Universal Technical Institute, Inc. announced that Kimberly J. McWaters has advised the Board that she will retire as President and Chief Executive Officer effective October 31, 2019. The Company reported that McWaters will continue to serve as a Class I member of Board of Directors. Jerome A. Grant, the company's Executive Vice President and Chief Operating Officer will become Chief Executive Officer and join the Board of Directors on November 1, 2019. Prior to his role as Chief Operating Officer, Grant spent more than two decades in executive leadership roles at both Pearson Education and McGraw Hill.

Most notably, he launched McGraw-Hill's innovative higher education services business and led Pearson Higher Education's digital product management group through the initial stages of their digital transformation. The company also announced that Conrad A. Conrad will retire from the Board on November 1, 2019. On October 16, 2019, Conrad A. Conrad delivered notice to the company of his intention to retire from his position as a Class I Director of the Board of Directors, and the Board of Directors accepted such retirement, which shall be effective as of November 1, 2019.