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K12 Taps New Executive Chairman
[January 15, 2013]

K12 Taps New Executive Chairman

Jan 15, 2013 (Close-Up Media via COMTEX) -- K12, a provider of proprietary curriculum and online education programs for students in kindergarten through high school, announced the strengthening of its team with the appointment of Nathaniel Davis as Executive Chairman of the Board of Directors, with oversight over all operational and corporate functions of the company.

Davis will continue in his capacity as Chairman of the Board and will assume his expanded responsibilities effective immediately.

According to a release, Ron Packard, who founded K12 in 2000, will continue as Chief Executive Officer, reporting to Davis, with a focus on continuing the company's growth and pursuing new opportunities to fulfill its mission of providing an education to any child, anywhere.

Timothy Murray will continue in his role as President and Chief Operating Officer, also reporting to Davis. Separately, K12 announced the appointment of Margaret Jorgensen as Chief Academic Officer, reporting to Packard.

Davis said, "Thanks to the tremendous vision of Ron Packard and the skills and dedication of its world-class employees, K12 has reached a new stage of opportunity in the growth and development of both the company and our industry. As we continue to lead the transformation to technology-based individualized learning, we need to expand our management team while assuring operational, financial and academic excellence. These changes in the K12 executive team will help us achieve those goals, in particular as Ron builds on his role as innovator, entrepreneur and evangelist for our company and the industry." Packard added, "The strengthening of K12's leadership team is an important part of our evolution to ensure that our future growth matches our past achievements. Academic excellence is critical to K12's success and we look forward to continuously improving the value we provide to schools and students." The company confirmed its previously issued forecast for the second quarter of fiscal year 2013.

K12 said Davis, who joined the K12 Board of Directors in 2009 and was named Chairman of the Board in June 2012, is a professional in transformational telecommunications, media and software development companies, with a record of leadership in improving operations, launching new products and strengthening relationships with legislative and regulatory authorities. Davis joins the company from the position of Managing Director of RANND Advisory Group, a consulting group advising venture capital and telecommunications firms. Davis previously served as Chief Executive Officer and President of XM Satellite Radio, where he adjusted operations and financial performance. He also led the company through its merger with Sirius Satellite Radio.

As President and Chief Operating Officer of XO Communications, Inc., Davis led the company through critical acquisitions and the launch of new data services. He also served as Executive Vice President of Network and Technical Services for Nextel Communications Inc., Chief Financial Officer of MCI Communications and Senior Vice President, Network Operations and Chief Operating Officer, MCIMetro. Davis has an MBA from the Wharton School of Business.

K12 is a technology-based education company.

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