NEWTON, Mass.--(BUSINESS WIRE)--
Five Star Senior Living Inc. (Nasdaq: FVE) today announced that Adam D.
Portnoy has been elected as a Managing Director of FVE effective March
20, 2018 to fill a vacancy on the Board.
Mr. Portnoy (age 47) is the Managing Director, President and Chief
Executive Officer of The RMR Group Inc. (Nasdaq: RMR) and President and
Chief Executive Officer of The RMR Group LLC. Mr. Portnoy also is the
sole Trustee and an owner of ABP Trust, whose wholly owned subsidiary
owns approximately 36% of FVE’s outstanding common stock. Mr. Portnoy
also serves on the boards of other publicly traded companies managed by
The RMR Group LLC. Prior to joining RMR in 2003, Mr. Portnoy held
various positions in the finance industry and public sector, including
working as a banker at Donaldson, Lufkin & Jenrette and ABN AMRO,
working in private equity at the International Finance Corporation (a
member of The World Bank Group) and DLJ Merchant Banking Partners, as
well as founding and serving as Chief Executive Officer of a
telecommunications company. Mr. Portnoy currently serves as the Honorary
Consul General of the Republic of Bulgaria to the Commonwealth of
Massachusetts, and he was formerly a member of the Board of Trustees of
Occidental College and the Board of Governors of the National
Association of Real Estate Investment Trusts.
Five Star Senior Living Inc. is a senior living and healthcare services
company that owns, leases and manages senior living communities,
including primarily private pay independent and assisted living
communities located throughout the U.S. FVE is headquartered in Newton,
Massachusetts.
View source version on businesswire.com: https://www.businesswire.com/news/home/20180320006415/en/
Source: Five Star Senior Living Inc.