SAN DIEGO, Oct. 1, 2015 /PRNewswire/ -- Today, the
Board of Directors at Bridgepoint Education, Inc. (NYSE: BPI)
announced the hiring of Kevin Royal
as the company's new Executive Vice President and Chief Financial
Officer, effective Oct. 1, 2015.
Former Chief Financial Officer Dan
Devine will remain with the organization through 2015 to
assist with the transition.
"We are excited to welcome Kevin to Bridgepoint Education," said
Andrew Clark, Bridgepoint's chief
executive officer. "Kevin's experience aligns perfectly with our
mission to provide innovative solutions that advance learning, and
his seasoned financial leadership, broad public company experience,
and strategic mindset will be a great complement to our
organization."
Most recently, Royal served as Senior Vice President, Chief
Financial Officer, Treasurer and Secretary for Maxwell Technologies
Inc., where he spent the past six years. During his tenure, Maxwell
Technologies, Inc. grew from an annual run rate of $100 million to $200 million. From 2005 until
2009, Royal served as Senior Vice President and Chief Financial
Officer of Blue Coat Systems, Inc., a previously Nasdaq-listed
developer and provider of application delivery network technology,
where he successfully acquired and integrated three companies. From
1996 until 2005, he held a series of senior finance positions,
culminating with his appointment as Vice President and Chief
Financial Officer of Novellus Systems, Inc., an S&P 500 company
that manufactures, markets, and services semiconductor capital
equipment.
While at Novellus, Royal successfully acquired and integrated
four companies with revenues ranging from $100 million to $250 million. Before he joined
Novellus, he spent 10 years with Ernst & Young LLP, where he
became a certified public accountant. Royal holds a BBA in
Accounting from Harding University.
About Bridgepoint Education
Bridgepoint Education,
Inc. (NYSE:BPI) harnesses the latest technology to reimagine the
modern student experience. Bridgepoint's technologies, including
Waypoint Outcomes®, enhance the way people learn
in the digital age. Bridgepoint owns two academic institutions –
Ashford University and University of
the Rockies. Together, these programs, technologies, and resources
represent a unique model for advancing education in the 21st
century. Bridgepoint stands for greater access, social learning,
and exposure to leading minds. For more information, call
Shari Winet, Vice President of
Public Relations, at 858.668.2580, or visit
www.bridgepointeducation.com,
www.facebook.com/BridgepointEducation.
Contact: Shari Winet, Vice
President of Public Relations
858.668.2580 · shari.winet@bpiedu.com
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SOURCE Bridgepoint Education, Inc.