Leadership change comes concurrently with record quarter in terms of both financial performance and product releases
August 13, 2015 -
Edmentum, a leading provider of proven online learning solutions headquartered in Bloomington, Minn., today announced that Vin Riera will resign as President and Chief Executive Officer to move to an executive position elsewhere; and that Rob Rueckl, the company’s Chief Financial Officer, has been appointed Interim Chief Executive Officer. Both transitions are effective Aug. 28, 2015.
The Edmentum board of directors has initiated a search process and intends to retain an executive search firm to identify a permanent replacement for Riera, who will also resign from the company’s Board of Directors.
"During his eight year tenure, Vin successfully guided the company through a challenging business model transition, two ownership changes, several acquisitions and a financial recapitalization, and has positioned Edmentum as a leading provider of a broad portfolio of online curriculum and assessment solutions for the K-12 market,” said Mark McEachen, Chairman of the Board. “On behalf of the entire company, I would like to express our gratitude and appreciation to Vin for his service and commitment to Edmentum and the pursuit of its mission to create inspired solutions for teaching and learning."
McEachen notes that Edmentum’s business continuity, and the Board’s commitment to ongoing investment in the company, will remain uninterrupted throughout this leadership transition.
Rueckl has been the company’s Chief Financial Officer since January 2007. McEachen continued, “We are very fortunate to have someone with Rob’s experience and tenure to step into a leadership role while we conduct our search for a new CEO. We look forward to working with Rob and the entire management team to continue executing the company’s strategy for growth.”
“Leadership changes are never easy, but this one comes at a time when the company has just completed a record quarter in terms of both financial performance and product releases,” said Rueckl. “There is tremendous momentum, energy and optimism in our business that I’m confident will carry us through this transition and into an era of new leadership at Edmentum.”
About Edmentum Edmentum, Inc. is a leading provider of proven online and mobile learning solutions designed to drive student achievement for academic and career success. With more than 50 years of experience driving significant advances in the industry, Edmentum offers a wide variety of innovative solutions to empower teaching and learning, including flagship brands Study Island, Plato Courseware, and EducationCity. For more information, visit www.edmentum.com.
Edmentum, Plato, Study Island, and EducationCity are trademarks of Edmentum, Inc.