Corporate, Investors, Required - Written by on Saturday, July 23, 2011 7:05 - 0 Comments

Washington Post Shakes Up Kaplan Inc.

Wall Street Journal Reports two executives at Washington Post’s (NYSE:WPO) Kaplan unit are out as of Tuesday:

The shake-up comes as Kaplan, which accounts for the bulk of the newspaper company’s overall revenue, has struggled on weakness at the higher-education division, which operates for-profit colleges and online postsecondary and career programs.

Jeffrey Conlon, who became CEO of the higher-education unit in 2009, is vacating that post. The company also said Lionel Lenz would relinquish his position as chief financial officer for the higher-education division. Mr. Lenz joined Kaplan in 2009.

Full article at WSJ.



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