Brookdale appoints Nick Stengle as CEO effective Oct 6, 2025; background in senior living and hospitality

Brookdale Senior Living Inc.

Nick Stengle appointed CEO and Board member effective Oct 6, 2025; interim CEO Denise Warren returns to Non-Executive Chairman.
Stengle previously President/COO of Gentiva (12,000 associates, 550 locations) and EVP/COO of Sunrise Senior Living (250 communities).
Compensation: $950K base salary, 140% target bonus, $370K sign-on, $4.65M 2026 LTI target, initial RSU grant of ~$3.16M.
Employment agreement three-year term; severance: 150% (non-CIC) or 200% (CIC) of base plus target bonus, plus COBRA.
Board expanded to nine directors; eight independent. Office of the CEO dissolved; CFO and GC remain in current roles.

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