Kenneth R. Franiak - Chief Operating Officer
Since joining WEL, Franiak was instrumental in the issuance of $38 million in investment grade variable rate demand bonds with a very low cost of capital for renovation and repositioning projects at two of WEL's retirement communities. He has reorganized the centralized financial functions into a model of operational efficiency allowing true value added services to the WEL facilities.
With nearly 20 years diverse accounting, financial management and operations experience in the health care and long term care industries, Franiak most recently served as principal and president of hospitality services company, The Prosperitas Group, where he directed financial and operations functions. Prior to that, Franiak held chief financial officer and vice president of finance positions at Lutheran Social Ministries of New Jersey, The Philadelphia Protestant Home and HomeCareUSA.
Franiak holds a master of business administration degree in finance from LaSalle University and a bachelor of arts degree in accounting from Moravian College.
