December 27, 2016
DALLAS–Capital Senior Living Corporation (the “Company”) (NYSE:CSU), one of the nation’s largest operators of senior housing communities, announces with great sadness the loss of Keith Johannessen, President and Chief Operating Officer and a member of the Company’s Board of Directors. Mr. Johannessen passed away on Tuesday, December 20, 2016 following a courageous battle with cancer.
“Keith was a tireless mentor, leader and friend who has been a part of the Capital Senior Living family since 1993, and he will be greatly missed,” said Lawrence A. Cohen, Chief Executive Officer of the Company. “His empowering leadership, vision and compassion were instrumental in the transformation of Capital Senior Living into one of the largest owners and operators of senior living communities in the country. I had the good fortune of working with Keith for more than 20 years and witnessed firsthand the enormous impact he had on mentoring and developing the finest team in our industry. We will continue his legacy of compassionately serving and caring for our senior residents. On behalf of our Board of Directors, executive management team and employees, my deepest condolences go out to Keith’s family.”
Mr. Johannessen had more than 37 years of operational experience in senior housing. He joined Capital Senior Living in 1993 as an Executive Vice President and served as the Company’s President since 1994 and Chief Operating Officer since 1999. He had been a member of Capital Senior Living’s Board of Directors since 1999. Prior to joining Capital Senior Living, Mr. Johannessen worked as Senior Manager in the health care practice of Ernst & Young LLP and served on the State of the Industry and Model Assisted Living Regulations Committees of the American Seniors Housing Association.
As previously announced, Mr. Johannessen has been on medical leave and his duties have been assigned to various executives within the Company.