Grand Canyon Education, Inc. Announces Board and Board Committee Changes
January 20, 2017 at 09:17 am EST
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Effective January 13, 2017, Mr. Brent D. Richardson resigned from his position as a member and Chairman of the
Board of Directors of Grand Canyon Education, Inc. in order to focus his attention on other business interests.
Effective January 13, 2017, Mr. Bradley A. Casper resigned from his position as a member of the Board of
Directors of the Company, including as Chair of the Nominating and Corporate Governance Committee and as a member of the Audit Committee. Mr. Casper, who became Executive Chairman of a Phoenix, Arizona-based advertising agency in 2016, resigned in order to avoid the appearance of any type of conflict of interest that
could arise in the future associated with his agency's potential consideration for advertising and related
business engagements with the Company. On January 18, 2017, the Board of Directors of the Company appointed Mr. Brian E. Mueller, the President, Chief Executive Officer and a director of the Company, to the position of Chairman of the Board of Directors. In addition, the Board of Directors of the Company made the following changes to its Board committee assignments, effective January 18, 2017. Following such changes in committee assignments, each of the following Board committees have three members, all of whom are independent. Nominating and Corporate Governance Committee: Ms. Sara Dial, an existing member of the Nominating and Corporate Governance Committee, was appointed as Chair of the committee. Compensation Committee: Mr. Kevin F. Warren was appointed as a member and Chair of the Compensation Committee, replacing Mr. David J. Johnson on such committee. Audit Committee: Mr. Johnson was appointed as a member of the Audit Committee. In addition, Ms. Dial was appointed to serve as the Company's lead independent director, replacing Mr. Johnson in that role.
Grand Canyon Education, Inc. is an education services company, which primarily serves colleges and universities. The Company has developed technological solutions, infrastructure and operational processes to provide services to its institutions on a large scale. It provides technology and academic services, which include learning management system (LMS), internal administration, infrastructure, support, program and curriculum, faculty and related training and development, class scheduling and skills and simulation lab sites. The Company provides counseling services and support, including admissions services, financial aid, counseling services, and field experience counseling. The Company provides marketing and communication services that include lead acquisition, digital communication strategies, brand identity advertising, media planning and strategy, video, data science and analysis. Its back-office services include finance and accounting, human resources, audit and procurement.