway.

• New Chief Accounting Officer & Treasurer Appointed

  Patrick Gundlach, previously Director of Financial Reporting since 2018, was appointed Chief Accounting Officer and Treasurer, effective March 14, 2026. He is a Certified Public Accountant.

• Director Resignation

  Kerry Campbell resigned from the Board of Directors, effective March 14, 2026, to focus on a subsidiary, with no disagreements cited regarding the company's operations, policies, or practices.

• Audit Committee Chair Designated

  Rebecca Musser, a current director and an 'audit committee financial expert,' was designated as Chair of the Audit Committee.

auto_awesomeAnalysis

These personnel changes provide some stability in financial leadership and governance for the micro-cap REIT. The internal promotion of a Certified Public Accountant to Chief Accounting Officer and Treasurer, coupled with an experienced director taking the helm of the Audit Committee, addresses key oversight functions. While the ongoing search for a Chief Financial Officer remains a watch item, the company appears to be shoring up its financial reporting and control functions. The director's resignation is noted as not being due to any disagreement, which is a positive signal.