University of Phoenix Announces Retirement of Dr. Bill Pepicello

  University of Phoenix Announces Retirement of Dr. Bill Pepicello

  Search for New University President in Process; Dr. Pepicello to Remain as
                      President until Successor Is Named

Business Wire

PHOENIX -- September 4, 2013

University of Phoenix today announced that Bill Pepicello, Ph.D., has informed
the institution’s board of trustees of his intention to retire as president of
the University. The board will initiate an immediate search to identify a new
president of the University, and Dr. Pepicello has agreed to remain in his
position as president until a successor is named.

In a memo to University of Phoenix staff, Dr. Pepicello said: “In my nearly 20
years with University of Phoenix, the last seven of which have been in the
role of President, I’ve had the privilege of working alongside so many of you
as we tirelessly built a University to which we’re so deeply committed. I look
forward to working with you as my career with this great institution draws to
a close.”

Dr. Pepicello began his tenure at University of Phoenix in 1995, and has held
a number of leadership roles with the University, including provost, vice
provost for academic affairs and dean of the School of Advanced Studies. His
distinguished career in higher education also includes service as assistant
professor at University of Delaware, department chair for the classics at
Temple University and regional dean for National University. Dr. Pepicello
also served as president of the University of Sarasota, and assisted in
transforming the institution into what is today known as Argosy University.

Dr. Pepicello earned a bachelor of arts degree in classics from Gannon
University, as well as a Master of Arts degree and a Doctorate of Philosophy
degree from Brown University. He serves as the chairman of the Banner Health
Foundation’s board of directors, and is a member of the board of directors of
the Greater Phoenix Economic Council, the United States Department of
Education’s National Advisory Committee on Institutional Quality and
Integrity, the Valley of the Sun United Way, and the Arizona Commission for
Postsecondary Education.

“I want to thank Bill for his nearly two decades of service at the
University,” said Greg Cappelli, chief executive officer of Apollo Group,
parent company of University of Phoenix. “I look forward to continuing to
support the efforts of the University’s leadership team as they continue to
focus on enhancing learning outcomes and career prospects for hundreds of
thousands of hard working Americans. On behalf of the students, alumni,
faculty and staff of the University, I extend my heartfelt thanks and
gratitude to Bill.”

About University of Phoenix

University of Phoenix is constantly innovating to help working adults move
efficiently from education to careers in a rapidly changing world. Flexible
schedules, relevant and engaging courses, and interactive learning can help
students more effectively pursue career and personal aspirations while
balancing their busy lives. As a subsidiary ofApollo Group, Inc. (Nasdaq:
APOL), University of Phoenix serves a diverse student population, offering
associate, bachelor’s, master’s and doctoral degree programs from campuses and
learning centers across the U.S. as well as online throughout the world. For
more information, visit


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