Five Star Senior Living Inc. Names Adam D. Portnoy as Managing Director
Five Star Senior Living Inc. (Nasdaq: FVE) today announced that Adam D. Portnoy has been elected as a Managing Director of FVE
effective March 20, 2018 to fill a vacancy on the Board.
Mr. Portnoy (age 47) is the Managing Director, President and Chief Executive Officer of The RMR Group Inc. (Nasdaq: RMR) and
President and Chief Executive Officer of The RMR Group LLC. Mr. Portnoy also is the sole Trustee and an owner of ABP Trust, whose
wholly owned subsidiary owns approximately 36% of FVE’s outstanding common stock. Mr. Portnoy also serves on the boards of other
publicly traded companies managed by The RMR Group LLC. Prior to joining RMR in 2003, Mr. Portnoy held various positions in the
finance industry and public sector, including working as a banker at Donaldson, Lufkin & Jenrette and ABN AMRO, working in
private equity at the International Finance Corporation (a member of The World Bank Group) and DLJ Merchant Banking Partners, as
well as founding and serving as Chief Executive Officer of a telecommunications company. Mr. Portnoy currently serves as the
Honorary Consul General of the Republic of Bulgaria to the Commonwealth of Massachusetts, and he was formerly a member of the Board
of Trustees of Occidental College and the Board of Governors of the National Association of Real Estate Investment Trusts.
Five Star Senior Living Inc. is a senior living and healthcare services company that owns, leases and manages senior living
communities, including primarily private pay independent and assisted living communities located throughout the U.S. FVE is
headquartered in Newton, Massachusetts.
Five Star Senior Living Inc.
Brad Shepherd, 617-796-8245
Director, Investor Relations
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