Apollo Group, Inc. Announces Retirement Timetable of Co-CEO Charles B. Edelstein

Apollo Group, Inc.

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.