Chairman of the Board Edward L. Kuntz to Retire and Not Stand for Re-Election to Kindred Healthcare Board of Directors
(Benzinga Lightning Feed Via Acquire Media NewsEdge) Kindred Healthcare (NYSE: KND) today
announced that Chairman of the Board Edward L. Kuntz will not stand for
re-election to the Board of Directors at the 2014 annual meeting of
shareholders. Mr. Kuntz's term will expire effective upon conclusion of the
Company's 2014 annual meeting of shareholders. The Company also announced that
Mr. Kuntz will continue to serve the Board in an advisory capacity following
his services as a Board member.
Mr. Kuntz has served as Chairman of the Board of Directors of the Company
since May 2009. He served as the Executive Chairman of the Board of Directors
of the Company from January 2004 to May 2009 and as the Company's Chairman of
the Board and Chief Executive Officer from January 1999 to December 31, 2003.
He served as President of the Company from November 1998 until January 2002.
He also served as Chief Operating Officer and a director of the Company from
November 1998 to January 1999.
Paul J. Diaz, Chief Executive Officer of Kindred, stated, “Eddie's leadership
and his dedication to improving the quality of our operations and governance
of Kindred cannot be overstated. Since joining the Company in 1998, Eddie has
been instrumental in guiding the Company through a difficult reorganization to
become today's premier post-acute healthcare provider in the United States.
The integrity, intellect and the determination that he brought to this
organization has set the foundation and benchmark for all of us to follow. He
has served as a mentor to me and others in our organization and I will miss
his guidance and advice. On behalf of all of our teammates, the Board of
Directors and other stakeholders, I want to thank Eddie for his dedication and
long-term service to Kindred.”
About Kindred Healthcare
Kindred Healthcare, Inc., a top-150 private employer in the United States, is
a FORTUNE 500 healthcare services company based in Louisville, Kentucky with
annual revenues of approximately $5 billion and approximately 62,000 employees
in 46 states. At September 30, 2013, Kindred through its subsidiaries provided
healthcare services in 2,146 locations, including 102 transitional care
hospitals, five inpatient rehabilitation hospitals, 102 nursing centers, 21
sub-acute units, 105 Kindred at Home hospice, home health and non-medical home
care locations, 99 inpatient rehabilitation units (hospital-based) and a
contract rehabilitation services business, RehabCare, which served 1,712
non-affiliated facilities. Ranked as one of Fortune magazine's Most Admired
Healthcare Companies for five years in a row, Kindred's mission is to promote
healing, provide hope, preserve dignity and produce value for each patient,
resident, family member, customer, employee and shareholder we serve. For more
information, go to www.kindredhealthcare.com. You can also follow us on
Twitter and Facebook.
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