Higher One Announces Senior Leadership Succession Plan
January 12 2012 - 8:30AM
Business Wire
Higher One announced today that Dean Hatton plans to retire as
the Company’s Chief Executive Officer on or before June 30 of this
year. The Board has named Mark Volchek, co-founder and Chief
Financial Officer, to succeed Mr. Hatton as CEO effective upon Mr.
Hatton’s retirement. The Board has promoted Miles Lasater,
co-founder and Chief Operations Officer, to the additional role of
President following Mr. Hatton’s retirement. The board also intends
to elect Mr. Lasater to replace Mr. Volchek as Chairman of the
Board at the time of the 2012 Annual Shareholder Meeting,
continuing the separation of the Chairman and CEO roles. The
company will launch a search for a new CFO to succeed Mr. Volchek
in the near future. Mr. Hatton will continue to serve as a member
of the Board of Directors.
“In my time at Higher One I’ve had the privilege of working with
some of the most innovative, intelligent, and hardworking people
I’ve ever met,” said Mr. Hatton. “Over the past decade I have
worked closely with the founders to grow Higher One from a nascent
idea into a thriving company, currently offering services to over
770 college campuses with total enrollment of over 5.8 million
students. It has been a pleasure to watch Mark and Miles grow with
the company, and they are extremely qualified to lead Higher One
through the next phase of its growth. As I transition out of my
role as CEO, I am fully confident in the ability of Mark and Miles
to continue to lead a fast-growing business that employees love
working for and that clients love doing business with.”
“Dean has been instrumental in growing Higher One from a
start-up into a highly successful public company,” said Stewart
Gross, Partner at Lightyear Capital and lead independent director
of Higher One. “He has consistently demonstrated a superb ability
to build consensus and motivate people towards a common goal. Since
being named CEO in 2002, Dean has helped the founders realize their
vision for the company, and helped Higher One reach this stage of
maturity. We are excited to have Mark and Miles continue Higher
One’s growth through their strong leadership, industry knowledge,
and strategic vision.”
Mr. Volchek said, “Dean, Miles and I have worked very closely
together in shaping and executing the company’s strategy for the
past 10 years. We don’t anticipate any change in our strategy or
operating model as a result of this well planned transition.”
About Higher One Holdings, Inc.
Higher One Holdings, Inc. (NYSE: ONE) is a leading company
focused on helping college business offices manage operations and
providing enhanced service to students. Through a full array of
services from refunds, payments, electronic billing, payment plans
and more, Higher One works closely with colleges and universities
to ensure students receive Financial Aid refunds quickly, can pay
tuition and bills online, make on-campus and community purchases
and learn the basics of financial management.
Higher One provides its services to approximately 5.8 million
students at distinguished public and private higher education
institutions nationwide. More information about Higher One can be
found at www.ir.higherone.com.
OneSmart International E... (NYSE:ONE)
Historical Stock Chart
From May 2024 to Jun 2024
OneSmart International E... (NYSE:ONE)
Historical Stock Chart
From Jun 2023 to Jun 2024