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Sunrise Maintains Faith in CEO Ordan

December 3, 2010
by root
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Sunrise Senior Living, Inc., has renewed CEO Mark Ordan’s contract through December 1, 2012, with automatic renewals each year after that, citybizlist reported.

The Mclean, Virginia-based assisted living provider reported in a recent SEC filing that Ordan will receive a $3 million re-signing bonus and an annual base salary of $650,000, along with other fringe benefits and stock options.

“For 2009, Ordan earned total compensation of $2,427,500, of which $652,500 was salary,” citybizlist reported.

Sunrise has experienced both financial strife and resurgence during Ordan’s leadership since he took the helm in November 2008. The company experienced a significant third quarter in 2010, earning more than $18 million compared to a loss of $44 million a year ago.

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Sunrise Senior Living Shines on CEO Mark Ordan

SEC filing