First Latina Woman to Hold U.S. Cabinet-Level Post Adds Public Policy
Expertise to K12’s Board
HERNDON, Va.--(BUSINESS WIRE)--Apr. 13, 2017--
K12 Inc. (NYSE: LRN), a technology-based education company and leading
provider of proprietary curriculum and online school programs for
students in pre-K through high school, is pleased to announce that the
former administrator of the U.S. Small Business Administration, the
Honorable Aida M. Alvarez, has been elected to the Company’s Board of
Directors. The addition continues to strengthen K12’s Board experience
in corporate finance and public policy.
“Aida brings a diversified financial background and public policy
expertise to K12’s Board of Directors,” said Nate Davis, Executive
Chairman of K12 Inc. “Most importantly, she is committed to K12’s
mission to transform learning for all children through high-quality and
innovative educational programs that expand the boundaries of today’s
personalized learning experience.”
As Administrator of the Small Business Administration, Alvarez was the
first Hispanic woman to be part of President Clinton’s Cabinet from 1997
to 2001. Alvarez served as the founding director of the Office of
Federal Housing Enterprise Oversight where she was charged with
financial oversight of the secondary housing market, Fannie Mae and
Freddie Mac. She also worked for the New York City Health and Hospitals
Corporation, Bear Stearns & Company, Inc. and the First Boston
Corporation.
“Today’s student body is more diverse than ever with regard to
backgrounds, learning needs, and educational challenges,” said Alvarez.
“I am honored to join a Board that not only protects shareholder
interests, but is passionate about meeting the diverse needs of all
students.”
Alvarez is currently an Independent Director of HP Inc. and serves on
the boards of Oportun Inc. and Zoosk Inc. She also Chairs the Latino
Community Foundation in California and is a board member of the
Smithsonian American Art Museum and San Francisco Symphony. Alvarez
previously served on the boards of Walmart Stores, Inc., PacifiCare, now
part of United Health, MUFG Americas Holdings Corporation (formerly
UnionBanCal Corporation) and MUFG Union Bank N.A. (formerly Union Bank
N.A.). In addition, she served on the Deloitte Touche Diversity Advisory
Board, the board of overseers for Harvard University, the National Trust
for Historic Preservation, the Coalition for Supportive Housing and the
Cisneros Center for New Americans.
Alvarez holds honorary Doctorate degrees from Iona College, Bethany
College in Kansas, Mercy College and the Inter-American University in
Puerto Rico. She graduated cum laude with a Bachelor's Degree
from Harvard College.
About K12 Inc.
K12 Inc. (NYSE: LRN) is driving innovation and advancing the quality of
education by delivering state-of-the-art, digital learning platforms and
technology to students and school districts across the globe. K12’s
curriculum serves over 2,000 schools and school districts and has
delivered more than four million courses over the past decade. K12 is a
company consisting of thousands of online school educators providing
instruction, academic services, and learning solutions to public schools
and districts, traditional classrooms, blended school programs, and
directly to families. The K12 program is offered through K12 partner
public schools in 33 states and the District of Columbia, and through
private schools serving students in all 50 states and more than 100
countries. More information can be found at K12.com.
View source version on businesswire.com: http://www.businesswire.com/news/home/20170413005976/en/
Source: K12 Inc.
K12 Inc.
Press Contact:
Mike Kraft, 571-353-7778
VP
Finance and Communications
mkraft@k12.com