Washington Post Co. announced an executive shakeup at the newspaper company's Kaplan Higher Education division, including a decision by Chief Executive Jeffrey Conlon to leave his post.
The changes were attributed to the company's efforts to shift many of the services provided by that unit into two separate types of institutions--the Kaplan College/Kaplan Center Institute campuses, and Kaplan University. The Higher Education's administrative infrastructure will essentially disappear, according to the company.
The shakeup comes as results at Kaplan, which accounts for the bulk of Washington Post's overall revenue, have slumped in recent quarters on weakness at the higher-education division, while operates for-profit colleges and online postsecondary and career programs.
On Tuesday, the company also said Lionel Lenz would relinquish his position as chief financial officer for the higher education division. Lenz joined Kaplan in 2009.
Conlon, who first joined Kaplan in 1993, had served as CEO since 2009.
Beth Hollenberg, president of Kaplan Higher Education Campuses, will also leave her post. She has been with Kaplan for 11 years, joining its Higher Education unit in 2008.
Washington Post said Conlon and Hollenberg are exploring other positions at Kaplan. Meanwhile, John Lock, who joined Kaplan earlier this year, will take over Hollenberg's post.
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