Beverly executive resigns.Boyd Hendrickson, president and COO (Cell Of Origin) See mobile positioning. of Beverly Enterprises, has resigned. Hendrickson also resigned from the Fort Smith, Arkansas-based company's board of directors. Beverly's news release gave no reason for the resignation, which came shortly after it reported a 63 percent drop in earnings for the third quarter (blaming lower Medicare reimbursements and rising labor costs) and that it was paying $175 million in tentative settlement of a federal investigation into its Medicare billing practices. Beverly spokesperson Jim Griffith said the resignation had "nothing to do with the investigation...The timing was coincidental co·in·ci·den·tal adj. 1. Occurring as or resulting from coincidence. 2. Happening or existing at the same time. co·in ." David Banks David Banks (born 24 September 1951 in Hull, England) is a British actor. His television roles include EastEnders and Brookside and also he was the Cyberleader in the science fiction series Doctor Who , Beverly's chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , will assume Hendrickson's duties until a successor is named. |
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