Schuman has decades of senior financial
leadership experience at publicly-traded
and
privately-held companies
PHOENIX, March 17,
2025 /PRNewswire/ -- Universal
Technical Institute, Inc. (NYSE: UTI), a leading
workforce education provider for transportation, skilled
technicians, energy and healthcare, today announced Bruce Schuman as Chief Financial Officer,
effective immediately.
"Bruce Schuman's experience
leading the financial operations of large organizations undergoing
transformative change will be invaluable as we execute against the
second phase of our North Star strategy," said Jerome Grant, CEO, Universal Technical Institute, Inc. "The next four
years hold significant opportunities for our company's growth and
profitability as we meet the demand for skilled collar and health
workers in the U.S., and I look forward to working closely with
Bruce as we achieve our goals.
"In addition, I want to thank Christine
Kline for her outstanding service as interim CFO since
October," Mr. Grant continued. "Christine's leadership ensured our
Finance organization maintained their momentum during a busy time
for the company, and she will now return full-time to the position
of Chief Accounting Officer."
Most recently, Schuman served as CFO for Vacasa (NASDAQ: VCSA),
North America's largest short-term
rental property management and hospitality company, which serves
more than three million guests and over 35,000 property owners
annually. At Vacasa, he was instrumental in driving the financial
strategy and operational excellence that enabled the company to
achieve its first year of profitability in 2023. Prior to
this, he was CFO of Kiavi (formerly LendingHome), one of the
largest lenders to real estate investors in the U.S., where he led
the company through a period of rapid, profitable growth and drove
the company's IPO readiness initiatives. Earlier in his career,
Schuman held various senior finance leadership roles at Intel
Corporation, including CFO of the company's Enterprise Data Center
business and Intel Capital. He currently serves on the boards of
Cirrus Secure and Urban Light.
"Universal Technical Institute,
Inc., plays an increasingly critical role in supplying the skilled
workforce solutions that power the U.S. economy," said Bruce Schuman, Chief Financial Officer,
Universal Technical Institute, Inc. "I
am excited to join the company at this important moment in its
growth trajectory, and I look forward to partnering with the
executive team and the strong talent across the organization to
help drive the company's continued success."
As the company executes the second phase of its North Star
strategy, it is expected to deliver approximately 10% revenue
CAGR and expand its Adjusted EBITDA margin to nearly 20 percent
through fiscal 2029. The core tenets of the strategy—growth,
diversification and optimization—are the foundation for initiatives
in both of the company's operating segments: UTI, which offers
transportation, skilled trades and energy education; and Concorde
Career Colleges, which specializes in the dental, nursing and
allied health professions.
Universal Technical Institute, Inc.
recently reported its financial results for the first quarter
of fiscal 2025. The company continued to deliver strong outcomes,
with key metrics of revenue, Adjusted EBITDA and new student starts
having improved year-over-year. The company also increased its
guidance ranges for the fiscal year.
More information about Universal Technical
Institute, Inc., including the company's most recent
investor presentation, can be found here.
About Universal Technical
Institute, Inc.
Universal
Technical Institute, Inc. (NYSE: UTI) was founded in 1965
and is a leading workforce solutions provider of transportation,
skilled trades, and healthcare education programs whose mission is
to serve students, partners, and communities by providing quality
education and support services for in-demand careers across a
number of highly skilled fields. Universal Technical
Institute, Inc. is comprised of two divisions: the UTI
division and Concorde Career Colleges. The UTI
division operates 15 campuses located in nine states and
offers a wide range of transportation and skilled trades technical
training programs under brands such as UTI, MIAT College of
Technology, Motorcycle Mechanics Institute, Marine Mechanics
Institute and NASCAR Technical Institute. Concorde operates across
17 campuses in eight states and online, offering programs in the
allied health, dental, nursing, patient care and diagnostic fields.
For more information,
visit www.uti.edu or www.concorde.edu, or visit us
on LinkedIn at @UniversalTechnicalInstitute and @Concorde Career
Colleges or on X (formerly Twitter) @news_UTI or
@ConcordeCareer.
Media Contact
Susan
Aspey
saspey@uti.edu
202.549.0534
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SOURCE Universal Technical
Institute, Inc.
