Brookdale Senior Living (BKD, Financial) has initiated a significant leadership transition and board restructuring. The company's board of directors has launched a search for a new Chief Executive Officer following the departure of Lucinda Baier, who stepped down as President and CEO as of April 13. Concurrently, Ms. Baier has resigned from her position on the board of directors.
In addition to these leadership changes, Brookdale has appointed a new independent director to its board. Furthermore, a long-serving director has decided not to stand for reelection, signaling further shifts in the company’s governance structure. The board is also reviewing potential enhancements to its corporate governance policies as part of its efforts to strengthen leadership and oversight.
