SCOTTSDALE, Ariz. – Universal Technical Institute (UTI) has reported that after 15 years of service on the UTI board of directors, A. Richard Caputo has announced his retirement, effective Feb. 19, 2013. He will not be standing for re-election as director of the company when his current term expires.
Caputo is the longest-standing independent board member of UTI, having served since 1997.
"Rich has been a highly valued member of our board through many years of change and growth for the company," said Kimberly McWaters, CEO of UTI. "I am very appreciative for the guidance and direction he has provided to UTI. He will be missed and I wish him all the best."
"I want to personally thank Rich for his many years of service on our Board," said John C. White, chairman of the board. "We have been the fortunate beneficiary of Rich's business insights and expertise. His leadership and dedication to UTI over the last decade and a half has been invaluable."
"It has been a privilege and a pleasure to serve as a director of UTI," added Caputo. "My desire to focus on other business interests drove my decision to not seek re-election. I have thoroughly enjoyed my time on the board and wish the company continued success in the future."