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SageHome Inc. Announces Leadership Transition Amid National Expansion

Curated News for the HR Professional July 22, 2024
By HRMarketer News Staff
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SageHome Inc. Announces Leadership Transition Amid National Expansion

Summary

SageHome Inc. promotes Joe Gorman to CEO as part of its strategic leadership transition and continued national expansion, highlighting the growing demand for aging-in-place solutions.

Full Article

SageHome Inc., a leader in aging-in-place bath remodeling services, has announced a significant leadership transition alongside its continued national expansion. Joe Gorman, previously Chief Operating Officer, has been promoted to Chief Executive Officer, while co-founder Brian Hutto transitions to Vice Chairman of the board. This change reflects SageHome's strategic planning for sustained growth and leadership continuity.

Under Gorman's leadership, SageHome aims to build on its remarkable growth trajectory, which has seen the company expand from six to 24 states in just three years. During this period, SageHome has not only tripled its headcount but also quadrupled its revenue to $160 million, establishing itself as the largest provider in its sector. Gorman's extensive experience in leadership and operations, including roles at Barnes & Noble, GNC, and Home Depot, positions him well to guide SageHome through its next phase of expansion.

The leadership transition is supported by SageHome's board and investors, including Cairngorm Capital Partners LLP, who have expressed confidence in Gorman's ability to lead with the same vision and commitment that has driven the company's success. The move comes at a time when the demand for aging-in-place solutions is growing, as the U.S. population ages and more seniors seek to live safely and comfortably in their homes.

SageHome's focus on bathroom remodeling addresses a critical safety concern for seniors, with most slips and falls occurring in the bathroom. By expanding its services across the U.S., SageHome is not only meeting a significant market need but also making a societal impact by enabling seniors to age in place gracefully. The company's success underscores the potential for continued growth in the aging-in-place industry, as services that support senior independence become increasingly important.

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