AlerisLife Announces the Appointment of Heather Pereira as Senior Vice President, Chief Financial Officer and Treasurer

Rhea-AI Summary

AlerisLife Inc. (Nasdaq: ALR) announced the appointment of Heather Pereira as Senior Vice President, Chief Financial Officer, and Treasurer, effective September 19, 2022. Pereira, who has over 20 years of accounting experience, previously served as Vice President and Corporate Controller at Acushnet Holdings Corp. Jeff Leer, President and CEO of AlerisLife, expressed confidence in Pereira's ability to lead financial operations and improve the company’s performance during its restructuring phase. She replaces Leer, who held the CFO position along with his other roles.

Positive

• Pereira brings over 20 years of accounting and finance experience.
• Her prior role involved leading finance functions during major transformations.

Negative

• Concerns exist about continuity as Pereira takes over critical financial leadership.

NEWTON, Mass.--(BUSINESS WIRE)-- AlerisLife Inc. (Nasdaq: ALR) today announced that Heather Pereira has been appointed as Senior Vice President, Chief Financial Officer and Treasurer, effective September 19, 2022.

Ms. Pereira most recently served as Vice President and Corporate Controller of Acushnet Holdings Corp. since May of 2017. Previously, starting in 2004, Ms. Pereira held several roles within the accounting and finance departments of Acushnet Holdings. Ms. Pereira has over 20 years of accounting and finance experience and holds a Master’s degree in Accountancy and Masters of Business Administration from Northeastern University and received a Bachelor of Arts degree from Boston College.

“Heather brings vast experience in running multi-unit, multi-national finance and accounting functions and has played a key role in several major transformations during her tenure at Acushnet,” said Jeff Leer, President and Chief Executive Officer of AlerisLife. “We are excited to have her bring her experience to AlerisLife to lead our finance and accounting functions through the implementation of our restructuring to improve our operating results.”

Ms. Pereira succeeds Mr. Leer, who, in addition to serving as President and Chief Executive Officer, was also serving as AlerisLife’s Chief Financial Officer.

About AlerisLife (Nasdaq: ALR):
AlerisLife enriches and inspires the lives of its older adult customers across the United States by delivering an exceptional and enhanced resident experience to senior living and active adult residents, while also offering lifestyle services to the younger “choice-based” consumer. The Company is headquartered in Newton, Massachusetts. For more information, visit www.alerislife.com.

WARNING REGARDING FORWARD-LOOKING STATEMENTS

This press release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. Also, whenever ALR uses words such as “believe,” “expect,” “anticipate,” “intend,” “plan,” “estimate,” “will,” “may” and negatives or derivatives of these or similar expressions, ALR is making forward-looking statements. These forward-looking statements are based upon ALR’s present intent, beliefs or expectations, but forward-looking statements are not guaranteed to occur and may not occur. Actual results may differ materially from those contained in or implied by ALR’s forward-looking statements as a result of various factors. Forward-looking statements involve known and unknown risks, uncertainties and other factors, some of which are beyond ALR's control. For example:

• Mr. Leer states that Ms. Pereira will lead ALR’s finance and accounting functions through ALR’s transformation. However, ALR may not be able to execute on its transformation plans in a timely manner or at all or may change its current plans in the future, including with respect to ALR’s finance and accounting functions.

The information contained in ALR’s filings with the Securities and Exchange Commission, or SEC, including under “Risk Factors” in ALR’s periodic reports, or incorporated therein, identifies other important factors that could cause ALR’s actual results to differ materially from those stated in or implied by ALR’s forward-looking statements. ALR’s filings with the SEC are available on the SEC's website at www.sec.gov.

You should not place undue reliance upon forward-looking statements.

Except as required by law, ALR does not intend to update or change any forward-looking statements as a result of new information, future events or otherwise.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220916005532/en/

Michael Kodesch, Director, Investor Relations

(617) 796-8234

Source: AlerisLife

FAQ

Who is the new CFO of AlerisLife?

Heather Pereira has been appointed as the new CFO of AlerisLife.

When did Heather Pereira start as CFO at AlerisLife?

Heather Pereira started as CFO on September 19, 2022.

What experience does Heather Pereira bring to AlerisLife?

Pereira has over 20 years of experience in accounting and finance, previously serving as Vice President and Corporate Controller at Acushnet Holdings Corp.

What are the expectations for Heather Pereira at AlerisLife?

She is expected to lead financial operations and improve performance during the company's restructuring.