Oakwood Village CEO ousted following resident complaints
Oakwood Village, the largest retirement care organization in Madison, has removed its CEO after residents expressed concerns about his financial decisions and credentials, according to a report from the Wisconsin State Journal.
Reginald Hislop III, who was named CEO in November 2019, was fired Tuesday, said Stan Payne, chairman of a nine-member group called Concerned Residents of Oakwood University Woods, which is the organization’s campus on Madison’s West Side.
Calvin Williams, chairman of the Oakwood board, confirmed in a statement that Hislop was no longer employed at Oakwood as of Tuesday, but said Oakwood was on solid financial footing.
Residents claim a project to build a new west side Oakwood nursing home along with high-risk investments led to financial losses that will drive up resident fees. The residents also allege that Hislop claims to have graduate degrees for which the universities involved have no record.