From BizJournal:
Apollo Group names Charles Edelstein CEO
July 7, 2008 5:42 PM ET advertisement
Stocks mentioned in this article: Apollo Group Inc (APOL).
Apollo Group Inc. Monday announced it has appointed Charles B. Edelstein as CEO and member of the board of directors, effective Aug. 26.
John G. Sperling, founder of Phoenix-based Apollo Group (NASDAQ: APOL), continues to act as executive chairman of the board.
The move comes two weeks after Brian Mueller resigned as president and director of Apollo to take over as CEO of Grand Canyon University, which is in the process of going public.
Edelstein, 48, joins Apollo from Credit Suisse, where he served as a managing director and headed the global services group within the investment banking division as well as its Chicago investment banking office. Edelstein founded and oversaw Credit Suisse's advisory practice in the education industry, where he served as adviser to many of the largest education companies, including Apollo Group.
Edelstein sits on the Chicago board of directors for both Teach for America and Junior Achievement.
Apollo stock concluded Monday's trading at $55.23 per share, a gain of 5 cents on the day. The stock had been trading in the $54 range at midafternoon, but rallied in the final hour to hit $56 per share before a final retreat to the closing price.
Its 52-week range is from $37.92 to $81.68.
Apollo Group is a Phoenix-based provider of higher education focusing on working adults. Its subsidiaries include the University of Phoenix and Western International University.
Bio from Milliken Institute:
Managing Director, Global Head, Global Services Group, Credit Suisse First Boston LLC
Charles (Chas) Edelstein is a Managing Director of Credit Suisse First Boston, Head of its Global Services Group and Head of its Chicago office. Since joining CSFB in 1987, Edelstein has worked on a wide range of transactions including debt and equity capital markets executions, merger and acquisitions advisory work, corporate finance advisory work and a variety of other investment banking services. He has advised many of the CSFB’s most important clients including Apollo, BP Amoco, Career Education, Corinthian Colleges, DeVry, Ford Motor Company, and S.C. Johnson. In addition to his managerial responsibilities, Edelstein founded and oversees CSFB’s leading advisory practice in the Education industry. He also sits on CSFB’s GIS Management Committee. Edelstein’s previous experience includes three years as a management consultant with Price Waterhouse (now PriceWaterhouseCoopers). Edelstein earned his B.A. with highest distinction at the University of Illinois and his CPA from the State of Illinois. He also earned his MBA from the Harvard Business School, where he graduated as a Baker Scholar with high distinction.
He gave $1,000 to Obama for America.
No comments:
Post a Comment