Former Brookdale CEO leaving company's board

Bill Sheriff, the former CEO of Brookdale Senior Living, has told the senior living company he will not stand for re-election to its board of directors at this year's annual shareholders' meeting. Sheriff led American Retirement Corp. before its 2005 merger with Brookdale and stepped down as CEO of the combined company early last year. Word of his decision to retire from Brookdale's board comes shortly after the company said current CEO Andy Smith had joined the board following the departure of two executives from Fortress Investment Group.