CHARLES TOWN, W.Va.,
Aug. 22, 2019 /PRNewswire/ --
American Public Education, Inc. (Nasdaq: APEI) – parent company of
online learning provider American Public University
System (APUS) and campus-based Hondros College of Nursing (HCN) – announced
today that its Board of Directors named Angela Selden as the Company's next chief
executive officer effective September 23,
2019. Ms. Selden was also appointed to the Board of
Directors of APEI effective September 23,
2019. Dr. Wallace Boston,
currently President of APUS and Chief Executive Officer of APEI,
will continue to serve as President of APUS until his expected
retirement in June 2020.
"On behalf of the Board of Directors, I am delighted to welcome
Angela Selden to APEI as our new
CEO," said Major General (Retired) Barbara
G. Fast, chair of the APEI board of directors. "We completed
an extensive CEO search to identify the right leader for our
future, consistent with our stated objective of separating the
roles of APEI CEO and APUS President. We are also fortunate that
Dr. Wally Boston will remain as
President of APUS through June 2020,
to lead APUS and work together with Angie to provide a seamless
transition for APEI. Wally is the standard bearer for leading and
operating with integrity, and we are grateful for his 15 year
tenure as CEO and President. Wally has not only shown an
unwavering commitment to APEI, but has helped define the direction
of online post-secondary education. His leadership, vision, and
commitment to innovation ushered in a significant period of growth
in our history and provided the platform for our bright
future."
"Angie is the right choice to build on this strong
foundation. She has a track record of driving growth in both
private equity-backed and large publicly traded environments and in
executing large-scale business transformation programs. Her
experience in delivering workforce solutions to enterprise
customers positions her well to help catalyze APEI's ability to
respond to the opportunities that arise from the needs of a
changing workforce. In Angie we selected a leader who will
continue our focus on strengthening our core businesses, while also
advancing our future and preparing APEI to deliver sustainable,
long-term growth."
Incoming CEO, Angela Selden said,
"This is an important time for APEI and for the advancement of
skills for adult learners. What a tremendous opportunity to build
upon the strong foundation that Wally and the team have built. I
share the Board's desire to pursue growth by leveraging technology,
workforce education and training, and business-to-business
partnerships. I look forward to working with the Board, Wally and
the APUS Board of Trustees, the management team, and the entire
organization to define and execute a strategy that delivers
sustainable, long-term value, while also building upon our legacy
of high-quality, affordable, and flexible higher education."
Dr. Wallace Boston added, "It has
been an honor to serve APUS and APEI and to spearhead innovation in
online higher education and I look forward to continuing to uphold
our mission of educating those who serve. Angie is a dynamic
leader--she brings nearly three decades of extensive, executive
experience and she has my full support. I look forward to the next
stage of growth for both APUS and APEI."
Background on Angela
Selden
Angela Selden brings more than 30
years of experience in technology and technology enabled-services,
both within private-equity and publicly traded environments, and
has deep experience executing business transformation initiatives
for Fortune 500 clients. She is currently CEO and board member of
DIGARC, a leading education technology provider to higher ed
institutions. Previous roles include CEO of Workforce
Insight, a global, strategic workforce consulting, analytics and
services company serving Fortune 100 clients, CEO and Executive
Co-Chairman of Arise Virtual Solutions, a virtual workforce
solutions outsourcer, and interim CEO of Skybridge Americas, a
global contact center and provider of fulfillment
solutions. Ms. Selden serves on the University of St. Thomas, Opus College of Business
Strategic Board of Governors and was honored as the University's
Entrepreneur of the Year for 2012. Ms. Selden currently serves as
Chairman of DinerIQ and as a board member of TalentWave. Earlier in
her career, Ms. Selden spent 18 years at Accenture, including
serving as the Managing Partner, leading the North American
Consumer and Industrial Products group to significant growth.
Ms. Selden graduated from the University of
St. Thomas, St. Paul, MN with a Bachelor of Arts in both
Accounting and Computer Science.
About American Public Education
American Public Education, Inc. (Nasdaq: APEI) is a leading
provider of higher learning dedicated to preparing students all
over the world for excellence in service, leadership and
achievement. The Company offers respected, innovative and
affordable academic programs and services to students, universities
and partner organizations through wholly owned subsidiaries:
American Public University System and National Education Seminars
Inc., which we refer to in this press release as Hondros College of Nursing. Together, these
institutions serve more than 80,000 adult learners worldwide and
offer more than 200 degree and certificate programs in fields
ranging from homeland security, military studies, intelligence, and
criminal justice to technology, business administration, public
health, nursing and liberal arts. For additional information,
please visit www.apei.com.
Forward Looking Statements
Statements made in this press release regarding American
Public Education, Inc., or its subsidiaries, that are not
historical facts are forward-looking statements based on current
expectations, assumptions, estimates and projections
about American Public Education, Inc. and the industry.
These forward-looking statements are subject to risks and
uncertainties that could cause actual future events or results to
differ materially from such statements. Forward-looking statements
can be identified by words such as "anticipate," "believe," "seek,"
"could," "estimate," "expect," "intend," "may," "should," "will,"
"continue," "future" and "would." These forward-looking statements
include, without limitation, statements regarding the changing
workforce and industry and opportunities that may result, expected
growth and ability to deliver sustainable long-term growth, plans
with respect to the timing of the Chief Executive Officer
transition and Dr. Boston's retirement and with respect to recent,
current, and future initiatives, strategies, and partnerships.
Actual results could differ materially from those expressed or
implied by these forward-looking statements as a result of various
factors, including the various risks described in the "Risk
Factors" section and elsewhere in the Company's Annual Report on
Form 10-K for the year ended December 31,
2018, Quarterly Report on Form 10-Q for the period ended
June 30, 2019, and other filings with
the SEC. The Company undertakes no obligation to update publicly
any forward-looking statements for any reason, unless required by
law, even if new information becomes available or other events
occur in the future.
View original
content:http://www.prnewswire.com/news-releases/american-public-education-announces-ceo-transition-300905546.html
SOURCE American Public Education, Inc.