Executive Management - Our Company - Classic Residence by Hyatt
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Executive management.


Penny Pritzker, Chairman and CEO

Penny Pritzker is founder, chairman, and CEO of Classic Residence by Hyatt, which currently owns, manages, and operates 18 luxury retirement communities in 10 states nationwide. Pritzker also serves as president and CEO of Pritzker Realty Group, L.P., overseeing all of the Pritzker family's non-hotel real estate investments. Pritzker Realty Group manages a diverse portfolio of assets across the United States, including land developments, industrial parks, apartments, office buildings, and off-airport parking. Recently, Pritzker Realty Group was awarded the Developer of the Year and Development of the Year at the Greater Chicago Commercial Real Estate award ceremony for the 1.7 million square foot Hyatt Center, Global Hyatt Corporation's new headquarters. In addition, Pritzker Realty's Baldwin Park Development in Orlando, Florida received the Urban Land Institute's Award for Excellence in 2004.

Pritzker is chairman of the Board of TransUnion Corporation, which is engaged in the credit data and information management business. In addition, she serves on the boards of Global Hyatt Corporation, LaSalle Bank Corporation, and The Marmon Group. Pritzker was a board member from 1994 to 2005 and chair of the Governance Committee of the William Wrigley Jr. Co.

Pritzker is very involved in the reform of Chicago's public education system. She is vice chairman of the Chicago Public Education Fund, a founding member of the Board of Young Women's Leadership Charter School, and she chairs a Blue Ribbon Task Force for Chicago Public Schools entitled "Leading to Great Principals." In 2002, Pritzker was elected to the Harvard Board of Overseers and currently co-chairs the President's Advisory Committee on the Allston Initiative. Recently, Pritzker agreed to co-chair the Children's Memorial Hospital campaign to build a new $750 million hospital. Pritzker is a member of the Council on Foreign Relations, the Real Estate Roundtable, the Urban Land Institute, the Commercial Club of Chicago, the Young Presidents' Organization, and the Chicago Network. She is a life trustee and former chairman of the board of the Chicago Museum of Contemporary Art.

Pritzker earned her bachelor's degree in economics from Harvard University and J.D. and M.B.A. degrees from Stanford University. She was admitted to the Illinois bar in 1985.




J. Kevin Poorman, Vice Chairman

In his position as vice chairman, Kevin Poorman oversees all legal and policy issues for Classic Residence by Hyatt and other Pritzker-owned companies. He is also an officer and director for multiple Pritzker family-owned entities.

Poorman serves on the board of trustees of Loyola University of New Orleans and is a member of the American, Illinois, and Texas Bar Associations. In law school, he was a member of the Order of the Coif, the Oklahoma Law Review, and the American Indian Law Review. He received his B.S. and J.D. degrees from the University of Oklahoma, graduating from law school with highest honors.




Randal J. Richardson, President

Randy Richardson leads Classic Residence by Hyatt’s strategic growth initiatives, which are designed to enhance the economic value of the company and further position the company as an industry leader. Under his leadership, the company has completed or initiated over $1 billion of new development. Richardson’s operations experience has enabled the company to establish itself as a first-class operator of senior living communities.

Richardson has an extensive background in property development, management, and marketing. Before joining Classic Residence by Hyatt, he served as senior vice president of asset management for General Growth Properties, Inc. In this position, he was responsible for a portfolio of properties located nationwide with a market value in excess of $4 billion. Richardson was responsible for all operational issues as well as several development, acquisition, and expansion projects in his portfolio.

Richardson also serves on several industry trade organizations and earned his bachelor of science degree from Iowa State University in Ames, Iowa, majoring in marketing/economics.




Gary Smith, Chief Financial Officer
Gary Smith is responsible for directing the company's fiscal functions and performance, including development and implementation of operational and financial strategies and systems, budgeting, financial analysis, cash management, procurement, capital requirements and funding/cash-flow resources.

