PHOENIX--(BUSINESS WIRE)--June 25, 2008--Apollo Group, Inc.
(Nasdaq:APOL) (Apollo Group, Apollo or the Company) today
announced the resignation of Brian Mueller as President and Director,
effective immediately.
We are thankful for Brian's many years of service to the Company
and for the instrumental role he has played in our success, said John
G. Sperling, founder and acting Executive Chairman of the Board. His
contributions to Apollo during the course of his 20-year career are
numerous and we wish him well.
Mueller served as President of Apollo Group since early 2006 and
previously as CEO of University of Phoenix's online campus. Throughout
the course of his career with Apollo and University of Phoenix, he
served in a series of leadership roles in the organization.
Apollo Executive Vice President, Chief Financial Officer and
Treasurer, Joseph L. D'Amico will serve as interim President. Sperling
noted, Joe has been involved in all aspects of our operation and we
are highly confident in his abilities to lead Apollo.
Commenting on the transition, Greg Cappelli, Executive Vice
President, Global Strategy and Assistant to the Executive Chairman,
stated, Apollo is engaged in a CEO search process. And, we are very
fortunate to have an extremely talented and long tenured executive and
managerial group and we will continue to look to their leadership.
About Apollo Group, Inc.
Apollo Group, Inc. has been an education provider for more than 30
years, providing academic access and opportunity to students through
its University of Phoenix, Institute for Professional Development,
College for Financial Planning, Western International University,
Meritus University, Insight Schools and Apollo Global. It also owns
Aptimus, a provider of innovative digital media solutions. The
Company's distinctive educational programs and services are provided
at the high school, college and graduate levels in 40 states (as of
February 29, 2008) and the District of Columbia; Puerto Rico; Alberta
and British Columbia, Canada; Mexico; Chile; and the Netherlands, as
well as online throughout the world.
CONTACT: Apollo Group, Inc.
Investor Relations Contact:
Allyson Pooley, 312-660-2025
allyson.pooley@apollogrp.edu
or
Media Contact:
Keri Ruiz, 602-417-0695
kruiz@ckpr.biz
SOURCE: Apollo Group, Inc.
