Kindred Announces Longtime CFO Will Retire From Post
Kindred Healthcare (NYSE: KND) longtime Chief Financial Officer Richard Lechleiter announced today he will retire from the company effective January 2014.
The company has not named a replacement but says it will be conducting a national search for a new CFO.
Lechleiter has been with the company since 1995 and has served as CFO for more than 11 years.
“It is hard to overstate the contributions that Rich has made to our organization over the past 18 years,” said Paul Diaz, CEO of Kindred. “Rich has earned a stellar reputation for Kindred’s industry leading financial reporting and transparency, and he has led the successful financing of the Company’s significant growth during his long tenure. He also has played a critical role in developing our Support Center services that have enabled us to successfully integrate our development and acquisition activities over many years.”
Kindred has long been a provider of home health and hospice services and has been active in the acquisitions market for home health companies of late. In June, Kindred announced the acquisitions of two home health agencies following a prior announcement it was selling off $49 million in nursing centers with plans to reinvest the proceeds in the home health business.
Written by Elizabeth Ecker