FOSHAN, China, June 1, 2018 /PRNewswire/ -- Bright Scholar
Education Holdings Limited (the "Company", "we" or "our") (NYSE:
BEDU) today announced the appointment of Mr. Ronald J. Packard as an independent director and
member of the Audit Committee of the Company's board of directors
(the "Board"), effective from May 18,
2018.
Mr. Packard is the CEO and Founder of Pansophic Learning, a
global technology based education company, and a well-known
educator, entrepreneur, visionary and author of the well regarded
book Education Transformation. He was previously the long
time CEO and Founder of K12 Inc. He oversaw the growth of K12 from
an idea to almost one billion dollars
in revenue, making it one of the largest education companies in the
world. Prior to K12, Mr. Packard was the Vice President of
Knowledge Universe and CEO of Knowledge Schools, one of the
nation's largest early childhood education companies. In his
private equity role at Knowledge Universe, he was instrumental in
the successful investments in Learn Now, Charter School
USA, TEC, and Children's Discovery
Center. Mr. Packard previously worked for McKinsey & Company
and for Goldman Sachs and earned the Chartered Financial Analyst
(CFA) designation in 1992.
Mr. Packard has received the Education Industry Association's
James P. Boyle Entrepreneurial Leadership Award, as well as the
Ernst & Young Entrepreneur of the Year Award in the IT Services
& Solutions category in Greater
Washington. The University of
Chicago's Booth School of Business named him a Distinguished
Alumni, and he also received an Outstanding Leadership Award from
the United States Distance Learning Association. Mr. Packard has
served on numerous corporate boards. Additionally, he served on the
Department of Defense's Education Advisory Committee and has been
featured on nationwide radio and television shows and magazines,
including Bloomberg TV, Forbes, and the Washington Post. He holds a
B.A. from the University of California at
Berkeley and an M.B.A. from the University of Chicago, both with honors.
The Board reviewed the independence of Mr. Packard and
determined that he satisfied the "independence" requirements of
Section 303A of the Corporate Governance Rules of the New York
Stock Exchange and the "independence" standards under Rule 10A-3
under the Securities Exchange Act of 1934. The board also
believes that Mr. Packard's extensive experience in the education
industry and capital market will benefit Bright Scholar's long-term
growth.
About Bright Scholar Education Holdings
Limited
Bright Scholar is the largest operator of international and
bilingual K-12 schools in China*.
The Company is dedicated to providing quality international
education to Chinese students and equipping them with the critical
academic foundation and skillsets necessary to succeed in the
pursuit of higher education overseas. It also complements its
international offerings with Chinese government-mandated curriculum
for students who wish to maintain the option of pursuing higher
education in China. As of
February 28, 2018, Bright Scholar operated 62 schools covering
the breadth of K-12 academic needs of its students across eight
provinces in China. In the first
six months of the 2018 school year ended February 28, 2018,
Bright Scholar had an average of 34,251 students enrolled at its
schools.
* In terms of student
enrollment as of September 1, 2017, according to an industry report
commissioned by Bright Scholar and prepared by Frost & Sullivan
in 2017.
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SOURCE Bright Scholar Education Holdings Ltd.