AlerisLife Inc. (Nasdaq: ALR) announced Jeff Leer as interim president and chief executive officer on Monday following the resignation of former President and CEO Katie Potter last week.
Leer has served as executive vice president, chief financial officer and treasurer for the company since 2019.
“Given the dynamic shifts in the senior living industry and the disruption caused by the COVID-19 pandemic, we believe that now is the right time to undertake an operational review to ensure that the company will deliver enhanced financial performance and value creation over the long term,” AlerisLife Board of Directors Chairman Adam Portnoy said in a news release regarding the leadership change.
Alerislife also announced it had contracted with consulting firm Alvarez & Marsal (A&M) to conduct an operational review of the company, with results from the study expected by the end of the second quarter. The board will not conduct a final CEO search prior to the review being completed.
In the news release, Leer said his focus will be working with the consulting group to “advance the operational review” of the company while supporting the board.
Potter resigned effective Friday, April 30, having helped the company navigate the Covid-19 pandemic.
“On behalf of the entire Board, I want to thank Katie for her years of leadership and vision at ALR and the senior living industry,” Portnoy said. “Katie’s tenure included guiding the Company through the unprecedented COVID-19 pandemic and creating a business foundation to help position ALR to service the senior living industry.”
The post Potter Resigns as AlerisLife CEO, Leer Named Interim Replacement appeared first on Senior Housing News.
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