Sienna Senior Living - Outgoing CEO, Lois Cormack
Outgoing CEO, Lois Cormack
Source: Lucy Lu Photograhpy
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  • Sienna Senior Living (TSX:SIA) has appointed a new President and CEO after accusations of neglect surfaced at its Altamont Care Community
  • Outgoing CEO, Lois Cormack, will hand over the reins to Nitin Jain, who has served as Chief Financial Officer and Chief Investment Officer of the company since joining in 2014
  • The company has had a turbulent few weeks on the back of a report that detailed serious allegations of neglect and mistreatment at the Altamont aged-care facility
  • Sienna is now undertaking a detailed review of its operations to ensure a sufficient standard of care is met at all of its properties
  • Sienna Senior Living (SIA) is currently up 1.14 per cent and is trading at C$9.76 per share 

Sienna Senior Living (TSX:SIA) has appointed a new President and CEO after accusations of neglect surfaced at its Altamont Care Community.

Citing personal reasons, outgoing CEO, Lois Cormack, will hand over the reins to Nitin Jain, who has served as Chief Financial Officer and Chief Investment Officer since joining the company in 2014.

The company came under fire last month after scathing allegations arose regarding conditions at the Altamont facility. 

The report came from the Canadian Armed Forces, who were assisting in the management of COVID-19 at five specialised care facilities. 

Military personnel at the facilities noted cases of severe bed sores, some of which had penetrated to the bone, as well as dangerous medication errors, a dire lack of staff, and regular public arguments between employees. 

The report also noted that some military personnel had brought in their own food to feed residents who were not receiving the standard three meals per day.

Nitin said he is confident that, together with the company’s leadership team and its dedicated team members, Sienna Senior Living can be successfully re-stabilised and positioned for future success.

“Now it’s more important than ever that we work collaboratively with all of our stakeholders as we focus on caring for our seniors.

“These Canadians represent a generation that contributed so much to our society and to our country. We owe it to them to help them age with dignity,” he added.

In addition, the company has also stood down one of its senior figures following a bungled virtual meeting with family members of residents at the Woodbridge Vista Care Community.

Joanne Dykeman, Executive Vice President of Operations, was allegedly overheard mocking some of the relatives’ concerns after thinking that the meeting had been disconnected.

Sienna Senior Living (SIA) is currently up 1.14 per cent and is trading at C$9.76 per share at 11:47am EDT.

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