John Erickson, chairman and founder of Catonsville-based Erickson Retirement Communities, stepped down as chief executive officer of the company Tuesday.
Erickson, 65, who founded the company in 1983, named Bruce “Rick” Grindrod as new CEO, effective immediately. Grindrod had been serving as president of Erickson Developing Enterprises, the company’s business development unit.
“Rick is the right leader for this point in our company’s history,” Erickson said in a statement. “Rick and I have worked together for nearly 25 years, venturing into unknown territories, dealing with aggressive growth and stabilizing our business operations, yet always keeping our residents and their needs as our number one priority.”
Erickson manages 23 retirement communities in 13 states.
41 million haven’t started holiday shopping
With fewer than 10 shopping days left before Christmas, more than 41 million people have not started their holiday shopping, according to the National Retail Federation.
Only 8 percent of shoppers say they have completely finished their shopping, with the average person saying they have completed about half of their shopping, according to the NRF survey.
Shopper are expected to visit a variety of retailers over the next eight days, with discount stores and department stores the top spots for shopping. About 40 percent of people plan to shop online for the remainder of their holiday shopping.
— Compiled by Andrew Cannarsa
