Apollo Group Names Gregory Cappelli as Joint CEO

May 5, 2009 (Close-Up Media via COMTEX) — Apollo Group, Inc. announced its Board of Directors has named Gregory W. Cappelli as Co-Chief Executive Officer (CEO).

Cappelli will share responsibility for the company with Charles "Chas" B. Edelstein, who was appointed to the CEO position in July of 2008.

As Co-CEOs, the company noted, Edelstein will focus on finance, corporate development, human resources and legal while Cappelli will concentrate on operations, strategy, external communications and Apollo Global, for which he will continue to serve as Chairman. Both executives will report to the company’s Board of Directors.

Cappelli most recently served as Executive VP of Global Strategy, Assistant to the Executive Chairman and Chairman of Apollo Global. He joined the company in April 2007 from Credit Suisse, where he served as Managing Director and Senior Research Analyst, specializing in the higher education sector. While at Credit Suisse, Cappelli founded the Global Services Group. Previously, he was VP and Senior Research Analyst with ABN AMRO.

Apollo Group Inc Cl A (APOL) has Short Term PowerRatings of 5. (TradingMarkets.com)

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