Mark S. Ordan to Become CEO, Board Member
MCLEAN, Va., July 16 /PRNewswire-FirstCall/ -- Sunrise Senior Living, Inc. (NYSE: SRZ) today announced that Paul J. Klaassen, its founder and chief executive officer of 27 years, will become Sunrise's non-executive chairman of the board and transition from his role as CEO, effective at the next annual meeting of Sunrise shareholders expected to take place in November 2008. At that time, Mark S. Ordan, Sunrise's chief investment and administrative officer, will become CEO. Mr. Ordan has also joined Sunrise's board of directors, effective July 15, 2008. When Mr. Klaassen becomes chairman, Lynn Krominga, the current chairman of the board, will become lead independent director.
As chairman, Mr. Klaassen will serve as an active champion of Sunrise's mission, culture and values. He will continue to support the Company, Mr. Ordan and the board by focusing on key areas including public policy advocacy, product design, leadership training and visiting Sunrise communities.
Mr. Klaassen, who, with his wife Terry, founded Sunrise in 1981, has led the Company from a single community in the Washington suburbs to become the largest global senior living provider with nearly 500 communities open and under construction with a resident capacity for 59,000 and a staff of more than 40,000. The company is known for pioneering new models of senior living such as assisted living and innovative memory care services.
"Throughout my 27 years of leading Sunrise, I have been privileged to
see our passion for improving quality of life for seniors fuel our growth
from a single community to a thriving organization that has truly helped
change the way seniors are served. I've known Mark Ord
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| SOURCE Sunrise Senior Living, Inc. Copyright©2008 PR Newswire. All rights reserved |