Reshuffle of Beverly execs begins in earnest
Beverly Enterprises has named a new CEO, and seven of its former top managers have left the company this week. Pearl Senior Care completed its acquisition of the nursing home giant Tuesday.The new top executive of the newly privatized company is Randy Churchey, a 45-year-old who succeeds Bill Floyd. Churchey was president of Encore Cos., a hotel development and management company. Pearl's Care's parent company, Fillmore Capital Partners, has been involved in hotel management previously.
Floyd, 61, and six other top lieutenants were not asked to leave, according to a Beverly statement. Rather, they chose to depart on their own, many of them with significant stock options, in light of the ownership change.
The senior managers who have left include: Douglas J. Babb, executive vice president and chief administrative and legal officer; Jeffrey P. Freimark, executive vice president and chief financial and information officer; Steven A. Brigance, senior vice president of litigation; and Pamela H. Daniels, senior vice president, controller and chief accounting officer.
Also, Lawrence Deans, senior vice president, chief human resources officer; James M. Griffith, senior vice president of investor relations and corporate communications; and Barbara R. Paul, M.D., senior vice president and chief medical officer.
The company said a new board would be named soon.