Apollo Group, Inc. APOL today announced that Charles B. “Chas”
Edelstein will retire as co-Chief Executive Officer and director of the
company on August 26, 2012. Following his retirement as co-CEO, Mr. Edelstein
will serve the company in a part-time advisory capacity through February 2013.
Gregory W. Cappelli will assume all duties and responsibilities as Chief
Executive Officer of Apollo Group, upon Mr. Edelstein's retirement later this
year. Mr. Edelstein and Mr. Cappelli have served together as co-CEOs of Apollo
Group since 2009, jointly managing the company's business and leading the
firm's executive management team.
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