CEO Michael A. Stoller to Remain Chairman of the Board;
Danielle Breton and Timothy DuRoss Named Co-CEOs
NORWOOD, Mass. (September 24, 2024) – LCB Senior Living, LLC, a leading senior living provider based in Norwood, Massachusetts, has announced that CEO Michael A. Stoller will be stepping down effective October 1 and that current Chief Investment Officer Danielle Breton and Chief Operating Officer Timothy DuRoss have been named co-CEO’s moving forward. Mr. Stoller will remain active in the company as chairman of its board.
The move comes as LCB maintains a strong growth pattern, having acquired five new management contracts over the past year, while completing construction and opening its newest community, The Residence at Bedford. Founded in 2012, LCB owns and/or operates 41 senior living communities across Massachusetts, Connecticut, Vermont, New Hampshire, Rhode Island, New Jersey, and Pennsylvania.
“It is a bittersweet thing to step down from a role that I have loved every minute of,” said Mr. Stoller. “It gives me great peace, however, to know that I’m leaving day-to-day management in the hands of the industry’s strongest team, including an executive group that has been essentially intact from LCB’s inception.”
He continued: “I’m looking forward to staying involved through my role on the Board, both in governance and as a presence in our communities, which is something that I love.”
In a joint statement, Ms. Breton and Mr. DuRoss said: “It is a true honor and equally humbling to follow Michael Stoller in the co-CEO role. He is an industry pioneer, innovator and legend, and we owe him a huge debt as a company to honor his legacy. These are very large shoes to fill, but this is a team of enormous depth, experience and continuity, and we are well-positioned for continued success.”
Learn more about LCB Senior Living and its distinguished resident care options here.
About LCB Senior Living
LCB Senior Living is a leading senior housing provider based in Norwood, Mass. With 41 communities throughout the Northeast and Mid-Atlantic, as well as additional properties in development, LCB is the fastest-growing senior living provider in the region. Since its founding in 2012, LCB builds unique senior living settings that reflect the character of its individual communities. LCB offers independent, assisted living, and personal care services to more than 3,500 seniors and their families. In addition, the company’s renowned Reflections Memory Care program serves those living with Alzheimer’s disease and other dementias with the utmost care and compassion. Learn more about LCB Senior Living and its distinguished resident care options here.
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Ted Doyle
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