Apollo Group Appoints John Sperling Chairman Emeritus
PHOENIX -- December 13, 2012
Apollo Group, Inc. (NASDAQ: APOL) today announced that Dr. John G. Sperling
will retire as executive chairman of the company’s board of directors,
effective December 31, 2012. Dr. Sperling, who founded Apollo Group in 1972,
was named chairman emeritus by the board, in recognition of his tireless
service and countless contributions to the company.
Additionally, the company announced that Peter V. Sperling has been elected
chairman of the board of directors. Mr. Sperling, who is the son of Dr.
Sperling, most recently served as vice chairman of the board, and has held
numerous management roles with Apollo Group since he joined the company in
1983. Terri Bishop, executive vice president and senior advisor to the CEO of
Apollo Group, was elected vice chair of the board. Both Mr. Sperling and Ms.
Bishop will assume their new roles effective December 31, 2012.
“It’s nearly impossible to overstate how fully my father has devoted himself
to Apollo Group and its mission since he created Apollo Group four decades
ago,” said Peter Sperling.
“On behalf of every employee of Apollo Group, I express my most profound
gratitude to John Sperling, for his immeasurable contributions to the
betterment of society through access to high quality educational programs,”
added Apollo Group CEO Greg Cappelli.
Separately, the company announced today that Matthew Carter, Jr. has been
appointed to the company’s board of directors, filling an existing vacancy.
Mr. Carter will serve as an independent director of the company, and will sit
on the audit and finance committees of the board of directors.
Mr. Carter currently serves as president of Sprint Nextel Corporation’s Global
Wholesale & Emerging Solutions business unit. Mr. Carter previously served as
president of Sprint’s Boost Mobile prepaid group. Before joining Sprint, Mr.
Carter held leadership and management roles with Coca-Cola, PNC Financial
Services Group, Leap Wireless, Royal Bank of Canada and BellSouth Corporation.
“We are very fortunate to have Matt Carter join the Apollo board,” added Peter
Sperling. “Matt brings deep management, operations, marketing and
international business expertise to the company, along with a track record of
growing and strengthening well-known consumer brands.”
Widely recognized as a transformative business leader, Mr. Carter was named to
Black Enterprise magazine’s 100 Most Powerful Executives in Corporate America
list in 2011 and in 2012. Mr. Carter holds a bachelor’s degree from
Northwestern University, and an MBA degree from Harvard Business School.
About Apollo Group
Apollo Group, Inc.is one of the world's largest private education providers
and has been in the education business for approximately 40 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 Developmentand College for Financial Planning. The Company
offers programs and services throughoutthe United Statesand inLatin
AmericaandEurope, as well as online throughout the world.
Apollo Group, Inc.
Investor Relations Contact:
Beth Coronelli, 312-660-2059
Media Relations Hotline, 602-254-0086
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