The highest chief of one of many largest nonprofit senior residing suppliers within the nation is slated to go away his submit on the finish of the 12 months.
Acts Retirement-Life Communities CEO Gerald Grant introduced on Monday that he’s retiring on the finish of 2026. He’ll within the interim keep his function all through the rest of the 12 months and keep “full accountability for the group’s operations and strategic course,” in keeping with a press launch from the operator.
A consultant for Acts declined to elaborate on the announcement when reached by Senior Housing Information Monday.
Grant has labored with the group for almost 40 years. Throughout that point he has held quite a lot of roles together with president, chief working officer, government vice chairman and chief monetary officer. Over the course of his profession with Acts, the group has grown to serve almost 11,000 residents throughout 28 communities in 9 states. In the present day it’s the third-largest non-profit senior residing operator by whole unit rely, in keeping with the newest LeadingAge-Ziegler 200 checklist.
“Serving the Acts group has been the best honor of my profession. I’m happy with what now we have completed and assured in Acts’ future,” Grant mentioned within the launch.
Acts anticipates the transition between Grant and his successor will take a few 12 months to “help an orderly management change and guarantee continuity throughout Acts’ operations, technique and long-term commitments,” in keeping with the discharge.
The rest of the group’s senior management workforce will stay in place and unchanged.
“Jerry Grant has performed a major function within the improvement and evolution of Acts,” Susan Allmond, chair of the Acts board of administrators, mentioned within the launch. “The board appreciates his continued management throughout this transition interval and is dedicated to a considerate succession course of that positions the group for continued success.”
