Thomas J. Costello
Chief Financial Officer
Mr. Costello is the Chief Financial Officer for Discovery Senior Living. He previously held the position of Senior Vice President of Finance, Accounting and Information Technology and managed the treasury and IT operations for over a decade. In that role his responsibilities included managing cash flow, short- and long-term planning, financial analysis and reporting, as well as risk management. Additionally, he was responsible for constructing the pro forma financial models for all new projects and he worked closely with the CFO on all major financing transactions.
Mr. Costello brings a wide range of experience to Discovery beyond debits and credits. He began his career in Boston in the property & casualty insurance industry where he gained proficiency in many of the nuances of risk management. In 1994 he relocated to Tampa, Florida, where he went to work for Price Waterhouse providing research and analysis to the firm’s management. It was also at Price Waterhouse where Mr. Costello began building complex financial models and database applications. These solved many of the firm’s logistical problems by combining billing systems at a time when the firm merged with Coopers & Lybrand.
Additionally, Mr. Costello has worked as a consultant with companies such as the New York Times, Inc. to streamline efficiencies in finance and accounting operations through rigorous workflow analysis and identifying and implementing best practices.
In 2000 Mr. Costello joined Discovery’s predecessor, Aston Care Systems, Inc. while the Aston Gardens portfolio was in development. Mr. Costello managed the cash flows and cost reporting for the last four projects Aston developed. He also developed the pro-forma models for each of the projects, which planned the projects from land acquisition, development, fill-up, stabilized operations and, ultimately, to sale.
Mr. Costello graduated from Bentley College with a Bachelor of Science in Finance and was a member of the Phi Theta Kappa National Honor Fraternity. He lives in Land O Lakes, Florida, and when he is not spending time with his wife and two children he is active in Tampa’s live music scene playing bass and guitar.