Former Heinz CEO and a Retired Air Force General to Stand for Election to
Education Management Board of Directors
William R. Johnson Will Be Nominated to Serve as Non-Executive Chairman of the
PITTSBURGH, Oct. 3, 2013
PITTSBURGH, Oct. 3, 2013 /PRNewswire/ --Education Management Corporation
(NASDAQ: EDMC) today announced that William (Bill) R. Johnson, former
Chairman, President & CEO of H.J. Heinz Company, and General (Ret.) Lester
(Les) L. Lyles, United States Air Force, have been nominated to serve as new
members of the company's Board of Directors and help support the company's
overall effort to improve access, affordability and achievement for students.
If approved by the company's shareholders, they will join the Board of
Directors at the time of the annual shareholders meeting on November 8, 2013.
"I am delighted that Bill and Les have agreed to serve on our board of
directors," said Edward H. West, president and CEO of Education Management
Corporation. "They both have deep and diverse experience across a range of
roles in the private and public sectors, and we believe their perspective and
support will help us to deliver on the higher education needs in the
"Bill brings to the Board his strategic vision for growth, business strategy,
global business skills, marketing acumen, and a consumer focus. Les, through
his deep military experience and service as a director of several notable
companies, is uniquely qualified to provide critical strategic and business
advice. At EDMC, we are committed to academic excellence and the success of
our students. I am confident their support and expertise as new Board members
will be invaluable as we seek to meet our goal of having 1 million graduates
If approved by the shareholders, Johnson will be nominated by the Board to
serve as Non-Executive Chairman. He will succeed Todd S. Nelson, who will not
stand for re-election as a director at the end of his current term.
West added, "I would also like to thank Todd for his years of hard work,
dedication and many contributions to the company over the years."
"I am very familiar with EDMC and have been quite impressed with the progress
the company has made to position itself to succeed in the current environment
for post-secondary education. I believe that it has the right combination of a
student-centric focus, program offerings leading to successful employment, and
academic and managerial leadership," said Johnson. "I look forward to working
with Ed and my fellow Board members to assist the company in those efforts."
Lyles is a 35-year veteran and retired four-star general in the United States
Air Force with a distinguished career during which he served as Commander of
Ogden Air Logistics Center, Hill Air Force Base, Utah; Commander of the Air
Force Space & Missiles Systems Center, Los Angeles Air Force Base, Calif;
Director of the Ballistic Missile Defense Organization, Pentagon; Vice Chief
of Staff of the U.S. Air Force, Pentagon; and Commander, Air Force Materiel
Command, Wright-Patterson Air Force Base, among other assignments.
"I have been impressed by the commitment of the company, and its education
systems, to its students and stakeholders," said Lyles. "I am excited to be
nominated to join the EDMC Board of Directors and drive efforts to support the
expansion of programs tailored for a diverse student population and helping
veterans transition to the private sector through higher education."
About Education Management
Education Management Corporation (www.edmc.edu), through its 110 colleges and
universities in the U.S. and Canada, including Argosy University, The Art
Institutes, Brown Mackie Colleges and South University, provides traditional
and nontraditional students with the access and opportunity to improve their
lives through education. In its more than 40-year existence, Education
Management has offered academic programs through campus-based and online
instruction, and successfully graduated more than 370,000 students. Education
Management is committed to offering quality academic programs and strives to
improve the learning experience for all students. Undergraduate and graduate
degrees and certain specialized non-degree diplomas are offered in a broad
range of disciplines, including media arts, health sciences, design,
psychology and behavioral sciences, culinary, business, fashion, legal,
education and information technology.
IMPORTANT ADDITIONAL INFORMATION WILL BE FILED WITH THE SEC
Education Management Corporation plans to file with the Securities and
Exchange Commission and mail to its shareholders a Proxy Statement in
connection with the nomination of the directors discussed herein. PLEASE READ
THE PROXY STATEMENT WHEN IT IS AVAILABLE AS IT WILL CONTAIN IMPORTANT
The proxy statement and other relevant documents will be available for free at
the website of the SEC (www.sec.gov) or from Education Management Corporation
by following instructions to be included in the proxy statement. Investors
may also contact Investor Relations at 210 Sixth Avenue, 33^rd Floor,
Pittsburgh, Pennsylvania 15222 or call (412)562-0900 to obtain a hard copy of
the proxy statement, when it is available, and other relevant documents
PARTICIPANTS IN THE SOLICITATION
Education Management Corporation is a participant in the solicitation of
proxies in favor of the directors discussed herein.
MEDIA CONTACT: INVESTOR RELATIONS CONTACT:
Mark Toth John Iannone
Sr. Director of Communications Director of Investor Relations
Education Management Corporation Education Management Corporation
(412) 995-7263 (412) 995-7727
SOURCE Education Management Corporation
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