Silverado President Shamim Wu Exits Company

Less than a year after assuming the role of president and chief operating officer at memory care giant Silverado, Shamim Wu has left the company.

Wu and Silverado Chairman and CEO Loren Shook mutually agreed upon the separation last week.

“Over the last eight months it became evident that this was not a good culture fit,” Wu told Senior Housing News. “We have amicably agreed to separate. I met some wonderful people at Silverado, I wish them the best.”

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Shook now has assumed the title of president at the Irvine, California-based company that he co-founded. Its resident capacity of 2,711 makes Silverado the eighth-largest memory care provider in the nation, according to 2016 rankings from provider association Argentum.

“Shamim is a driven leader who has many great qualities that will serve her and the industry well for years to come, and we wish her the best in her future endeavors,” Shook told SHN.

After starting out in a sales position at Summerville Senior Living 13 years ago, Wu rose through the industry ranks. She served as senior regional director of sales and marketing for Emeritus Senior Living, then transitioned to the executive team at Holiday Retirement, the nation’s largest independent living provider. In January 2016, she made the move to Silverado.

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Wu has been outspoken about the need for senior living to keep cultivating young talent for top leadership positions, and recently discussed her own career trajectory at the National Investment Center for Seniors Housing & Care (NIC) annual conference in Washington, D.C. While her departure from Silverado may be an unexpected twist in that story, Wu indicates that that her next move will still be in the senior living realm.

“[I] am looking forward to the next phase of my career in senior living,” she said.

Written by Tim Mullaney

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