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8-K - FORM 8-K - APOLLO EDUCATION GROUP INC | p18664e8vk.htm |
Exhibit 99.1
APOLLO GROUP, INC. ANNOUNCES THE HIRING OF TIMOTHY DANIELS AS PRESIDENT OF APOLLO GLOBAL
PHOENIX, February 24,2011 Apollo Group, Inc. (NASDAQ: APOL) (Apollo Group or the Company)
today announced that its majority-owned subsidiary Apollo Global, Inc. (Apollo Global) has named
Timothy F. Daniels as President of Apollo Global, effective immediately. Mr. Daniels will oversee
all aspects of the management of Apollo Global, a leading international education services
provider. He will report directly to Gregory Cappelli, Co-Chief Executive Officer of Apollo Group
and Chairman of Apollo Global.
We are pleased to have Tim join Apollo Global at such an exciting time for our organization, said
Cappelli. His wealth of experience and substantial expertise will be a strong asset to our
organization and a valuable complement to the excellent management team at Apollo Global. His
selection reflects our continued commitment to broaden our educational options and access for
students on an international scale.
Mr. Daniels most recently served as Chairman and Chief Executive Officer for Wall Street Institute
(WSI), a provider of English instruction for individuals and corporate clients around the world.
Immediately prior to assuming his position at WSI, Mr. Daniels was the managing director
responsible for K-12 investments for Sylvan Ventures, the venture capital investment arm for Sylvan
Learning Systems. He received his MBA from the University of Chicago and a BBA from the University
of Wisconsin.
Mr. Daniels succeeds Jeff Langenbach, who has accepted a new assignment with Apollo Group as both
Chief of Staff for the Office of the CEO and Chief Administration Officer (CAO). As Chief of
Staff, Mr. Langenbach will support the Co-CEOs on critical strategic initiatives and lead key
Apollo Group support services. Mr. Langenbach will continue to be integrally involved with Apollo
Global, as Vice Chairman of the Board.
We are very proud of the great work Jeff has done in launching Apollo Global and managing the
organization since its inception, said Mr. Cappelli. During his tenure, Apollo Global has grown
to provide educational offerings to students on three continents. We believe that Apollo Group
will continue to benefit from Jeffs talents and expertise as he takes on this new challenge, said
Charles Edelstein, Co-Chief Executive Officer of Apollo Group.
About Apollo Group, Inc.
Apollo Group, Inc. is one of the worlds largest private education providers and has been in the
education business for more than 35 years. The Company offers innovative and distinctive
educational programs and services both online and on-campus at the high school, undergraduate,
masters and doctoral levels through its subsidiaries: University of Phoenix, Apollo Global,
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Institute for Professional Development and College for Financial Planning. The Companys programs
and services are provided in 40 states and the District of Columbia; Puerto Rico; Latin America;
and Europe, as well as online throughout the world.
For more information about Apollo Group, Inc. and its subsidiaries, call (800) 990-APOL or visit
the Companys website at www.apollogrp.edu.
About Apollo Global, Inc.
Apollo Global, Inc., formed in 2007, is a joint venture between Apollo Group, Inc. and private
equity firm, The Carlyle Group. Apollo Globals vision is to broaden student opportunity, grow the
knowledge base of the communities it serves and advance the educational landscape worldwide. Apollo
Global is a consolidated subsidiary of Apollo Group, Inc.
The Apollo Global family of companies currently includes BPP, a provider of education and training
to professionals in the legal and finance industries in the United Kingdom and Europe; UNIACC, an
arts and communications university in Chile; Universidad Latinoamericana, a communications,
business, and medical university in Mexico; and Western International University, a Phoenix-based
regionally accredited university offering campus-based and online degree programs in subjects such
as business and technology.
Investor Relations Contact:
Jeremy Davis, (312) 660-2071, jeremy.davis@apollogrp.edu
Jeremy Davis, (312) 660-2071, jeremy.davis@apollogrp.edu
Media Contact:
University of Phoenix Media Hotline, (602) 254-0086, media@phoenix.edu
University of Phoenix Media Hotline, (602) 254-0086, media@phoenix.edu
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