NEW YORK, July 28, 2011 /PRNewswire/ -- M & F Worldwide
Corp. (NYSE: MFW) today announced that Senator Bob Kerrey will join the Company as Chairman of
M & F Worldwide Education Holdings. Senator Kerrey will
be responsible for M & F Worldwide's existing education
businesses and will also head up strategic initiatives and
evaluation of future investments in the education sector.
M & F Worldwide is the parent company of GlobalScholar,
Scantron and Spectrum K12, whose collective education offerings are
marketed under the "GlobalScholar" brand. Award-winning
education products and services from GlobalScholar are currently
helping educators drive student achievement across a broad spectrum
of needs and are providing administrators, teachers, parents, and
students with advanced tools to enhance learning.
GlobalScholar offers the most comprehensive approach to
instruction management, combining GlobalScholar's innovative
instructional management platform, the Pinnacle Suite, with
Scantron's testing and assessment solutions, such as Performance
Series and Achievement Series, and Spectrum K12's response to
intervention, student achievement and special education software
solutions under the EXCEED platform.
"Senator Kerrey brings world-class leadership experience to our
company," said Ronald O. Perelman,
Chairman of the Board of Directors of M & F Worldwide Corp. "We
are fortunate to have Senator Kerrey's wealth of experience as we
continue to invest in innovations in education for the betterment
of our students."
Senator Kerrey served as Governor of the State of Nebraska from 1982 to 1987, and as
Senator of the State of Nebraska
from 1988 to 2000. Senator Kerrey left public service to
serve as President of New School
University in New York City
from 2001 to 2011.
Senator Kerrey has a long history of leadership in education
especially in the application of technology to help students,
parents, teachers and administrators. He helped Nebraska become one of the first states to
have every school connected to the Internet. He developed
close relationships with superintendents, principals, parents,
teachers, and other elected leaders. Under his leadership,
Nebraska participated in the
creation of the Western Governors
University. He was a founder of one of the first
virtual K-12 schools in the country, a co-chair of the
Congressional Web Based Education Commission and an author of the
Federal law which guaranteed that our schools could afford to gain
access to the Internet.
Senator Kerrey commented, "American schools are under tremendous
pressure from parents, citizens, political leaders and our
government to improve quality and to become more accountable.
GlobalScholar offers educators a tool to simultaneously
manage the increased regulatory burdens and to move towards
individualized student learning with systems that allow the
student, teacher, parent and administrator to work together in a
measurable and transparent way."
In his new role at M & F Worldwide, Senator Kerrey will work
with Chuck Dawson, President and CEO
of Harland Clarke Holdings, which is the parent company of
GlobalScholar and a wholly owned subsidiary of M & F Worldwide,
and Kal Raman, CEO of
GlobalScholar.
"Senator Kerrey has a longstanding commitment to and experience
in instituting innovation and change for our nation's education
system," said Mr. Raman. "This and his passion for quality
education for all make him an invaluable addition to M & F
Worldwide."
Senator Kerrey added, "Throughout my service in the public
sector and my leadership of the New
School, improvement in education has been an important
mission for me. I am excited to be part of GlobalScholar, one of
the most innovative initiatives in the education sector, and to
help M & F Worldwide be a leader in improving the quality of
American education."
About GlobalScholar
GlobalScholar (www.globalscholar.com) is comprised of the
education solution offerings of Scantron, GlobalScholar and
Spectrum K12. Solutions from GlobalScholar empower educators,
parents and students throughout the entire learning lifecycle,
helping schools achieve educational excellence. The brand's
offerings provide educators with data and insights needed to
advance teacher effectiveness and student performance.
GlobalScholar also supports parents and students directly with
online services that include tutoring and homework help for
students, as well as school matching services/online school finders
to help parents find the right school for their child. The brand
serves 80 of the largest 100 school districts in the United States, as well as 70 countries and
15 Ministries of Education throughout the world. It partners with
some of the most progressive and innovative school systems in
America, including recipients of funding from the Race to the Top
initiative and the Bill & Melinda Gates Foundation. Scantron
Corporation is an indirect wholly-owned subsidiary of Harland
Clarke Holdings Corp., which also owns Harland Clarke Corp. and
Harland Financial Solutions, Inc. Harland Clarke Holdings
Corp. is a wholly-owned subsidiary of M & F Worldwide Corp.
About M & F Worldwide
M & F Worldwide has four business segments, which are
operated by Harland Clarke, Harland
Financial Solutions, Scantron and Mafco Worldwide. Harland Clarke is a provider of checks and
related products, direct marketing services and customized business
and home office products. Harland Financial Solutions provides
technology products and related services to financial institutions.
Scantron is a leading provider of data management solutions and
related services to educational, healthcare, commercial and
governmental entities worldwide including testing and assessment
solutions, patient information collection and tracking, and survey
services. Mafco Worldwide produces licorice products for sale to
the tobacco, food, pharmaceutical and confectionery industries.
SOURCE M & F Worldwide Corp.