StoneMor has new CEO

Joe Redling led cemetery and funeral home operator StoneMor through a time of transition.  That transition culminated with the public company being taken private in a buy-out from Axar Capital Management in early November 2022.  While the company is now a private enterprise concern and Funeral Director Daily has no access to its financial operations, we did take a look at their website the other day.

What we found is that Joe Redling is no longer the CEO.  However, he is continuing with a seat on the Board of Directors.  We also noticed that, sometime in November, a new CEO and President has taken over those duties replacing Redling.  According to the StoneMor website, Lilly Donohue is now the head day-to-day management officer of the company.

We have listed Ms. Donohue’s biography as posted on the StoneMor website :

LIlly Donohue
StoneMor President and CEO

“Lilly H. Donohue was named President and Chief Executive Officer and appointed to the Board of Directors in November 2022. Ms. Donohue most recently served as the Chief Executive Officer of Holiday Retirement, the largest independent senior living owner and operator in the United States with over 300 communities in 46 states. During her tenure at Holiday, she led Holiday to become the first senior living company to be certified as a Great Place to Work in 2018 and has been named Great Place to Work for four consecutive years (2018-2021). Prior to Holiday, Lilly was responsible for setting up Fortress Investment Group’s China investment office and was the President of Fortress Investment Group China. During her time in China, Ms. Donohue also built the leading senior living company and home care business (Starcastle (Xingbao) Senior Living) in Shanghai, China for Fortress Investment Group and was the Chief Executive Officer of Starcastle from its inception in 2013. Before moving to China in 2011, Lilly was a managing director and member of the management committee at Fortress Investment Group since its inception in May 1998. Prior to Fortress, Lilly started her career at BlackRock Financial Management Inc. in May 1992 to May 1997 where she was involved in all facets of raising capital, investing and managing BlackRock Asset Investors, a private equity fund.

Lilly received a Bachelor of Science in Business Administration from Boston University. Ms. Donohue currently serves on the Dean’s Advisory Board of Boston University’s Questrom School of Business and the Senior Living Management Advisory Board of University of Central Florida’s Rosen College of Hospitality Management. Ms. Donohue is also a board member of Synthesis Health, a next-generation technology and services company in North America, building and utilizing artificial intelligence solutions as part of a comprehensive radiology software platform to drive superior patient and practice outcomes.”

The Home Page of the StoneMor website continues to mention that the company operates 370 physical properties in the United States and Puerto Rico:  301 cemeteries and 69 funeral homes.

Here is the StoneMor website

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