Business
American Public Education Announces CEO Transition
CHARLES TOWN, W.Va., Aug. 22, 2019 /PRNewswire/ -- American Public Education, Inc. (Nasdaq: APEI) – parent company of online learning provider American Public
About this update from American Public Education, Inc.
[{"type":"text","content":"CHARLES TOWN, W.Va., Aug. 22, 2019 /PRNewswire/ -- American Public Education, Inc. (Nasdaq: APEI) – parent company of online learning provider American Public University System (APUS) and campus-based Hondros College of Nursing (HCN) – announced today that its Board of Directors named Angela Selden as the Company's next chief executive officer effective September 23, 2019. Ms. Selden was also appointed to the Board of Directors of APEI effective September 23, 2019. Dr. Wallace Boston, currently President of APUS and Chief Executive Officer of APEI, will continue to serve as President of APUS until his expected retirement in June 2020.\n\"On behalf of the Board of Directors, I am delighted to welcome Angela Selden to APEI as our new CEO,\" said Major General (Retired) Barbara G. Fast, chair of the APEI board of directors. \"We completed an extensive CEO search to identify the right leader for our future, consistent with our stated objective of separating the roles of APEI CEO and APUS President. We are also fortunate that Dr. Wally Boston will remain as President of APUS through June 2020, to lead APUS and work together with Angie to provide a seamless transition for APEI. Wally is the standard bearer for leading and operating with integrity, and we are grateful for his 15 year tenure as CEO and President. Wally has not only shown an unwavering commitment to APEI, but has helped define the direction of online post-secondary education. His leadership, vision, and commitment to innovation ushered in a significant period of growth in our history and provided the platform for our bright future.\"\n\"Angie is the right choice to build on this strong foundation. She has a track record of driving growth in both private equity-backed and large publicly traded environments and in executing large-scale business transformation programs. Her experience in delivering workforce solutions to enterprise customers positions her well to help catalyze APEI's ability to respond to the opportunities that arise from the needs of a changing workforce. In Angie we selected a leader who will continue our focus on strengthening our core businesses, while also advancing our future and preparing APEI to deliver sustainable, long-term growth.\"\nIncoming CEO, Angela Selden said, \"This is an important time for APEI and for the advancement of skills for adult...