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Leisureworld Announces Appointment of New Executive Vice President and Chief Financial Officer

Nitin Jain graduated from the Notre Dame MBA program in 2005

Publication: Marketwire

May 20, 2014

Tags: Alumni, MBA

Leisureworld Senior Care Corporation is pleased to announce that Nitin Jain has accepted an offer to be appointed Executive Vice President and Chief Financial Officer, effective June 9, 2014.

Mr. Jain is currently Head of Finance for Real Estate at Canadian Tire Corporation across all retail banners and Financial Planning & Analysis Leader for CT REIT. Prior to joining Canadian Tire Corporation, Mr. Jain spent five years with General Electric in increasingly senior operational financial leadership roles and prior to joining GE, he held leadership roles in the hospitality sector. Mr. Jain is a CPA, CMA and holds a Master of Business Administration from the University of Notre Dame.

Lois Cormack, President and CEO of Leisureworld, commented on the upcoming appointment: "We are delighted that Nitin has accepted this integral position on our team. As CFO, Nitin will have a key role in executing all aspects of our strategy and growth, and given his skills and experience in finance, real estate, capital markets, process improvement, and developing high-performing teams, we expect him to add significant value to the Company and its shareholders."

Interim CFO Tim McSorley will continue to work with the Company as a consultant in order to facilitate a seamless transition and continuity with Leisureworld's ongoing strategy. Ms. Cormack commented, "I would like to take this opportunity to thank Tim for stepping into the CFO role on an interim basis and for his invaluable guidance and leadership over the past few months."