Sunrise Senior Living Appoints Glyn Aeppel and David Fuente to its Board

Category:

Tuesday, August 19, 2008 8:08 am EDT

Dateline:

MCLEAN, Va.

Public Company Information:

NYSE:
SRZ
"We announced in March that we would add two new independent directors, and we are excited to welcome Glyn and Dave to the board"

Sunrise Senior Living, Inc. (NYSE: SRZ) announced today that it has added two new independent directors to its board of directors effective August 18. Glyn Aeppel, board member and executive vice president of Acquisitions and Development of Loews Hotels and David Fuente, director and former chairman and CEO of Office Depot, Inc., have been appointed to the class of directors whose term of office expires at Sunrise's 2008 annual meeting of stockholders. Ms. Aeppel and Mr. Fuente will serve on the board's Audit Committee and Compensation Committee, respectively. With these additions, Sunrise's board consists of 11 directors, 8 of whom are independent.

"We announced in March that we would add two new independent directors, and we are excited to welcome Glyn and Dave to the board," said Lynn Krominga, Sunrise's chairman of the board. "Glyn's work in building and acquiring worldwide real estate, as well as Dave's experience in managing operationally intensive, multi-site companies, will be particularly valuable to Sunrise. We look forward to benefiting from their strategic guidance as we set a new course for the company."

Ms. Aeppel, 49, joined Loews Hotels in early 2006 as executive vice president of Acquisitions and Development and a member of their board. She leads the company's worldwide growth through corporate and asset acquisitions, joint ventures and management contracts. She also oversees select ground-up mixed-use developments and actively structures and finances the company's real estate transactions. Ms. Aeppel has more than 20 years of experience in property acquisitions, development and financing, and previously supported these areas for companies such as Fairmont Hotels and Resorts, Le Meridien Hotels and Resorts, Interstate Hotels Company, Holiday Inn Worldwide and Marriott.

Mr. Fuente, 62, served as chairman and CEO of Office Depot, Inc. from 1987, one year after the company was founded, until he retired as CEO in 2000 and as chairman in 2001. Before joining Office Depot, Mr. Fuente served for eight years at Sherwin-Williams Company as president of its Paint Stores Group and as director of Marketing for Gould, Inc. Mr. Fuente currently serves on the boards of Office Depot, Ryder System, Inc. and Dick's Sporting Goods.

About Sunrise Senior Living

Sunrise Senior Living, a McLean, Va.-based company, employs approximately 40,000 people. As of June 30, 2008, Sunrise operated 445 communities in the United States, Canada, Germany and the United Kingdom, with a combined capacity for approximately 55,000 residents. At quarter end, Sunrise also had 36 communities under construction in these countries with a combined capacity for 4,600 additional residents. 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, rehabilitative and hospice care. 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 https://www.sunriseseniorliving.com/.

First Call Analyst:
FCMN Contact: aaron.deyerle@sunriseseniorliving.com

 

 

Contact:

Investors: Lisa Mayr, Senior Vice President of Investor
Relations, +1-703-744-1787;
or Media: Meghan Lublin, Director, Corporate
Communications, +1-703-854-0299, both of Sunrise Senior Living, Inc.
Web site: https://www.sunriseseniorliving.com/

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