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Dan Lahey Named LCS EVP/Chief Financial and Investment Officer
![Dan Lahey](http://www.lcsnet.com/images/default-source/articles/dan-lahey.png?sfvrsn=ad5c6867_1)
LCS, the nation’s third-largest senior living
operator, has promoted Dan Lahey to executive vice president /chief
financial and investment officer effective Jan. 1, 2024. Lahey will
direct all financial and real estate operations for the organization and
provide leadership for financial planning and analysis, accounting,
treasury, tax, community finance, investments, capital markets, and
asset and portfolio management for LCS.
“Dan's 17 years of Senior
Living experience and in-depth knowledge are unrivaled in the senior
industry and his strategic leadership positions LCS well for the
future,” said Joel Nelson, LCS CEO. “Dan understands our business from
top to bottom and has made a tremendous impact on our company. It is a
testament to our succession planning process to identify such
outstanding talent from within our organization to assume this role.”
Lahey
established himself as an industry leader in various roles in the
finance and real estate teams since joining LCS in 2008. He joined LCS
as an Accounting and Tax Manager on the finance team, and later joined
LCS Real Estate at its inception. His expertise has helped build the LCS
brand and accelerated growth in ownership interests across the
company’s Life Plan and Rental communities. Under his leadership, the
LCS Real Estate team has continued to deliver on the LCS vision to serve
more seniors while building high-performing teams.
Lahey’s
elevated role is part of the succession plan in conjunction with Diane
Bridgewater’s planned retirement. Bridgewater, who has served as the
company’s executive vice president/chief financial and administrative
officer since 2006, will remain at LCS until 2025 to complete the
transition of her role and continue providing leadership for the LCS
strategy. Her title has transitioned to executive vice president/chief
administrative and strategy officer to reflect this important work.
“I
am thrilled to have the opportunity to have an expanded leadership role
at LCS as the senior living industry enters a time of unprecedented
opportunity for growth,” said Lahey. “I have benefitted greatly from the
leadership and guidance from so many individuals who have invested in
me over the years, and I feel confident that LCS is ready for the
challenges and opportunities that lie ahead of us. ”
Lahey earned his Bachelor of Arts in accounting and finance from Wartburg College and worked as a CPA in public accounting for nine years before joining LCS. Dan is a frequent speaker at industry conferences and actively involved with Argentum, ASHA, and NIC.
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