November 23, 2015 – Heidrick & Struggles has placed Labeed Diab as chief operating officer and Lucinda Baier as chief financial officer of Brookdale Senior Living.
Mr. Diab will have responsibility for all aspects of operations, including community and field operations, marketing and sales. He has served in operational leadership roles for the Walmart U.S. division of Wal-Mart Stores since 2009, most recently serving as its president of health and wellness, and prior to that serving as its Midwest division president and general manager. He previously served as regional VP of Aramark’s Healthcare Division and as regional VP for Rite Aid Corporation.
Ms. Baier will be in charge of the company’s accounting, finance, tax, financial reporting and treasury functions. She has more than 15 years of executive leadership experience in accounting, taxation, finance and treasury functions, most recently serving as EVP and CFO of Navigant Consulting, a specialized global expert services firm, since 2013. Prior to that, she was CFO and chief administrative officer of Central Parking System. Ms. Baier also previously served as CFO of Movie Gallery, Inc. and as CFO of World Kitchen, LLC.
“I am excited to welcome Labeed and Cindy, who bring decades of executive experience in large organizations with complex multi-site businesses, to help lead our organization,” said Andy Smith, CEO. “Labeed’s mix of retail and health and wellness operational leadership experience is uniquely suited for Brookdale, and we will rely on his expertise to create stockholder value through improvements to our operational effectiveness. Cindy brings to Brookdale extensive financial and strategic experience in a diverse set of industries. We will count on her leadership as we work to leverage our opportunities to create value and achieve long-term growth.”
Brookdale Senior Living is an operator of senior living communities throughout the U.S. The company provides senior living solutions primarily within properties that are designed, purpose-built and operated to provide the highest-quality service, care and living accommodations for residents.
Healthcare is among the most rapidly growing employment fields. The increasing number of people insured through the Affordable Care Act has created additional demand for health service. The industry is in the midst of a turbulent transformation, making the need for proven and experienced boards and executive teams with vision more important than ever.
Heidrick & Struggles’ healthcare and life sciences search practice operates as one integrated global team. Its recruiters execute more than 400 healthcare and life sciences engagements annually and serve a variety of public and private companies from early stage start-ups to large public companies.
Contributed by Dale M. Zupsansky, Managing Editor, Hunt Scanlon Media