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Rosen Named CEO Of Kaplan
Nov 20, 2008 (financialwire.net via COMTEX) --
November 20, 2008 (FinancialWire) -- Jonathan Grayer is stepping down as chairman and chief executive officer of The Washington Post Co.'s (NYSE: WPO) (Current Market Cap: US$3.47 Bil.) Kaplan education services unit. Andrew S. Rosen, who has also served as chief executive officer of Kaplan Higher Education, has been named the new chairman and chief executive officer of Kaplan.
In his current role, Rosen presides over Kaplan Higher Education, a provider of post-secondary programs. He joined The Washington Post Co. in 1986 as a staff attorney for The Washington Post newspaper. Rosen moved to Newsweek as assistant counsel in 1988 before joining Grayer at Kaplan in 1992.
Grayer had a sixteen year career at Kaplan.
Kaplan, which started as a test-prep company, is a provider of educational and career services for individuals, schools and businesses. The unit has more than seventy campuses, though half of its students learn online at Kaplan University. The unit posted over $2 billion in annual revenue in 2007, and generates half of The Washington Post Co.'s total revenue. Its businesses include higher education, professional training, services for kids and schools, and test preparation courses.
Washington, D.C.-based The Washington Post Co. is an education and media company whose principal operations include educational and career services, newspaper and magazine publishing, television broadcasting, cable television systems and electronic information services.
The company owns The Washington Post, Washingtonpost.Newsweek Interactive, The Gazette and Southern Maryland Newspapers, The Herald, Newsweek magazine, Post-Newsweek Stations, Cable One, and CourseAdvisor, an online lead generation provider.
The company has ownership interests in the Los Angeles Times-Washington Post News Service and Bowater Mersey Paper Co.
FinancialWire" is a fully independent, proprietary news wire service of Investrend Information (a division of Investrend Communications, Inc.). FinancialWire" news is written by professional journalists, dedicated to pure journalistic standards. FinancialWire" does not receive or accept any compensation from any individual or subject company (or representative thereof) for its news or opinions. All FinancialWire" news is available at http://www.financialwire.net . Please address any inquiries to feedback@financialwire.net .
Free annual reports for companies mentioned in the news are available at http://investrend.ar.wilink.com/?level=279 .
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