American Public Education Announces Appointment of Harry T. Wilkins to Lead
Hondros College Nursing Programs and Names Richard W. Sunderland, Jr. to
Serve as CFO
CHARLES TOWN, W.Va. -- December 19, 2013
American Public Education, Inc. (NASDAQ: APEI) – parent company of American
Public University System (APUS) and Hondros College, Nursing Programs –
announced that its board of directors has approved a plan for Harry T. Wilkins
to lead the Company’s newest subsidiary and strategic development efforts, and
for Richard W. Sunderland, Jr. to succeed Mr. Wilkins as APEI’s CFO.
Effective January 1, 2014, Harry T. Wilkins, the Company’s current executive
vice president and chief financial officer, will become CEO of National
Education Seminars, which operates Hondros College, Nursing Programs. In
addition, Mr. Wilkins will serve as APEI’s executive vice president and chief
development officer. Mr. Sunderland, currently the APUS senior vice president
of finance, has been appointed to succeed Mr. Wilkins as executive vice
president and chief financial officer of APEI and APUS.
“For nearly ten years, Mr. Wilkins has served our institution with tremendous
distinction – we have greatly benefited from his extensive financial,
operational and business development experience,” stated Dr. Wallace E.
Boston, president and chief executive officer of American Public Education,
Inc. “We believe these capabilities make him exceptionally qualified to lead
Hondros College, Nursing Programs, as well as continue to guide our efforts to
consider and pursue strategic investments and acquisitions.”
Mr. Wilkins joined APUS in January 2007 as CFO, after having served on the
APEI Board of Directors since December 2004 and the APUS Board of Trustees
since January 2005. Mr. Wilkins’ career experience also includes financial and
operational leadership as the former chief financial officer and chief
operating officer of Strayer Education, Inc. (the education services holding
company that owns Strayer University, a regionally accredited university with
campus-based and online operations). In addition, Mr. Wilkins previously
served in other financial, executive and business development roles at the
accounting firms Wooden & Benson and Deloitte & Touche.
Richard “Rick” W. Sunderland, Jr. has been appointed to succeed Mr. Wilkins as
chief financial officer of APEI and APUS. “Rick’s experience as senior vice
president of APUS and previously as a consultant to APUS, along with his
proven track record as CFO of several growth companies makes him the ideal
candidate for our chief financial officer,” stated Dr. Boston. “Moreover, his
belief in the importance of innovation to drive efficiency and his dedication
to our mission serves as a strong strategic and cultural complement to our
executive team and to our institutions.”
Prior to joining APUS, Mr. Sunderland served as the chief financial officer of
NovaSom, Inc., building the company’s corporate financial functions and
providing strong financial leadership during a period of rapid growth from
2008 to 2010. In addition, Mr. Sunderland served as chief financial officer of
Active Day, Inc. between 2005 and 2008, and in various roles, including as
controller, senior vice president and chief financial officer, at
NeighborCare, Inc. from 1993 to 2004. Mr. Sunderland has over 20 years of
experience at leading financial and operational functions, as well as in
building the financial operations of emerging growth companies. During his
career, he also served as senior manager at Price Waterhouse (now PwC).
American Public Education, Inc.
American Public Education, Inc. (NASDAQ: APEI) is a leading education services
provider founded to prepare adult learners for service and leadership in a
diverse global economy. The Company offers respected, innovative and
affordable educational programs and services to students, universities and
partner organizations through wholly owned subsidiaries: American Public
University System (APUS) and Hondros College, Nursing Programs. These
institutions serve over 100,000 adult learners worldwide and offer more than
90 degree programs in fields ranging from homeland security, military studies,
intelligence, and criminal justice to technology, business administration,
public health, nursing and liberal arts. For additional information, please
American Public University System is accredited by the Higher Learning
Commission (HLC) and a member of the North Central Association of Colleges and
Schools (www.ncahlc.org, 312-263-0456). Hondros College is an accredited
member of the Accrediting Council for Independent Colleges and Schools
(ACICS), 750 First Street, NE Suite 980, Washington, DC 20002 (www.acics.org,
202-336-6780). HLC and ACICS are accrediting agencies recognized by the U.S.
Department of Education and the Council for Higher Education Accreditation.
Forward Looking Statements
Statements made in this press release regardingAmerican Public Education,
Inc., or its subsidiaries,that are not historical facts are forward-looking
statements based on current expectations, assumptions, estimates and
projections aboutAmerican Public Education, Inc.and the industry. These
forward-looking statements are subject to risks and uncertainties that could
cause actual future events or results to differ materially from such
statements. Forward-looking statements can be identified by words such as
"anticipate", "believe", "could", "estimate", "expect", "intend", "may",
"should", "will" and "would". These forward-looking statements include,
without limitation, our expected leadership transition. Actual results could
differ materially from those expressed or implied by these forward-looking
statements as a result of various factors, including the various risks
described in the "Risk Factors" section and elsewhere in the Company’s Annual
Report on Form 10-K for the year ended December 31, 2012 and other filings
with the SEC. The Company undertakes no obligation to update publicly any
forward-looking statements for any reason, even if new information becomes
available or other events occur in the future.
American Public Education, Inc.
Christopher L. Symanoskie
Vice President, Investor Relations
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