Sonida Senior Living Names Kevin Detz Chief Financial Officer

Deepens Sonida’s Management Workforce with Important Corporate Finance and Accounting Knowledge

DALLAS, April 13, 2022–(Small business WIRE)–Sonida Senior Dwelling Corporation (NYSE: SNDA), a person of the nation’s foremost senior living operator-operators, introduced the appointment of Kevin Detz, CPA, as Chief Money Officer, efficient May well 1, 2022. Detz joins Sonida from Aimbridge Hospitality, the primary third-bash global lodge administration corporation, wherever he most lately served as Government Vice President and Operational Main Economic Officer.

“Kevin is a transformational chief with 20 years’ experience instilling economic accountability and developing scalability and labor efficiencies for worldwide running firms and financial companies businesses. He delivers an suitable blend of leadership practical experience, fiscal abilities and accounting awareness to Sonida and his experience in the hospitality sector will provide critical insights into our small business. Kevin has demonstrated his potential to establish cross-functional groups to travel progress and fiscal achievements, which will support our business as we placement ourselves for ongoing strategic development,” claimed Kimberly S. Lody, President and CEO.

Above 8 yrs at Aimbridge Hospitality, Detz served in various roles. From January 2020 to April 2022, Detz served as Executive Vice President and Operational Chief Economical Officer, in which he was liable for foremost the company’s corporate and operational accounting and reporting functions. There, he reworked the company’s again-office environment providers into a financially rewarding skilled solutions system and reorganized the corporate treasury and finance functions to develop increased visibility into the company’s forecasting and liquidity capabilities all through the pandemic.

From Oct 2016 to December 2019, Detz was Senior Vice President and Main Accounting Officer at Aimbridge and served in essential leadership roles in each of the company’s six acquisitions and relevant integration things to do, significantly contributing to the scalability of the organization. Notably, he assumed obligation for the company’s company accounting purpose and greater effectiveness by automating handbook processes, which resulted in increased accuracy and timely reporting. In addition, he led the company’s exterior audit perform, decreasing fees and offering cleaner audit benefits.

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Earlier in his occupation, Detz was a Controller, Vice President at Goldman Sachs & Co. exactly where he was liable for the accounting oversight of $4 billion in hospitality property (270 inns) for the Goldman Sachs Actual Estate Administration Division. There, he executed a Sarbanes Oxley excellent handle surroundings to improve corporate governance.

At the commencing of his job, Detz invested numerous yrs as an Audit Manager for Ernst & Younger performing audits for SEC businesses and planning and examining economic statements and connected disclosures.

“This is a quite fascinating time in Sonida’s background,” explained Mr. Detz. “With an ageing demographic in the U.S. and rising demand from customers for reasonably priced, significant-high quality healthcare, Sonida has a considerable opportunity ahead. I look ahead to performing carefully with the crew to create a very best-in-course company finance operate even though executing on the Company’s extended phrase strategic aims.”

Detz graduated magna cum Laude with a diploma in enterprise administration from Duquesne College in Pittsburgh, PA and is a Accredited General public Accountant. Detz is a member of the AICPA and American Lodge & Lodging Affiliation World-wide Finance Committee. Detz currently lives in Dallas, Texas, with his spouse (Andrea) and two small children (Isabella and Jack).

About the Organization

Dallas-based mostly Sonida Senior Living is a single of the nation’s primary operators of impartial living, assisted residing and memory treatment communities for senior older people. The Corporation operates 77 communities that are dwelling to practically 7,000 people throughout 18 states furnishing comfortable, safe and sound, reasonably priced communities the place citizens can variety friendships, enjoy new encounters and receive personalised care from dedicated staff associates who handle them like family.

For a lot more information and facts, visit www.sonidaseniorliving.com or link with the Organization on Facebook, Twitter or LinkedIn.

See resource version on businesswire.com: https://www.businesswire.com/information/home/20220413005982/en/

Contacts

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