ELS Appoints Patrick Waite President and

ELS announced a leadership change on October 27, 2026. ELS promoted Patrick Waite to President and CEO effective January 1, 2027, as Marguerite Nader, CEO for 13 years, was elected Executive Vice Chair under a multi-year Board-led succession plan.

What changed

Patrick Waite was named President and Chief Executive Officer. Marguerite Nader, who served as Chief Executive Officer for the past 13 years, was elected Executive Vice Chair of the Board of Directors and will continue to provide leadership and support, the company said.

Leader: Patrick Waite
Role: President and Chief Executive Officer
Effective: January 1, 2027
Announcement date: October 27, 2026

Leadership background

Waite has held senior leadership roles at ELS since 2013, most recently as President and Chief Operating Officer after a decade as Executive Vice President and Chief Operating Officer. The company said he has extensive manufactured housing experience from prior roles at American Residential Communities, Riverside Communities, and Continental Communities.

The mandate

ELS did not list specific priorities for Waite and said the transition is part of a multi-year succession plan led by its Board of Directors. Chairman Thomas Heneghan said Waite’s operating experience, including his leadership across acquisitions and operations, prepared him to lead ELS as CEO.

Why this matters for GTM teams

Executive appointments can precede changes in strategy, operating cadence, hiring, partnerships, and technology priorities. The useful signal is not the title alone: teams should watch the new leader’s stated mandate, prior playbook, organizational scope, and the initiatives announced during the first two quarters.

Source and methodology

This leadership profile is based on the company’s announcement. Roles, transition timing, and biographical details are presented as announced; SalesTools Research does not infer undisclosed succession plans.

ELS