The leadership at Brookdale Senior Living Inc. (NYSE: BKD) has undergone changes in order to improve efficiency. Based on its early, unaudited results, the company also announced certain adjustments to its full-year financial estimates for 2022. The company’s year-end accounting and financial reporting processes and reviews, as well as the conclusion of the annual audit, will be finalised after which the updated expectations will be revised. The updated expectations are based on management’s estimates derived from the information available at this time.
Changes in Leadership
Steven E. Swain, the executive vice president and chief financial officer of Brookdale, will leave his position on February 24, 2023.
According to Lucinda (“Cindy”) Baier, President and CEO of Brookdale, “Brookdale is a learning organisation that continues to improve efforts to better support and service our residents, associates, and shareholders.” “With our strong 2022 top-line growth, we have proven that our growth plan works. We have made significant progress this week at streamlining our business to increase productivity and better balance our costs and revenues.”
At the same time, Dawn L. Kussow, senior vice president and chief accounting officer of the business, will be promoted to executive vice president and CFO. She will continue to be the company’s chief accounting officer as well.
The Company’s West and East Divisions will continue to be run by Divisional Vice Presidents Laura E. Fischer and Benjamin J. Ricci, who will now each report directly to Ms. Baier.
With effect from January 12, 2023, Kevin W. Bowman’s position as Executive Vice President of Community Operations at Brookdale was terminated.
Chief Sales Officer Richard (“Rick”) R. Wigginton has received a promotion.
Additional corporate and field optimizations that have just lately been put into place coincide with these changes in leadership.
According to Ms. Baier, “I applaud Steve and Kevin for their leadership and dedication to Brookdale over the years. “I am convinced they will continue to give good leadership and encourage improved performance because of Dawn’s remarkable track record, Rick’s obvious success, and Laura and Ben’s extensive operational knowledge.”
- Brookdale Senior Living alters its management and outlines its financial projections
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