Smith has over 20 years of experience in the real estate industry. Most recently, he served as vice president of finance for Northbrook Corporation in Chicago, an affiliate of JMB Realty. His accomplishments included successful restructurings, negotiating and closing more than $1 billion in financing, and playing a key role in acquisitions and sales. Prior to that, Smith served as portfolio manager at Northbrook. He also has experience as a senior audit manager with KPMG, a Big 4 public accounting firm. Smith graduated summa cum laude from Northern Illinois University with a bachelor of science degree in accountancy. He is a certified public accountant.



William S. Sciortino, Senior Vice President of Operations
As senior vice president of operations, Bill Sciortino oversees Classic Residence by Hyatt's 18 operating communities. His corporate and community-based teams plan and deliver administrative, food and beverage, resident care, activities and programming, information technology, and facilities management services 365 days per year. Additionally, he is responsible for defining long-term operating goals and planning for future strategic growth and revenue generation.

Previously, Sciortino served as chief information officer for Classic Residence by Hyatt. As CIO, he created the company's first Strategic Information Systems plan, enhanced its nationwide IT infrastructure, and led the implementation of several core applications used to manage the business today.

Prior to joining Classic Residence by Hyatt, Sciortino served as the first chief information officer for Ecker Enterprises, Inc., a Chicago-based subcontractor with construction operations in four states. Sciortino's extensive background in real estate, information systems, and sales includes experience as a senior manager in Ernst & Young, LLP's real estate technology group; as general manager and chief financial officer for Crest Masonry, Inc.; and in various sales and management positions at The Mead Corporation (now MeadWestvaco).

Sciortino graduated magna cum laude with a bachelor of arts degree in business management from Hiram College in Hiram, Ohio.


Stephanie W. Fields, Senior Vice President and General Counsel
As senior vice president and legal counsel, Stephanie Fields provides legal oversight of Classic Residence by Hyatt's operations, transactions, and risk management.

Prior to joining Classic Residence by Hyatt, Fields served as assistant vice president and senior counsel for Hyatt Hotels Corporation, where she supervised commercial litigation. In this position, she also provided legal representation for the company's risk management, sales, marketing, and public relations departments. Fields has additional experience as an associate at Phillips, Lytle, Hitchcock, Blaine & Huber, L.L.P. in New York City, where she focused on commercial and bankruptcy litigation.

A graduate of Boston University, Fields earned her J.D. from the Boston University School of Law.



Meg Ostrom, Senior Vice President of Sales and Marketing

As senior vice president of sales and marketing, Meg Ostrom is responsible for revenue generation, occupancy, and sales and marketing efforts for Classic Residence by Hyatt’s operating communities and new community developments. She also oversees corporate marketing, brand development, and public relations efforts.

Prior to joining Classic Residence by Hyatt, Ostrom held senior business and marketing positions at Sears Holdings Corporation, including the vice president role in several merchandising units. She joined the company in 1993 as national director of marketing to launch the award-winning Softer Side of Sears campaign and led the women’s apparel marketing organization.

She serves on the board of directors for Kids in Distressed Situations (K.I.D.S.), a New York-based children’s charity, and is a volunteer mentor for Women Unlimited.

Ostrom earned her bachelor of science degree in design and merchandising from Drexel University in Philadelphia, Pennsylvania.




Diane Cook, Vice President of Human Resources

As vice president of human resources, Diane Cook oversees Classic Residence’s human resources function, including compensation and benefits, training, leadership development, and recruitment. In addition, she leads the human resources functions at the corporate office and Classic Residence by Hyatt communities from coast to coast in effective execution of  the employee relations strategy.

During her career, Cook previously served as a regional human resources director at Classic Residence by Hyatt in addition to her 20 years of human resources management and legal experience. Before joining Classic Residence by Hyatt, Cook served as vice president of human resources and general counsel for Cookeville Regional Medical Center near Nashville, Tenn. Cook has also served as human resources director and labor relations counsel for ACS and for Cummins, Inc.

Cook holds a J.D. from the University of Tennessee and practiced law for several years before transitioning to human resources management.



In the News

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Contact

Liza Michaels
Public Relations
(312) 803-8490
lmichaels@hyattclassic.com

Downloads

Classic Residence by Hyatt Press Kit
Classic Moments Calendar 2008
Money Matters - The Value of Continuing Care
Money Matters - Compare the Value