ARLINGTON, Va.--(BUSINESS WIRE)--Jul. 23, 2015--
Graham Holdings Company (NYSE: GHC) announced today Kaplan, Inc. chief
executive officer Thomas C. Leppert is resigning his position effective
August 21, 2015. He will be replaced by Andrew S. Rosen, executive vice
president of Graham Holdings Company and chairman of Kaplan, Inc.
Leppert has been at Kaplan, Inc. since 2013 and has led the expansion of
Kaplan's highly successful international business and a turnaround at
Kaplan Test Prep.
"When I first joined the Kaplan organization, I was convinced that this
company had enormous potential. This belief has been reaffirmed. During
my tenure at Kaplan, we have instituted a number of changes to
capitalize on these opportunities and to ensure we are a major player in
global education. I leave a capable team and a stronger portfolio in
place to continue on this path."
Donald E. Graham, chairman of Graham Holdings Company, said Leppert “has
been a huge contributor to every aspect of Kaplan's worldwide business.
We are sorry to lose Tom, but understand why he wanted to leave; the
pace of change at Kaplan will continue.”
Rosen came to Graham Holdings Company's predecessor company, The
Washington Post Company, in 1986 and joined Kaplan in 1992. He was
involved in every aspect of Kaplan’s business, and took on a succession
of key management roles . He became chairman and chief executive officer
in 2008. Rosen left to become executive vice president of Graham
Holdings Company in March 2014, but remained Kaplan's chairman. Rosen
will continue in his role as executive vice president at Graham Holdings
Company.
"No one knows Kaplan and its people better than Andy does," said Graham.
"He is perfectly positioned to lead Kaplan’s next period of growth."
About Graham Holdings Company
Graham Holdings Company (NYSE: GHC) is a diversified education and media
company whose principal operations include educational services;
television broadcasting; online, print and local TV news; home health
and hospice care; and manufacturing. The Company owns Kaplan, a leading
global provider of educational services; Graham Media
Group (WDIV–Detroit, KPRC–Houston, WKMG–Orlando, KSAT–San Antonio,
WJXT–Jacksonville); The Slate Group (Slate and Panoply); and Foreign
Policy. The Company also owns Trove, a social news aggregator;
SocialCode, a leading social marketing solutions company; Celtic
Healthcare and Residential Healthcare Group, home health and hospice
providers; Joyce/Dayton Corp., a manufacturer of screw jacks, linear
actuators and lifting systems; and Forney Corporation, a manufacturer of
burners, igniters, dampers and controls for combustion processes in
electric utility and industrial applications.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150723005675/en/
Source: Graham Holdings Company
Graham Holdings Company
Pinkie Mayfield, 703-345-6450
Pinkie.Mayfield@ghco.com
