Sonida Senior Living Names Kevin Detz Chief Financial Officer

Deepens Sonida’s Management Team with Sizeable Company Finance and Accounting Experience

DALLAS, April 13, 2022–(Business WIRE)–Sonida Senior Residing Corporation (NYSE: SNDA), a single of the nation’s foremost senior dwelling owner-operators, declared the appointment of Kevin Detz, CPA, as Chief Economic Officer, productive Might 1, 2022. Detz joins Sonida from Aimbridge Hospitality, the major 3rd-occasion worldwide resort administration corporation, in which he most recently served as Executive Vice President and Operational Chief Economical Officer.

“Kevin is a transformational chief with 20 years’ experience instilling financial accountability and making scalability and labor efficiencies for world-wide functioning organizations and economical products and services businesses. He provides an great mix of leadership working experience, money skills and accounting information to Sonida and his experience in the hospitality sector will give important insights into our organization. Kevin has demonstrated his capacity to create cross-purposeful groups to drive advancement and fiscal results, which will help our firm as we placement ourselves for ongoing strategic growth,” claimed Kimberly S. Lody, President and CEO.

Around 8 yrs at Aimbridge Hospitality, Detz served in several roles. From January 2020 to April 2022, Detz served as Government Vice President and Operational Chief Monetary Officer, exactly where he was liable for primary the company’s corporate and operational accounting and reporting capabilities. There, he transformed the company’s back-business solutions into a lucrative qualified products and services system and reorganized the corporate treasury and finance functions to produce enhanced visibility into the company’s forecasting and liquidity features for the duration of the pandemic.

From October 2016 to December 2019, Detz was Senior Vice President and Chief Accounting Officer at Aimbridge and served in critical leadership roles in each of the company’s six acquisitions and associated integration activities, appreciably contributing to the scalability of the firm. Notably, he assumed responsibility for the company’s corporate accounting purpose and greater efficiency by automating guide procedures, which resulted in enhanced accuracy and well timed reporting. Additionally, he led the company’s exterior audit function, cutting down service fees and providing cleaner audit results.

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Previously in his occupation, Detz was a Controller, Vice President at Goldman Sachs & Co. wherever he was responsible for the accounting oversight of $4 billion in hospitality property (270 inns) for the Goldman Sachs Real Estate Management Division. There, he implemented a Sarbanes Oxley high quality management atmosphere to enhance company governance.

At the beginning of his vocation, Detz spent numerous several years as an Audit Manager for Ernst & Younger executing audits for SEC businesses and planning and examining economical statements and linked disclosures.

“This is a really fascinating time in Sonida’s record,” explained Mr. Detz. “With an ageing demographic in the U.S. and raising desire for inexpensive, high-top quality health care, Sonida has a significant possibility in advance. I glance ahead to doing work carefully with the workforce to build a most effective-in-class corporate finance perform though executing on the Company’s lengthy phrase strategic goals.”

Detz graduated magna cum Laude with a degree in small business administration from Duquesne College in Pittsburgh, PA and is a Qualified Community Accountant. Detz is a member of the AICPA and American Hotel & Lodging Association World-wide Finance Committee. Detz at present life in Dallas, Texas, with his spouse (Andrea) and two young children (Isabella and Jack).

About the Enterprise

Dallas-primarily based Sonida Senior Residing is one particular of the nation’s foremost operators of independent living, assisted residing and memory care communities for senior older people. The Company operates 77 communities that are property to almost 7,000 residents throughout 18 states offering snug, protected, reasonably priced communities the place people can sort friendships, love new activities and obtain personalized treatment from focused crew associates who handle them like family members.

For a lot more information, take a look at www.sonidaseniorliving.com or link with the Corporation on Fb, Twitter or LinkedIn.

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Contacts

Kimberly Lody (972) 308-8323, [email protected]