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  • sage2123 sage2123 Jul 20, 2011 8:25 AM Flag

    Kaplan Shake Up

    CEO, CFO out.

    From the WSJ.

    By JOHN KELL
    Washington Post Co. said Tuesday that both the chief executive and finance chief of its Kaplan unit's higher-education division are stepping aside.

    The shake-up comes as Kaplan, which accounts for the bulk of the newspaper company's overall revenue, has struggled on weakness at the higher-education division, which operates for-profit colleges and online postsecondary and career programs.

    The executive changes were attributed to the company's efforts to shift many of the services provided by the higher-education unit into two separate types of institutions—-the Kaplan College/Kaplan Center Institute campuses, and Kaplan University. The higher-education division's administrative infrastructure will essentially disappear, according to the company.

    Jeffrey Conlon, who became CEO of the higher-education unit in 2009, is vacating that post. The company also said Lionel Lenz would relinquish his position as chief financial officer for the higher-education division. Mr. Lenz joined Kaplan in 2009.

    Beth Hollenberg, president of Kaplan Higher Education Campuses, will also leave her post. She has been with Kaplan for 11 years, joining its higher-education unit in 2008. John Lock, who joined Kaplan earlier this year, will take over Ms. Hollenberg's position.

    Washington Post said Messrs. Conlon and Hollenberg are exploring other positions at Kaplan.

 
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