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Brookdale Senior Living says CEO Sheriff retiring

NASHVILLE, Tenn. (AP) -- Senior living facility operator Brookdale Senior Living Inc. said Thursday that CEO Bill Sheriff intends to retire.

Sheriff notified the Brookdale board of directors that he intends to retire as CEO after the company identifies a replacement and a transition period has passed. Brookdale said its board has formed a search committee to find a new CEO and has also retained an executive recruiting firm. Brookdale plans to consider candidates from inside and outside the company.

The company said Sheriff, 69, will remain on the board of directors.

Sheriff became chairman and CEO of American Retirement Corp. in April 1984, and after American Retirement merged with Brookdale in July 2006, he became CEO of Brookdale.

The announcement comes a month after Brookdale said non-executive Chairman Wesley Edens had resigned his post. Edens, who had been chairman since the company was formed, is still on the board of directors. The company named Jeffrey Leeds as its new chairman July 2.