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
"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.
Apollo Group, Inc.
Apollo Group Media
Beth Coronelli, 312-660-2059