U.S. Physical Therapy Inc announces that Larry McAfee will retire as Executive Vice President and Chief Financial Officer, effective November 9, 2020. Carey Hendrickson, currently Chief Financial Officer at Capital Senior Living Corporation, will succeed McAfee as the Company’s Chief Financial Officer, effective as of November 9, 2020.
McAfee will remain employed through December 9, 2020 to support the transition, at which time McAfee also will retire from the Company’s Board of Directors.
Hendrickson most recently served as Chief Financial Officer of Capital Senior Living, an operator of independent living, assisted living and memory care communities for senior adults, since May 2014, and as Chief Financial Officer of Belo Corp, a television company that owned and operated network-affiliated television stations and their associated websites, from 2010 through 2014, per the release.
Prior to this, Hendrickson served Belo in various roles including Senior Vice President/Chief Accounting Officer, Vice President/Human Resources, Vice President/Investor Relations and Corporate Communications, and Vice President/Strategic & Financial Planning.
He began his career with KPMG LLP and was the director of financial planning for Republic Financial Services before joining Belo in 1992. He received a BBA in Accounting from Baylor University and a Master of Business Administration in Finance from the University of Texas in Arlington.
Grateful for Contributions
“We are supremely grateful for Larry’s contribution and efforts as well as his leadership over these past 17 years; the transformation of our Company in that timeframe has been significant. I know all of our employees and partners join me in thanking Larry for his tremendous contributions as well as wishing him much continued health and happiness in his well-earned retirement.
“We are also excited to welcome Carey to our USPH family as our Chief Financial Officer following a very comprehensive search beginning in January of this year. Carey has established himself as a person of great character and integrity and our team is looking forward to helping him to settle in to his new role with us beginning in November.”
— Chris Reading, Chief Executive Officer
[Source(s): U.S. Physical Therapy Inc, Business Wire]