Sunrise Senior Living names new CEO

Publish Date:

Tuesday, November 12, 2013

Category:

News Organization:

Washington Business Journal

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Sunrise Senior Living LLC has appointed veteran consumer brand developer Penny McIntyre as its next CEO, making her the first woman to lead the company and its first new chief executive since it went private in a sale/spinoff deal that closed in January.

McIntyre starts Nov. 18, replacing current CEO Mark Ordan, who brought the company back from the brink of bankruptcy and helped organize the transition to private ownership.

Most recently, McIntyre was the president of Newell RubberMaid Inc.'s consumer group, where she lead growth strategy for brands such as Rubbermaid and Sharpie. Previously, she also had long tenures in executive roles at The Coca-Cola Co. and S.C. Johnson & Son.

"Penny's expertise in leading world-class organizations to meet consumer needs reinforces Sunrise's mission to champion the quality of life for all seniors," said Bill Petty, chairman of Sunrise's board of directors. "Above all, her passion for helping others personifies Sunrise's core values and commitment to offering the highest quality care to its residents."

In a deal announced in 2012, Sunrise sold its real estate portfolio to Toledo-based Health Care REIT for $845 million, and spun off its management business to a group of investors led by Kohlberg, Kravis, Roberts & Co. LP and Beecken Petty O'Keefe & Company.

Ordan had indicated he would leave after a transition period, but had not previously announced a timeframe for his departure.

Sunrise manages 291 senior communities in the U.S., Canada and the United Kingdom.

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