The Pennant Group Reorganizes Executive Team
November 15 2022 - 4:10PM
The Pennant Group, Inc. (NASDAQ: PNTG), the parent company of the
Pennant group of affiliated home health, hospice and senior living
companies, today announced it would seek to enhance its leadership
and finance team by initiating a search for a new Chief Financial
Officer.
“As we chart the course for Pennant’s future and
continue our growth story, we are focused on investing in our
leadership in the field and Service Center. As part of this effort,
we are excited to add strength to our leadership team and deep
bench of finance and accounting talent by adding a CFO with unique
experience and perspective who will build on our solid foundation
and help drive Pennant’s growth,” said Brent Guerisoli, Pennant’s
Chief Executive Officer.
Pennant’s current CFO, Jennifer Freeman, will
serve as interim CFO during the search process, after which the
organization and Ms. Freeman intend for her to continue to play an
important leadership role on the Pennant finance team. Mr.
Guerisoli shared his appreciation for Ms. Freeman: “As Pennant’s
first Chief Financial Officer, Jenn has played a critical role in
executing the spin-off transaction, building a strong finance team
and supporting the development of our Service Center. We are
grateful to Jenn for her partnership and deep commitment to
Pennant, our core values, and future growth. We look forward to her
continued success as a leader in the organization and appreciate
her support as interim CFO during the transition period.”
The organization also announced that Derek
Bunker, who serves as Pennant’s Chief Investment Officer, Executive
Vice President and Corporate Secretary, resigned his position,
effective December 31, 2022. Mr. Guerisoli expressed gratitude for
Mr. Bunker’s positive impact on Pennant: “On behalf of the Pennant
team, I thank Derek for his significant contributions to the
Pennant story. We wish Derek all the best in his next chapter.”
John Gochnour, Pennant’s President, echoed Mr.
Guerisoli’s optimism for the future: “At our core, we are a
leadership company passionately committed to providing life
changing opportunities to our team members and life change service
to our patients and residents. Pennant’s unique operating model
emphasizes local ownership by talented operational and clinical
leaders backed by exceptional professional support from our
world-class Service Center. As we accelerate growth in our home
health and hospice segment and continue to build operational
momentum in our senior living segment, we continue to strengthen
our leadership infrastructure through disciplined investment. We
are confident in the leaders who will assume Derek’s prior
responsibilities and look forward to adding a new CFO. Our entire
leadership team will continue to be laser focused on operational
excellence and adherence to the unique operating model that has
driven our success over the last decade.”
About
Pennant:
The Pennant Group, Inc. is a holding company of
independent operating subsidiaries that provide healthcare services
through 94 home health and hospice agencies and 49 senior living
communities located throughout Arizona, California, Colorado,
Idaho, Iowa, Montana, Nevada, Oklahoma, Oregon, Texas, Utah,
Washington, Wisconsin and Wyoming. Each of these businesses is
operated by a separate, independent operating subsidiary that has
its own management, employees and assets. References herein to the
consolidated "company" and "its" assets and activities, as well as
the use of the terms "we," "us," "its" and similar verbiage, are
not meant to imply that The Pennant Group, Inc. has direct
operating assets, employees or revenue, or that any of the home
health and hospice businesses, senior living communities or the
Service Center are operated by the same entity. More information
about Pennant is available at www.pennantgroup.com.
Contact Information
The Pennant Group, Inc.(208)
506-6100ir@pennantgroup.com
SOURCE: The Pennant Group, Inc.
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