Founder and Former CEO of Capella Education Company, Stephen G. Shank, to Retire From Board of Directors in May
February 28 2017 - 09:00AM
Business Wire
Capella Education Company today announced that Stephen G. Shank,
the company’s founder and former CEO, will retire from the board of
directors when his current term ends in May 2017. Mr. Shank founded
the company in 1991 and served as chief executive officer until
March 2009. He was chairman of the board of directors until
February 2010, and has since continued to serve as a distinguished
member of the board.
“The work Capella is doing to transform the landscape of adult
education is possible because of Steve Shank and the foundation he
laid. Steve’s vision, leadership and determination changed the face
of what is possible in adult education. I’m personally grateful for
his service on our Board of Directors and for his wise counsel,”
said Kevin Gilligan, chairman and chief executive officer of
Capella Education Company.
Mr. Shank has been involved with Capella Education Company for
more than 25 years and is well known for his ability to work
through strategic challenges and industry revolution. During the
1980s, as CEO of Tonka Corp., he led the company through
acquisitions and new products. At Capella Education Company,
he led the company to success during a time of significant change
in higher education and in the macroeconomic environment. Mr. Shank
has made great contributions to many local boards outside of
Capella, including Polaris Industries, Tennant Company, and the
Walker Art Center, and in 2016 was recognized by the Twin Cities
Business Journal and the National Association of Corporate
Directors (NACD) with a Lifetime Achievement award for his years of
dedicated board service and recognized ability to look at long-term
trends and provide counsel that leaders need.
Mr. Shank served as a director of Capella University from 1993
to 2003 and 2006 to 2009, and as emeritus director of Capella
University from 2003 to 2006. He earned a B.A. from the
University of Iowa, an M.A. from the Fletcher School, a joint
program of Tufts and Harvard Universities, and a J.D. from Harvard
Law School.
About Capella Education Company
Capella Education Company (http://www.capellaeducation.com)
is an educational services company that provides access to
high-quality education through online postsecondary degree programs
and job-ready skills offerings needed in today’s market. Capella’s
portfolio of companies is dedicated to closing the skills gap by
providing the most direct path between learning and employment.
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Capella UniversityAlicia Amling,
612-977-4836alicia.amling@capella.edu
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