Education Management Announces Appointments to Executive Leadership Team

   Education Management Announces Appointments to Executive Leadership Team

- James Hobby Named Executive Vice President of Operational Services & Support

- Charles Restivo Named President of The Art Institutes -

PR Newswire

PITTSBURGH, Jan. 7, 2014

PITTSBURGH, Jan. 7, 2014 /PRNewswire/ --Education Management Corporation
(NASDAQ: EDMC) today announced that James (Jim) Hobby has been appointed to
the newly created position of executive vice president (EVP) of Operational
Services & Support and Charles Restivo has been named president of The Art

In the newly created role, Hobby will be responsible for providing strategic
direction to the company's Education Shared Services Center, which unites
staff and other resources to better serve students across the four educational
systems - Argosy University, The Art Institutes, Brown Mackie Colleges and
South University. Hobby will draw upon his previous expertise to develop
effective and efficient internal processes, ensure consistent implementation
of best practices across the four education systems, and optimize resource

"Jim comes to Education Management with over 30 years of leadership in
operations roles at several multinational corporations and has a deep
understanding of organizations such as ours," said Edward H. West, EDMC
president and CEO. "His expertise in increasing efficiency and customer
service will help improve student outcomes and will be key as we work to
achieve our objectives."

Prior to joining EDMC, Hobby served as executive vice president-global
operations at Sykes Enterprises, a multinational business processing
outsourcing company where he led operations around the world with 40,000
employees in 23 countries and increased revenues from $400 million to $1.2
billion per year. He also held positions of increasing responsibility at
Gateway Computers, American Express and Federal Express. Hobby will be based
in Pittsburgh and report directly to West.

Restivo has been the interim president of The Art Institutes since June 2013.
He previously served as group vice president for The Art Institutes from 2005
to 2013, where he was responsible for the Central region. He also served as
president of The Illinois Institute of Art – Chicago, from 2001 to 2005. Prior
to joining the Education Management team, he held positions of increasing
responsibility at other higher education institutions, including Wade College
and DeVry Inc. Restivo will report to Danny Finuf, executive vice president
for Education System Operations at EDMC.

"With 40 years' of leadership in the education sector – 12 of which have been
at Education Management – Charles' strong vision and operations experience
makes him the most qualified candidate. He will provide the direction to
further enhance the student experience and develop innovation solutions that
improve affordability for students and enhance relationships with employers,"
said West. "Over the course of his tenure, Charles has proven himself to be an
innovative strategist and an invaluable asset to Education Management."

About Education Management Corporation
Education Management Corporation (, with more than 125,000
students (as of October 2013) at its 110 locations in the U.S. and Canada, is
among the largest providers of post-secondary education in North America,
based on student enrollment and revenue at its campuses. Offering academic
programs through both campus-based and online instruction, the company
provides quality academic programs and is committed to improving access,
affordability and achievement for students. The company's education systems –
Argosy University, The Art Institutes, Brown Mackie Colleges and South
University – offer students the opportunity to earn undergraduate and graduate
degrees and certain specialized non-degree diplomas in a broad range of
disciplines including culinary, business, education, fashion, graphic design,
health sciences, information technology, legal, media arts, and psychology and
behavioral sciences.

Safe Harbor Language
This press release includes forward-looking statements within the meaning of
the Private Securities Litigation Reform Act of 1995. These statements
typically contain words such as "anticipates," "believes," "estimates,"
"expects," "intends" or similar words indicating that future outcomes are not
known with certainty and are subject to risk factors that could cause these
outcomes to differ significantly from those projected. Forward-looking
statements include, but are not limited to, statements related to the
company's future operating and financial performance, and include statements
regarding expected enrollment, revenue, expense levels, capital expenditures
and earnings. Any such forward-looking statements involve risk and
uncertainties that could cause actual results to differ materially from any
future results encompassed within the forward-looking statements. Some of the
factors that could cause actual results to differ materially include, but are
not limited to: changes in the overall U.S. or global economy; changes in
enrollment or student mix; student retention; our ability to maintain
eligibility to participate in Title IV programs; changes in government
spending; increased or unanticipated legal and regulatory costs; success of
cost-cutting initiatives and growth strategies; changes in accreditation
standards; the implementation of new operating procedures for our fully online
programs; government and regulatory changes including revised interpretations
of regulatory requirements that affect the postsecondary education industry;
new programs and operational changes implemented in response to the "gainful
employment" financial metrics; the potential impact of the draft "gainful
employment" regulation issued by the U.S. Department of Education on Aug. 30,
2013; and other factors discussed in our filings with the Securities and
Exchange Commission, including those identified in the "Risk Factors" section
of our Annual Report on Form 10-K and our Quarterly Reports on Form 10-Q. Past
results of Education Management are not necessarily indicative of its future
results. Education Management does not undertake any obligation to update any
forward-looking statements, except as required by securities laws.

SOURCE Education Management Corporation

Contact: Chris Hardman, Vice President of Communications, (412) 995-7187,
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