CHANDLER, Ariz., Dec. 1, 2021 /PRNewswire/
-- Zovio (Nasdaq: ZVO), an education technology services
company that partners with higher education institutions and
employers, today announced its Board of Directors has appointed
Randy Hendricks its new Chief
Executive Officer. Randy will assume the new role and join
the Zovio Board of Directors on December 6,
2021.
Today's announcement follows months of thoughtful consideration
by the Board of Directors on who would lead Zovio and its partners
into the future. Randy will succeed George
Pernsteiner, who served as the interim CEO for the past
several months. In line with the company's transition, Pernsteiner
will return to his post as Chairman of Zovio's Board of
Directors.
Randy is a seasoned senior executive with more than 30 years of
leadership, technology, and client service experience. This
includes over 20 years working with clients in higher education
institutions assisting them in advancing their academic and
research missions, most recently as a Senior Executive at the Huron
Consulting Group. Prior to that, Randy served as President,
Education & Government of Workday. Randy has also held
multiple senior leadership roles in IBM's Global Business Services
unit, both in the U.S. and internationally and has served as a
board member for several technology companies.
"After a comprehensive national search process led by a
nationally recognized executive search firm, the Board is pleased
to have found an outstanding individual to assume leadership of
Zovio," said George Pernsteiner,
Chair of the Zovio Board of Directors. "Randy is uniquely qualified
to take Zovio to the next level and drive growth for our business,
and continued innovation to support our partners and the students
and employees they serve."
"Randy is the best choice from the highly qualified candidates
presented to the board" said John
Kiely, Chair of the Board's CEO search committee. "Randy has
a proven track record of leading enterprise-wide transformation
through focused execution, frequently in challenging and highly
competitive market segments, and a solid track record with
companies looking to re-establish growth. We're delighted
that he's accepted the position."
"I am very excited to join the Zovio team as CEO," said Randy.
"I'm honored, and I'm appreciative to the Board for the opportunity
to lead this exceptional organization through the next phase of its
transformation to an Ed Tech services company and return to
growth."
Randy earned a Bachelor of Science degree in Industrial
Administration and a minor in Computer Science from Iowa State University. He obtained his CPA after
taking advanced accounting courses at the University of Illinois.
About Zovio
Zovio (Nasdaq: ZVO) is an
education technology services company that partners with higher
education institutions and employers to deliver innovative,
personalized solutions to help learners and leaders achieve their
aspirations. The Zovio network, including Fullstack Academy and
TutorMe, leverages its core strengths to solve priority market
needs through education technology services. Using proprietary
advanced data analytics, Zovio identifies the most meaningful ways
to enhance the learner experience and deliver strong outcomes for
higher education institutions, employers, and learners. Zovio's
purpose is to help everyone be in a class of their own. For more
information, visit www.zovio.com.
Contact: Vickie Schray
media@zovio.com
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SOURCE Zovio
