American Public Education, Inc. Appoints Richard J. Statuto to its Board of Directors

Rhea-AI Summary

American Public Education (APEI) has appointed Richard J. Statuto to its Board of Directors effective March 6, 2025, expanding the board to nine members. Statuto, currently Chairman of Premier Inc.'s Board, brings over 30 years of healthcare leadership experience.

Statuto previously served as President and CEO of Bon Secours Health System for 13 years and CEO of St. Joseph Health System for nine years, both being highly profitable organizations with revenues exceeding $3 billion. His extensive board experience includes positions at Catholic Health Association, Christus Health, and American Red Cross Orange County California.

The appointment aligns with APEI's strategy in healthcare education, with Chairman Ric Andersen highlighting Statuto's experience in driving growth at large health systems. CEO Angela Selden emphasized the value of his experience with mission-driven healthcare organizations for shaping APEI's strategy in nursing and healthcare education.

Positive

• Board strengthened with experienced healthcare executive
• Strategic alignment with healthcare education focus
• Addition of leader with track record of managing $3B+ revenue organizations
• Expansion of healthcare industry network and expertise

Negative

• None.

News Market Reaction

+22.08%

1 alert

+22.08% News Effect

On the day this news was published, APEI gained 22.08%, reflecting a significant positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

A Former Health System CEO, Mr. Statuto Has Over 30 Years of Leadership Experience

CHARLES TOWN, W.V., March 7, 2025 /PRNewswire/ -- American Public Education, Inc. (Nasdaq: APEI) today announced it has appointed Richard J. Statuto, an accomplished health system CEO, to its Board of Directors, effective March 6, 2025. The appointment brings the total number of APEI board members to nine.

Mr. Statuto, currently Chairman of the Board of Directors at Charlotte, N.C.-based Premier, Inc., also previously served as President and CEO of Bon Secours Health System, one of the largest health systems in the United States, for 13 years. Prior to that, he was CEO of St. Joseph Health System for nine years. Both health systems exceeded $3 billion in revenue and were highly profitable.

"We are excited to welcome Rich to APEI's Board of Directors," said Ric Andersen, Chairman of APEI's Board of Directors. "His impressive experience driving growth at large health systems aligns well with APEI's strategy and future objectives."

Angela Selden, President and Chief Executive Officer of APEI, said, "Rich's past success at mission-driven healthcare organizations will be instrumental in helping to shape our strategy. I look forward to collaborating with Rich as we continue to educate tomorrow's leaders in nursing, healthcare, and beyond."

Mr. Statuto said, "I look forward to bringing my expertise and extensive network to APEI to enhance shareholder value at the crucial crossroad of healthcare and higher education."

Mr. Statuto has extensive healthcare leadership experience, and has served on several boards, including: Catholic Health Association, Christus Health, Incarnate Word Health System, and Catholic Medical Mission Board (CMMB). He is also a past board member at American Red Cross Orange County California, Covenant Health System, The Innovation Institute, Mercy Housing, the American Heart Association, and Kmart.

Mr. Statuto earned his MBA from Xavier University and has a bachelor's degree from Vanderbilt University.

About American Public Education
American Public Education, Inc. (Nasdaq: APEI), through its institutions American Public University System, Rasmussen University, Hondros College of Nursing, and Graduate School USA, provides education that transforms lives, advances careers, and improves communities.

APUS, which operates through American Military University and American Public University, is the leading educator to active-duty military and veteran students* and serves approximately 88,000 adult learners worldwide via accessible and affordable higher education.

Rasmussen University is a 125-year-old nursing and health sciences-focused institution that serves approximately 14,600 students across its 20 campuses in six states and online. It also has schools of Business, Technology, Design, Early Childhood Education and Justice Studies.

Hondros College of Nursing focuses on educating pre-licensure nursing students at eight campuses (six in Ohio, one in Indiana, and one in Michigan). It is the largest educator of PN (LPN) nurses in the state of Ohio** and serves approximately 3,700 total students.

Graduate School USA is a leading training provider to the federal workforce with an extensive portfolio of government agency customers. It serves the federal workforce through customized contract training (B2G) to federal agencies and through open enrollment (B2C) to government professionals.

Both APUS and Rasmussen University are institutionally accredited by the Higher Learning Commission (HLC), an institutional accreditation agency recognized by the U.S. Department of Education. Hondros is accredited by the Accrediting Bureau of Health Education Schools (ABHES). Graduate School USA is accredited by the Accrediting Council for Continuing Education & Training (ACCET). For additional information, visit www.apei.com. 

* Based on FY 2019 Department of Defense tuition assistance data, as reported by Military Times, and Veterans Administration student enrollment data as of 2023.

** Based on information compiled by the National Council of State Boards of Nursing and Ohio Board of Nursing.

Media Inquiries
Frank Tutalo
AVP, Public Relations
American Public Education, Inc.
ftutalo@apei.com

Investor Relations
Brian M. Prenoveau, CFA
MZ North America
APEI@mzgroup.us

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SOURCE American Public Education, Inc.

FAQ

When did Richard Statuto join APEI's Board of Directors?

Richard Statuto joined APEI's Board of Directors effective March 6, 2025.

How many members are now on APEI's Board of Directors?

With Statuto's appointment, APEI's Board of Directors now has nine members.

What is Richard Statuto's current position besides APEI board member?

Statuto currently serves as Chairman of the Board of Directors at Premier, Inc. in Charlotte, N.C.

What major healthcare organizations did Richard Statuto previously lead?

Statuto served as President and CEO of Bon Secours Health System for 13 years and as CEO of St. Joseph Health System for 9 years, both generating over $3 billion in revenue.