Capital Senior Living Corporation (the “Company”) (NYSE:CSU), one of the
country’s largest operators of senior living communities, today
announced that Carey P. Hendrickson, 51, will join the Company as Senior
Vice President and Chief Financial Officer. Mr. Hendrickson will report
to Chief Executive Officer Lawrence A. Cohen and succeeds Ralph A.
Beattie, who will retire on May 16, 2014 from his position as Executive
Vice President and Chief Financial Officer, but will continue as a
consultant to the Company until February 28, 2015.
“We are excited to have someone with Carey’s experience, financial and
business acumen joining our Company,” stated Mr. Cohen. “His 22 years of
public company experience in a multi-site geographically concentrated
media company will be a tremendous asset to our management team as we
focus our operations and growth in geographically concentrated regions.
We look forward to his joining our Company and leading our finance,
accounting, tax, treasury, investor relations and information technology
areas.” Mr. Cohen continued, “We thank Ralph for his 15 years of service
and many contributions to our Company. We wish him well upon his
retirement and are pleased he will be serving as a consultant to the
Company.”
Mr. Hendrickson has held numerous positions in finance and
administration over 22 years at Belo Corp., which owned and operated
multiple television stations and newspapers across the country. He
served as Belo’s Senior Vice President/Chief Financial Officer and a
member of Belo’s Management Committee from 2010 until the company was
sold to Gannett Co., Inc. in December 2013. Prior to that, Mr.
Hendrickson served in various roles at Belo including Senior Vice
President/Chief Accounting Officer, Vice President/Human Resources, Vice
President/Investor Relations and Corporate Communications and Vice
President/Strategic and Financial Planning.
Mr. Hendrickson is an honors graduate of both Baylor University and the
University of Texas at Arlington. He received a Bachelor of Arts in
Accounting from Baylor in 1985 and a Master of Business Administration
in Finance from the University of Texas at Arlington in 1995. Mr.
Hendrickson also earned his Certified Public Accountant designation. Mr.
Hendrickson was recruited with the assistance of Spencer Stuart, the
global executive search and leadership advisory firm.
ABOUT THE COMPANY
Capital Senior Living Corporation is one of the nation’s largest
operators of residential communities for senior adults. The Company’s
operating strategy is to provide value to residents by providing quality
senior living services at reasonable prices. The Company’s communities
emphasize a continuum of care, which integrates independent living,
assisted living, and home care services, to provide residents the
opportunity to age in place. At the end of the fourth quarter, the
Company operated 112 senior living communities in geographically
concentrated regions with an aggregate capacity of approximately 14,600
residents.
For information about Capital Senior Living, visit www.capitalsenior.com.
Copyright Business Wire 2014