MCLEAN, Va., Nov. 8, 2012 /PRNewswire/ -- Sunrise Senior
Living (NYSE: SRZ) announced today that Mark Ordan, the Company's chief executive
officer, and Greg Neeb, its chief
administrative and investment officer, will transition from their
roles following the close of the Company's anticipated sale, which
is expected in early 2013. Mr. Ordan has agreed to remain with the
Company as CEO for up to a year following the completion of the
proposed merger with Health Care REIT. David Haddock, general counsel, will also
transition from his position in 2013.
Mark Ordan and Sunrise's founder
and chairman, Paul Klaassen, are
both expected to serve on the Sunrise board after the closing of
the anticipated sale.
Mr. Ordan commented: "I am excited to continue to serve as CEO
as Sunrise transitions to new leadership. Greg Neeb and I formed a management team during
the past years that we are most proud of. We are happy that we have
restored Sunrise's strength, delivered superior shareholder
returns, and are placing the company in the very strong hands of
the new investor group. Our mission of championing quality of life
for all seniors, created more than 30 years ago by Paul and Terry Klaassen, will continue to guide
all we do."
About Sunrise Senior Living
Sunrise Senior Living, a McLean,
Va.-based company, employs approximately 31,600 people. As
of September 30, 2012, Sunrise
operated 303 communities located in the
United States, Canada and
the United Kingdom, with a unit
capacity of approximately 29,400 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.
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Contact:
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Meghan
Lublin
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Corporate Communications
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(703)
854-0299
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SOURCE Sunrise Senior Living, Inc.