Apollo Group, Inc. Announces Retirement Timetable of Co-CEO Charles B. Edelstein
January 05 2012 - 4:05PM
Business Wire
Apollo Group, Inc. (Nasdaq: APOL) today announced that Charles
B. “Chas” Edelstein will retire as co-Chief Executive Officer and
director of the company on August 26, 2012. Following his
retirement as co-CEO, Mr. Edelstein will serve the company in a
part-time advisory capacity through February 2013.
Gregory W. Cappelli will assume all duties and responsibilities
as Chief Executive Officer of Apollo Group, upon Mr. Edelstein’s
retirement later this year. Mr. Edelstein and Mr. Cappelli have
served together as co-CEOs of Apollo Group since 2009, jointly
managing the company’s business and leading the firm’s executive
management team.
“Helping to lead Apollo Group through a critical chapter in the
company’s history has been my most rewarding professional
accomplishment,” said Edelstein. “I am immensely proud of the
world-class leadership team Greg and I have built over the past
three years. Together we launched a cutting-edge technology
learning platform, rolled out industry-leading student protection
measures and implemented an aggressive corporate diversification
and development strategy. I’m gratified to know that these efforts
have made such a positive impact on the company.”
“Chas has made a series of tremendously valuable contributions
during his tenure as co-CEO,” said Cappelli. “Chas and I have
worked together with our team to help build a clear strategic
roadmap for the company, to differentiate and diversify our
educational portfolio, and to make significant improvements to the
student experience. I personally thank Chas for his leadership,
dedication, and most importantly his friendship to so many of us at
Apollo Group.”
About Apollo Group, Inc.
Apollo Group, Inc. is one of the world's largest private
education providers and has been in the education business for more
than 35 years. The Company offers innovative and distinctive
educational programs and services both online and on-campus at the
undergraduate, master's and doctoral levels through its
subsidiaries: University of Phoenix, Apollo Global, Institute for
Professional Development and College for Financial Planning. The
Company's programs and services are provided in 40 states and the
District of Columbia; Puerto Rico; Latin America; and Europe, as
well as online throughout the world.
For more information about Apollo Group, Inc. and its
subsidiaries, call (800) 990-APOL or visit the Company's website at
http://www.apollogrp.edu.
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