|By Marketwired .||
|May 20, 2014 01:22 PM EDT||
MARKHAM, ONTARIO -- (Marketwired) -- 05/20/14 -- Leisureworld Senior Care Corporation (TSX:LW) ("Leisureworld" or the "Company") is pleased to announce that Nitin Jain has accepted an offer to be appointed Executive Vice President and Chief Financial Officer, effective June 9, 2014.
Mr. Jain is currently Head of Finance for Real Estate at Canadian Tire Corporation across all retail banners and Financial Planning & Analysis Leader for CT REIT. Prior to joining Canadian Tire Corporation, Mr. Jain spent five years with General Electric in increasingly senior operational financial leadership roles and prior to joining GE, he held leadership roles in the hospitality sector. Mr. Jain is a CPA, CMA and holds a Master of Business Administration from the University of Notre Dame.
Lois Cormack, President and CEO of Leisureworld, commented on the upcoming appointment: "We are delighted that Nitin has accepted this integral position on our team. As CFO, Nitin will have a key role in executing all aspects of our strategy and growth, and given his skills and experience in finance, real estate, capital markets, process improvement, and developing high-performing teams, we expect him to add significant value to the Company and its shareholders."
Interim CFO Tim McSorley will continue to work with the Company as a consultant in order to facilitate a seamless transition and continuity with Leisureworld's ongoing strategy. Ms. Cormack commented, "I would like to take this opportunity to thank Tim for stepping into the CFO role on an interim basis and for his invaluable guidance and leadership over the past few months."
Leisureworld Senior Care Corporation is one of Canada's largest operators of seniors' housing and the largest licensed long-term care provider in Ontario. Leisureworld has 7,500 employees and owns and operates 35 long-term care homes across Ontario with 5,733 beds. Leisureworld also owns and operates 10 retirement residences, representing 1,065 suites, in Ontario and British Columbia. Under its management services division, Leisureworld provides management and consulting services to long-term care homes and retirement residences in Ontario. Leisureworld subsidiaries include Preferred Health Care Services, an accredited provider of professional nursing and personal support services. For more information, please visit Leisureworld's website at www.leisureworld.ca.
Certain of the statements contained in this news release are forward-looking statements and are provided for the purpose of presenting information about management's current expectations and plans relating to the future. These statements generally use forward-looking words, such as "anticipate", "continue", "could", "expect", "may", "will", "estimate", "believe" or other similar words and include, among other things, statements related to the Company's financial results or strategic plans. These statements are subject to significant known and unknown risks and uncertainties that may cause actual results or events to differ materially from those expressed or implied by such statements and, accordingly, should not be read as guarantees of future performance or results and will not necessarily be accurate indications of whether or not such results will be achieved. The forward-looking statements in this news release are based on information currently available and what management currently believes are reasonable assumptions and although management believes that it has a reasonable basis for the expectations reflected in these forward-looking statements, actual results may differ from those suggested by the forward-looking statements for various reasons. These forward-looking statements reflect current expectations of Leisureworld as at the date of this news release and speak only as at the date of this news release. Leisureworld does not undertake any obligation to publicly update or revise any forward-looking statements except as may be required by applicable law.
Leisureworld Senior Care Corporation
President and Chief Executive Officer
The emerging Internet of Everything creates tremendous new opportunities for customer engagement and business model innovation. However, enterprises must overcome a number of critical challenges to bring these new solutions to market. In his session at @ThingsExpo, Michael Martin, CTO/CIO at nfrastructure, outlined these key challenges and recommended approaches for overcoming them to achieve speed and agility in the design, development and implementation of Internet of Everything solutions wi...
Aug. 26, 2016 01:00 AM EDT Reads: 1,930
Aug. 26, 2016 12:45 AM EDT Reads: 2,220
Aug. 26, 2016 12:30 AM EDT Reads: 2,884
Aug. 25, 2016 11:45 PM EDT Reads: 2,259
Aug. 25, 2016 10:45 PM EDT Reads: 1,858
Aug. 25, 2016 10:15 PM EDT Reads: 1,707
Aug. 25, 2016 09:15 PM EDT Reads: 2,191
Aug. 25, 2016 09:00 PM EDT Reads: 1,692
Aug. 25, 2016 08:45 PM EDT Reads: 1,372
Aug. 25, 2016 06:30 PM EDT Reads: 1,923
Aug. 25, 2016 05:15 PM EDT Reads: 661
Aug. 25, 2016 04:15 PM EDT Reads: 446
Aug. 25, 2016 03:30 PM EDT Reads: 1,492
Aug. 25, 2016 02:00 PM EDT Reads: 3,548
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
Aug. 25, 2016 01:00 PM EDT Reads: 3,894