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Sunrise Senior Living Solidifies Management Team

January 31, 2011

MCLEAN, Va., Jan. 31, 2011 /PRNewswire/ — Sunrise Senior Living, Inc. (NYSE: SRZ) today announced that Marc Richards, chief accounting officer, will succeed Julie Pangelinan as chief financial officer, and that Greg Neeb, chief investment and administrative officer, has entered into an amended and restated employment agreement.

Sunrise CEO Mark Ordan commented on the context of today’s and recent organizational filings:

“Sunrise and our board are committed to both a solidified senior management team and to an excellent but leaner organization. We recently announced my commitment to continue to serve as CEO during the coming years, and today we announced Greg Neeb’s similar commitment to work alongside me to lead the Sunrise management team as we work to continue strengthening all aspects of our operations. As part of our dual theme of an excellent and lean team, we are combining our CFO and CAO roles under the leadership of our new CFO, Marc Richards. Mark and I have worked together for years and he has served as our chief accounting officer for the last 18 months. Julie Pangelinan, who turned a very troubled operation into a smooth running machine, will be leaving Sunrise in early March.”

Additional details on these announcements can be found in the Company’s Form 8-K filed today with the Securities and Exchange Commission.

About Sunrise Senior Living

Sunrise Senior Living, a McLean, Va.-based company, employs approximately 31,500 people. As of December 31, 2010, Sunrise operated 319 communities located in the United States, Canada and the United Kingdom, with a unit capacity of approximately 31,200 units. Sunrise offers a full range of personalized senior living services, including independent living, assisted living, care for individuals with Alzheimer’s and other forms of memory loss, as well as nursing and rehabilitative services. Sunrise’s senior living services are delivered by staff trained to encourage the independence, preserve the dignity, enable freedom of choice and protect the privacy of residents. To learn more about Sunrise, please visit http://www.sunriseseniorliving.com.

SOURCE Sunrise Senior Living, Inc.


Source: newswire



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