(Alexandria, Va.)—Argentum announced today that Pat Mulloy, managing director, Commodore Capital, LLC was elected to serve as the new chairman of the Argentum Board of Directors. Most recently, he served as vice chairman on the board.
A foundational architect of the business model and mission of today’s senior living and “passionately committed to this industry,” Mulloy practiced law for 20 years before founding Atria Senior Living, where he was president and CEO from 1996 to 2000; becoming CEO of LifeTrust America from 2001 to 2004; and leading Elmcroft Senior Living, as CEO from 2006 to 2018.
“Over the past 24 years, it has been my good fortune to help build and lead three senior housing companies. I look forward to helping Argentum navigate these challenging times,” Mulloy said.
“At the end of the day, I am a ‘glass-is-half-full’ guy,” Mulloy continued. “Without question, our industry’s future is bright, notwithstanding the current virus. Our industry’s creativity and ingenuity will help us build even better communities for our residents—communities that afford access to reliable, high-quality services to live an engaged life.”
Randy Richardson, president, Vi, will continue to serve as vice chairman. New officer elections include: vice chairman Kai Hsiao, CEO, Eclipse Senior Living, and formerly treasurer; treasurer Sarabeth Hanson, president and CEO, Harbor Retirement Associates, and formerly on the board; Secretary Chris Winkle, CEO, Sunrise Senior Living, and formerly public policy committee co-chair; public policy committee co-chairs Joel Nelson, president and CEO, Life Care Services LLC, and formerly on the board, and Katie Potter, president and CEO, Five Star Senior Living, formerly on the board. Timothy J. Buchanan, president and CEO, Legend Senior Living LLC, will serve as immediate past chairman.
Additionally, three new directors were elected to the board: Brenda J. Bacon, president and CEO, Brandywine Senior Living LLC; Joe Eby, president, Bickford Senior Living; Mercedes Kerr, president, Belmont Village Senior Living. Two new directors were elected to the board as ex officio members: John Atkinson, managing director, Willis Towers Watson; and Corey Denman, COO, Direct Supply.
Argentum would also like to recognize and thank the following board members for their dedicated years of service: Brad Klitsch, senior vice president of market development, Direct Supply (December 2005-May 2020); Loren Shook, president, CEO, and chairman, Silverado (past president, May 2018-May 2020); and Patricia Will, founder and president, Belmont Village Senior Living (July 2014-May 2020).
“Argentum has great appreciation for the contributions made to the board and to this industry by Brad, Loren, and Patricia,” said James Balda, Argentum president and CEO. “Their dedicated service was invaluable, and we thank them for that and for their continued commitment to advancing senior living.”
The officers and board members officially assumed their positions on May 18, 2020.
Argentum is the leading national association exclusively dedicated to supporting companies operating professionally managed, resident-centered senior living communities and the older adults and families they serve. Since 1990, Argentum has advocated for choice, independence, dignity, and quality of life for all older adults.
Argentum member companies operate senior living communities offering assisted living, independent living, continuing care, and memory care services. Along with its state partners, Argentum’s membership represents approximately 75 percent of the senior living industry—an industry with a national economic impact of nearly a quarter of a trillion dollars and responsible for providing over 1.6 million jobs. These numbers will continue to grow as the U.S. population ages.
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