NASHVILLE, Tenn., March 1, 2016 /PRNewswire/ -- Brookdale
Senior Living Inc. (NYSE: BKD) today announced that Mark Ohlendorf, the Company's President, will
step down effective March 18, 2016,
and that Kristin Ferge, the
Company's Executive Vice President and former Chief Accounting
Officer and Treasurer, will step down effective March 11, 2016. Upon the effective date of
Mr. Ohlendorf's departure from the Company, Andy Smith, Brookdale's CEO, will assume the
role of President and Chief Executive Officer.
Mr. Smith said, "As we've worked through the transition process
following the hiring of Labeed Diab
as our new Chief Operating Officer and Cindy Baier as our new Chief Financial Officer
late last year, we have continued to refine our thinking regarding
the organizational structure necessary to position us for future
growth and success. As a result of that review, we have
determined that it is best to move most of the functions currently
reporting to Mark and Kristin to the organizations headed by Labeed
and Cindy."
Mr. Diab will assume oversight of the Company's service
alignment and owner relations functions, and Ms. Baier will assume
oversight of the Company's pricing, revenue cycle management and
analytics initiatives. Mr. Smith will assume oversight of the
Company's corporate development function and strategy and
innovation initiatives.
Mr. Ohlendorf has served in a variety of executive leadership
roles for Brookdale and one of its predecessor companies since
1997, including service as Brookdale's Chief Financial Officer from
March 2007 until November 2015.
Ms. Ferge joined one of Brookdale's predecessors in 1998 and
has served as an Executive Vice President of Brookdale since
August 2005 and as Chief Accounting
Officer from July 2014 through
January 2016.
"On behalf of our Board and everyone at Brookdale, I want to
express our sincere thanks to Mark and Kristin for their tremendous
leadership over the years" said Mr. Smith. "They are talented and
dedicated leaders who have made many valuable contributions to our
company, and we wish them all the best."
About Brookdale Senior Living
Brookdale Senior Living
Inc. is the leading operator of senior living communities
throughout the United States. The Company is committed to
providing senior living solutions primarily within properties that
are designed, purpose-built and operated to provide the
highest-quality service, care and living accommodations for
residents. Currently Brookdale operates independent living,
assisted living, and dementia-care communities and continuing care
retirement centers, with approximately 1,123 communities in 47
states and the ability to serve approximately 108,000
residents. Through its ancillary services program, the
Company also offers a range of outpatient therapy, home health,
personalized living and hospice services. Brookdale's stock
is traded on the New York Stock Exchange under the ticker symbol
BKD.
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SOURCE Brookdale Senior Living Inc.