January 9, 2019
DALLAS–Capital Senior Living Corporation (NYSE: CSU), one of the nation’s largest operators of senior housing communities, announced that its Board of Directors has appointed accomplished health care executive Kimberly S. Lody as President and Chief Executive Officer, effective immediately. Lody, a CSU Director since 2014, will continue to serve on the Company’s Board of Directors, and succeeds Lawrence A. Cohen, who retired at the end of 2018.
Lody, 53, brings to Capital Senior Living more than 25 years of expertise in multi-site health care marketing, sales, and operational management. Most recently, she was President of GN Hearing North America, part of the medical device division of the GN Group, a global leader in intelligent audio solutions for medical, professional, and consumer markets. At GN Hearing she led seven consecutive years of above-market growth and expansion across multiple channels and brands. In addition to accelerating growth, Lody’s expertise includes M&A, investor relations, and commercial excellence.
“After a thorough and thoughtful search process, the Board of Directors unanimously selected Kim to lead Capital Senior Living as its next CEO,” said Michael Reid, Chairman of the Board. “Kim is a proven leader with a strong track record of building high-performing teams that deliver results. Her significant operational expertise and sales, marketing and business development experience in the healthcare industry make her an ideal fit to accelerate the Company’s strategy. As a member of the Board since 2014, Kim is deeply familiar with Capital Senior Living’s business and has been pivotal in our efforts to refine our strategy and strengthen our financial position.
“Furthermore, her involvement on a three person executive committee of the Board, established in August 2018 following the announcement of Larry Cohen’s retirement and tasked to oversee the development of the Company’s strategic and operational direction during the transition period, has positioned Kim to hit the ground running as Capital Senior Living’s new CEO,” Reid added. “The Board and I are confident that Kim is the right leader to move Capital Senior Living forward as we seek to enhance operational execution and position the Company to deliver profitable growth and shareholder value creation.”
“Capital Senior Living is an industry leader with a strong reputation for providing senior residents with an enriched lifestyle and high-quality care,” said Lody. “I am honored to lead the Company at this pivotal moment in its history. As CEO, my priorities will include improving the Company’s operating performance, driving occupancy growth, stabilizing rates and strengthening its financial position, while continuing to provide the highest quality of care in all of our communities. I look forward to working with our strong management team and talented employees to execute with focus and urgency on our operational improvement plans to best position Capital Senior Living to deliver enhanced value for our residents, partners, employees and shareholders.”
Capital Senior Living Corporation operates 129 senior housing communities in geographically concentrated regions with an aggregate capacity of approximately 16,500 residents.