Universal Technical Institute Appoints Lieutenant General William J. Lennox,
Jr. to its Board of Directors
SCOTTSDALE, Ariz., Jan. 13, 2014
SCOTTSDALE, Ariz., Jan.13, 2014 /PRNewswire/ -- Universal Technical
Institute, Inc. (NYSE: UTI), the leading provider of automotive technician
training, today announced the appointment of Lieutenant General William J.
Lennox, Jr. (USA Ret.), to its Board of Directors. With his addition, the
Board will have ten members.
Mr. Lennox left active service in 2006 after a 35-year Army career. He retired
as the 56th Superintendent of the United States Military Academy at West
Point, following commands at every level of field artillery from battery to
Prior to his position at West Point, Mr. Lennox served as the Chief, Army
Congressional Liaison, reporting to the Secretary of the Army with
responsibility for development and execution of the Army's congressional
Mr. Lennox served as Senior Vice President, Washington, D.C., for Goodrich
Corporation, a Fortune 500 aerospace firm, from 2006 to 2012. He was
responsible for developing and executing strategy for the company's DOD
programs and for interfacing with Congress, the executive branch and state and
local governments, as well as aerospace contractors.
Mr. Lennox currently serves on the Board for Princeton Power Systems, a
privately held manufacturer of advanced power conversion products and
alternative energy systems. Additionally, he is a member of the Board of
Trustees for Saint Leo University and also runs his own consulting company.
Mr. Lennox holds a bachelor's degree in international affairs from the United
States Military Academy at West Point, as well as a master's degree and Ph.D.
in literature from Princeton University.
"We are so pleased to have Bill join our Board of Directors," said Kimberly
McWaters, chairman of the board and chief executive officer of UTI. "His
exceptional military career and his expertise in developing and managing
strategic relationships between the private sector and government entities
provide a unique set of experiences and capabilities that will benefit UTI."
Safe Harbor Statement
All statements contained herein, other than statements of historical fact, are
"forward-looking" statements within the meaning of Section 21E of the
Securities Exchange Act of 1934 and Section 27A of the Securities Act of 1933,
as amended. Such statements are based upon management's current expectations
and are subject to a number of uncertainties that could cause actual
performance and results to differ materially from the results discussed in the
forward-looking statements. Factors that could affect the Company's actual
results include, among other things, changes to federal and state educational
funding, changes to regulations or agency interpretation of such regulations
affecting the for-profit education industry, possible failure or inability to
obtain regulatory consents and certifications for new or expanding campuses,
potential increased competition, changes in demand for the programs offered by
UTI, increased investment in management and capital resources, the
effectiveness of the recruiting, advertising and promotional efforts, changes
to interest rates and unemployment, general economic conditions of the Company
and other risks that are described from time to time in the Company's public
filings. Further information on these and other potential factors that could
affect the financial results or condition may be found in the Company's
filings with the Securities and Exchange Commission. The forward-looking
statements speak only as of the date of this press release. Except as
required by law, the Company expressly disclaims any obligation to publicly
update any forward-looking statements whether as a result of new information,
future events, changes in expectations, any changes in events, conditions or
circumstances, or otherwise.
About Universal Technical Institute, Inc.
Headquartered in Scottsdale, Arizona, Universal Technical Institute, Inc.
(NYSE: UTI) is the leading provider of post-secondary education for students
seeking careers as professional automotive, diesel, collision repair,
motorcycle and marine technicians. With more than 170,000 graduates in its
48-year history, UTI offers undergraduate degree and diploma programs at 11
campuses across the United States, as well as manufacturer-specific training
programs at dedicated training centers. Through its campus-based school
system, UTI provides specialized post-secondary education programs under the
banner of several well-known brands, including Universal Technical Institute
(UTI), Motorcycle Mechanics Institute and Marine Mechanics Institute (MMI) and
NASCAR Technical Institute (NASCAR Tech). For more information visit
SOURCE Universal Technical Institute, Inc.
Contact: John Jenson, Vice President, Corporate Controller, Universal
Technical Institute, Inc., (623) 445-0821
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