Business
Greenwood Hall Announces Appointment of Rubinstein, Sucoff, and Poutre to Board of Directors
Greenwood Hall Announces Appointment of Rubinstein, Sucoff, and Poutre to Board of Directors.
About this update from Legacy Education Alliance, Inc.
[{"type":"text","content":"\n\n SANTA MONICA, Calif., Nov. 30, 2016 (GLOBE NEWSWIRE) -- Greenwood Hall, Inc. (OTCQB:ELRN), an education technology company that helps colleges and universities increase revenue and improve student engagement and outcomes,  announced yesterday the appointment of Jerry Rubinstein, Cary Sucoff, and Michael Poutre II to the Company’s Board of Directors. The appointments, which take effect on December 1st, were announced in the wake of the Company completing a $ 4 million financing in October and as the Company experiences growth in its core higher education business.\n The Company also announced that Rubinstein, who also serves as a director and Chair of the Audit Committee of CKE Restaurants and non-executive Chairman of US Global Investors, Inc. (NASDAQ:GROW), will serve as the Chair of the Audit Committee and Lead Independent Director. Sucoff, who serves as a director for ContraFect Corporation (NASDAQ:CFRX), Legacy Education Alliance, Inc. (OTCMKTS:LEAI) and Root9B Technologies (OTCMKTS:RTNB), will serve as the Company’s Compensation Committee Chair. Poutre, a partner in Redwood Fund, L.P., a major shareholder of the Company, will help expand shareholder representation. “We could not be more thrilled to welcome additions to our Board of Directors. These individuals will help Greenwood Hall further execute on our strategic goals, including the expansion into new higher education market opportunities such as law schools and the launch of cyber-security degree programs with our education partners; creating liquidity for our stock; and further improving our balance sheet,” said Dr. John Hall, Greenwood Hall’s Chairman and Chief Executive Officer. “We continue to look at ways to further diversify our Board and we expect to appoint additional members that will help us accomplish that objective while augmenting the Company’s strategic direction,” Hall added. Biographies of the Company’s newly appointed Board members appear below: Jerry Rubinstein Jerry Rubinstein is an attorney and a CPA and has significant experience in Banking, Finance Entrepreneurship and the entertainment business. Mr. Rubinstein was a business manager in the music business handling the financial affairs of prominent artists such as Bing Crosby, Stills, Nash and Young, The Eagles, David Geffen, Joni Mi...