Senior Lifestyle Paves the Way for Continued Growth with Executive Promotions

Chairman Bill Kaplan Resumes CEO Role

CHICAGO--(BUSINESS WIRE)-- Chicago-based Senior Lifestyle Corporation has promoted three senior managers to executive vice president, while Chairman Bill Kaplan resumes the role of chief executive officer. The changes follow John Cobb’s Nov. 12 resignation as the company’s president and CEO.

“These promotions solidify our executive team and position Senior Lifestyle for continued growth,” Kaplan said. “We are fortunate to have a strong team of senior managers. Their talent, experience and industry knowledge will enable us to make the most of opportunities to expand our portfolio, extend our management services and enhance the lifestyle we offer our residents.”

With the changes, Keven Bennema, 41, advances from chief operating officer to executive vice president/chief operating officer. Tom Danker, 56, advances from chief financial officer to executive vice president/chief financial officer. And RonnDa Peters, 51, advances from corporate director of marketing to vice president of marketing.

Bennema, who started his career in the seniors housing industry as a caregiver, now oversees operations at more than 70 Senior Lifestyle communities across the country. The portfolio includes independent and assisted living as well as rehabilitation, skilled, memory and continuing care. Previously head of operations for California-based Summerville Senior Living Services, he joined Senior Lifestyle in 2007.

Danker, a certified public accountant, oversees accounting, financial reporting, taxation, investor relations, information systems and risk management for Senior Lifestyle. He came to the company in 2007 from California-based Kisco Senior Living, where he was executive vice president and chief financial officer.

Peters oversees development of websites, brochures and advertising for Senior Lifestyle and its communities. She also directs community outreach plans, forms business partnerships, and trains sales and marketing staff for each location. Before joining Senior Lifestyle’s corporate team six years ago, she was a sales program manager with Wisconsin-based Alterra Healthcare.

Kaplan co-founded Senior Lifestyle in 1985. Under his leadership, Senior Lifestyle became the first seniors housing specialist to offer options for luxury, middle-market and affordable retirement living. President emeritus of the Chicago Department of Senior Services and past president of Meals on Wheels Chicago, he was inducted into the Chicago Association of Realtors^® Hall of Fame in 2007.

In addition to the changes in its executive team, Senior Lifestyle has promoted Adam Kaplan, 28, from corporate director of property operations to vice president of operations, and Justin Robins, 31, from director of hospitality to corporate director of capital and plant operations.

Cobb, who joined Senior Lifestyle as president and CEO in March 2008, resigned to become senior vice president and chief investment officer of Ventas, a Chicago-based healthcare real estate investment trust.

About Senior Lifestyle Corporation

Chicago-based Senior Lifestyle Corporation, founded in 1985, is a leader in the development, operation and ownership of seniors housing and the implementation of innovative programs that help seniors enjoy healthier, more fulfilling lives. With a portfolio of more than 70 communities, Senior Lifestyle offers independent living for every economic level, from luxury to mid-market to affordable. Daily services and activities are tailored to the needs and preferences of each community’s residents. For residents who require additional care, many communities also offer assisted living and skilled nursing care. Long recognized among the industry’s top companies by the American Seniors Housing Association, Senior Lifestyle was included as the 12^th-largest owner of seniors communities on National Real Estate Investor’s list of the top 50 companies in 2008. Additional information is at www.seniorlifestyle.com.

for Senior Lifestyle CorporationJeremy Hogan, 312-239-1119
[email protected]

Source: Senior Lifestyle Corporation