Highly Regarded Turnaround Specialist, Harry Wilson, Appointed CEO of Genesis HealthCare
March 23 2021 - 7:30AM
Genesis Healthcare, Inc. (Genesis, or the Company) (NYSE:
GEN), a national post-acute care provider,
announced today that Harry Wilson has been appointed as the
Company’s new Chief Executive Officer (CEO), replacing CEO, Robert
(“Bob”) H. Fish. Mr. Wilson will also join the Company’s Board of
Directors, replacing James McKeon. The Company also announced that
David Harrington has been appointed Executive Chairman, and Mr.
Fish will remain a member of the Board.
Mr. Wilson’s focus will be on immediately developing and
executing a turnaround plan for the Company, while building a
foundation for future innovation and growth as a national leader in
eldercare.
“The Board and I would like to thank Bob Fish for stepping in to
lead Genesis after the retirement of the Company’s long time CEO as
well as Jim McKeon for his many years of dedication to Genesis,”
said David Harrington, Executive Chairman of the Board for Genesis.
“We are excited to welcome Mr. Wilson, and his highly regarded
company, as we quickly chart a path to recovery. Mr. Wilson has a
successful history of rapidly transforming businesses, driving
significant improvements in customer service and unlocking
value.”
“I am very excited to lead the team at Genesis through this
challenging period to an exciting future,” said Harry Wilson. “I
plan to work with our seasoned management team to develop the best
path forward to continue delivering high-quality care to our
residents and patients and unlock the potential of the Company and
its people. We will build the best foundation for long-term success
expeditiously but thoughtfully.”
“Genesis plays an absolutely essential role in the lives of
patients, residents and their families,” continued Mr. Wilson. “At
the center of everything we do must be a relentless focus on
serving our patients and residents with high-quality care, in
safety and comfort, and with dignity. While Genesis has important
issues to address, and the sector has suffered through some very
challenging times, I am confident that with the right plan, built
with broad input across the entire organization, we will solve
these issues with the appropriate focus and accountability.”
Mr. Wilson has a long and distinguished record of leadership and
achievement in transforming and restructuring companies to bring
benefits to customers, employees, investors and other stakeholders.
He has led some of the most complicated and successful US
restructurings of the past decade as an investor, advisor or
director. Mr. Wilson spent his early career in the financial
services sector, primarily at The Blackstone Group and Silver Point
Capital, where he was a partner, after starting his career at
Goldman, Sachs & Co and Clayton, Dubilier & Rice. Over
time, Mr. Wilson became focused on transformational work and
accepted a senior role on the US Auto Task Force, where he led the
restructuring of General Motors on behalf of the US Treasury.
In early 2011 Mr. Wilson founded MAEVA Group as a platform to
pursue similar transformational work. Since founding MAEVA, Mr.
Wilson and his colleagues have played important roles with
companies ranging from YRC Worldwide to Sotheby’s to Visteon, in
all cases creating substantial value for all stakeholders and
repositioning each company for long-term success. Mr. Wilson holds
an A.B. in Government, with honors, from Harvard College and an MBA
from Harvard Business School.
At Genesis, Mr. Wilson will be joined by several MAEVA
colleagues who will play key roles in the early stages of the
turnaround.
About Genesis HealthCareGenesis HealthCare is a
holding company with subsidiaries that, on a combined basis,
provide services to skilled nursing facilities and assisted/senior
living communities. The Company also specializes in contract
rehabilitation therapy, respiratory therapy, physician services,
staffing services and accountable care. References made in this
release to "Genesis," "the Company," "we," "us" and "our" refer to
Genesis Healthcare, Inc. and each of its wholly-owned companies.
Visit our website at www.genesishcc.com.
Genesis Healthcare Contact:Investor
Relations610-925-2000
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