{"id":12913,"date":"2024-11-06T00:32:18","date_gmt":"2024-11-06T06:32:18","guid":{"rendered":"https:\/\/1reason.com\/re\/selectis-health-makes-key-leadership-announcement\/12913\/"},"modified":"2024-11-06T18:32:18","modified_gmt":"2024-11-07T00:32:18","slug":"selectis-health-makes-key-leadership-announcement","status":"publish","type":"post","link":"https:\/\/1reason.com\/re\/selectis-health-makes-key-leadership-announcement\/12913\/","title":{"rendered":"Selectis Health Makes Key Leadership Announcement"},"content":{"rendered":"<div> With Desmond\u2019s permanent appointment, the Board of Directors has approved a salary increase for Desmond from $150,000 to $250,000 per annum. Upon effectiveness of the salary increase, Desmond has agreed to forgo the Company\u2019s Board Compensation stipend of $7,500 quarterly. Desmond\u2019s appointment and salary increase are effective as of October 17, 2024.    <\/p>\n<p align=\"justify\"><strong>Permanent Appointment of Adam Desmond as Chief Executive Officer<\/strong><\/p>\n<p align=\"justify\">Adam Desmond was appointed Interim CEO on October 22<sup>nd<\/sup>, 2022. Over the past two years, Desmond has demonstrated strong leadership by navigating the company through challenging market conditions and remaining focused on the Company\u2019s long-term strategic goals including operational efficiencies, divesting non-core assets and strengthening the balance sheet.<\/p>\n<p align=\"justify\">&#8220;Adam\u2019s leadership, vision, and deep understanding of our business have been instrumental in driving our recent progress. I have full confidence in his ability to advance our strategic initiatives, guide our company forward, and build long-term shareholder value,&#8221; said current CFO Jim Creamer.<\/p>\n<p align=\"justify\"><strong>About Selectis Health<\/strong><\/p>\n<p align=\"justify\">Selectis Health owns and\/or operates healthcare facilities in Arkansas, Georgia, Ohio, and Oklahoma, providing a wide array of living services, speech, occupational, physical therapies, social services, and other rehabilitation and healthcare services. Selectis focuses on building strategic relationships with local communities in which its partnership can improve the quality of care for facility residents. With its focused growth strategy, Selectis intends to deepen its American Southcentral and Southeastern market presence to better serve the aging population along a full continuum of care.<\/p>\n<p align=\"justify\">For more information, please visit<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=TRDKH-gBUi0OJTYQZ0EoxjH4K6Qlgvt9o60ush6ce9UlR_rNuey7LpvovD7G1evDrkEUcSYeGDDQW2-TaHZK1g==\" rel=\"nofollow noopener\" target=\"_blank\" title=\"\"><u>www.selectis.com<\/u><\/a>.<\/p>\n<p align=\"justify\"><strong>Investor Relations Contact<\/strong><br \/>Scott Liolios or Patrick Hall<br \/>Gateway Group, Inc.<br \/>(949) 574-3860<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=krQkSMG25gb-lSKqxGSYioLmgFdMFThYApH8G6dihwZUODiv8K-MLQTOxo3HsiyCep5Kwbrke1BD9_VdLMSmSrxWf5atdCK3kgytR-2beuQ=\" rel=\"nofollow noopener\" target=\"_blank\" title=\"\"><u>selectis@gateway-grp.com<\/u><\/a><\/p>\n<p><img src=\"data:image\/gif;base64,R0lGODlhAQABAAAAACH5BAEKAAEALAAAAAABAAEAAAICTAEAOw==\" class=\"lazyload\" data-src=\"https:\/\/ml.globenewswire.com\/media\/MmEzODY0YTEtNmFmNi00ZWM3LThmMDUtYjM5N2Y5MmM3YTcwLTEwOTI1NTc=\/tiny\/Selectis-Health-Inc-.png\"><\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<p>Adam Desmond Permanently Appointed as Chief Executive Officer<\/p>\n<p align=\"justify\">GREENWOOD VILLAGE, Colo., Oct. 17, 2024 (GLOBE NEWSWIRE) &#8212; Selectis Health, Inc. (OTC: GBCS) (&#8220;Selectis&#8221; or the &#8220;Company&#8221;) has permanently appointed Adam Desmond as Chief Executive Officer.<\/p>\n<\/div>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":[],"categories":[11],"tags":[],"acf":[],"_links":{"self":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/12913"}],"collection":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/comments?post=12913"}],"version-history":[{"count":1,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/12913\/revisions"}],"predecessor-version":[{"id":12922,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/posts\/12913\/revisions\/12922"}],"wp:attachment":[{"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/media?parent=12913"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/categories?post=12913"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/1reason.com\/re\/wp-json\/wp\/v2\/tags?post=12913"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}