Sunrise Announces Overhead Downsizing Plan
Expects to Achieve
Announces Chief Financial Officer Transition
“We continue to work on a number of fronts to strengthen the financial position of Sunrise,” said
The Company’s plan for downsizing its overhead is designed to reduce non-care related corporate expenses by reorganizing Sunrise’s corporate cost structure, including through a reduction in spending related to administrative processes, vendors and consultants.
As part of the Sunrise’s overhead downsizing plan, Mr. Nadeau’s employment with
“This is a win-win. I have worked with Rick throughout my
Ms. Pangelinan joined
Further details concerning the overhead downsizing plan and CFO transition will be contained in a Form 8-K to be filed by
Sunrise Senior Living, a
Certain matters discussed in this press release may be forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Although
SOURCE Sunrise Senior Living, Inc.