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Sienna Senior Living Announces Senior Management Change

MARKHAM, Ontario, April 06, 2022 (GLOBE NEWSWIRE) -- Sienna Senior Living Inc. (“Sienna” or the “Company”) (TSX: SIA) today announced that Karen Hon, Senior Vice President and Chief Financial Officer, has decided to leave the Company, effective April 18, 2022, to pursue other leadership opportunities. During the interim period, she will work with the Sienna management team to ensure that the transition is seamless. Ms. Hon has been a member of the Sienna leadership team for almost seven years, first leading Corporate Finance, Investor Relations and Shared Services and more recently as Chief Financial Officer focusing on the Company’s financial strategy, capital management and transformation.

“Karen has been instrumental in aligning Sienna’s financial stability and growth with the Company’s mission and vision. Her professionalism and commitment to the Company have been an example for many of us. On behalf of everyone at Sienna, we sincerely thank her for her many contributions and wish her well in the next chapter of her professional journey,” said Nitin Jain, President and CEO of Sienna Senior Living.

Effective April 19, 2022, Sienna has appointed David Hung as Executive Vice President and Chief Financial Officer. Mr. Hung has been a member of the Sienna leadership team for close to seven years, having led multiple areas within the finance and corporate services function, serving most recently as Chief Investment Officer and Executive Vice President, Corporate Services. As an executive team member, he provides strategic direction and oversight for Sienna’s investments, real estate and development and corporate services.

“We are privileged to have David’s expertise and deep knowledge of the sector and experience at the Company to draw upon,” said Mr. Jain. “David has built a reputation over his 20-year career as a people-focused leader, with long-standing business partnerships, financial expertise, and a strategic mindset that will help Sienna achieve a bold new vision in the seniors’ living sector.”

About Sienna Senior Living

Sienna Senior Living Inc. (TSX:SIA) offers a full range of seniors' living options, including independent living, assisted living, long-term care, and specialized programs and services. Sienna's approximately 12,000 employees are passionate about helping residents live fully every day. For more information, please visit www.siennaliving.ca.

Forward-Looking Information

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. Readers are cautioned that such statements may not be appropriate for other purposes. These statements generally use forward-looking words, such as “anticipate,” “continue,” “could,” “expect,” “may,” “will,” “estimate,” “believe,” “goals” or other similar words. 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. The Company does not undertake any obligation to publicly update or revise any forward-looking statements except as may be required by applicable law.

For further information, please contact:
Nancy Webb
Senior Vice President, Public Affairs & Marketing
(905) 489-0788
[email protected]