NEW YORK, Oct. 15 /PRNewswire-FirstCall/ -- Edison Schools (Nasdaq: EDSN),
the nation's largest private manager of public schools, promoted Joe Keeney to
president of Edison Charter Schools. Since joining the company in 1997,
Keeney has managed Edison's development of the nation's largest network of
public charter schools -- serving approximately 24,000 students in 53 schools
in 14 states. Edison charter schools now generate approximately $200 million
in annual revenue.
Working in partnership with independent charter school boards, Edison has
consistently delivered superior student achievement results in its charter
schools. Independent charter schools typically are brand new schools that
provide an option for educational choice, and serve many students who may not
have been successful in their previous school.
"We are on the front lines of the battle to close the achievement gap by
providing a world class educational option to all students," Keeney said.
"Our clients -- who include parents, teachers, university administrators and
professors, business leaders, ministers, philanthropists, and community
service organizations -- and their charter authorizers represent the best of
the school reform movement."
"Joe's leadership has been instrumental in making every one of Edison's
charter schools successful," Chris Whittle, Edison's Chief Executive Officer,
said. "His sense of mission bridges across the complex educational,
operational, and financial challenges of making charter schools work for
children."
From 1995-1997 Joe was president and chief operating officer of The
Warnaco Group Inc.'s GJM division, and from 1990-1995 he was based in Hong
Kong with GJM in a variety of positions including general manager and group
chief financial officer. At GJM Joe directed all global sourcing activities
and built an owned manufacturing capability with over 4,000 employees in
10 countries. From 1986-1990 he was a corporate strategy consultant with The
LEK Partnership in London and Boston. Joe has a BA in economics from Columbia
College and an MBA with high distinction from Harvard Business School, where
he was elected a Baker Scholar and received the Macy Scholarship and the
Uhlmann Award. He is presently a doctoral candidate in educational leadership
at Teachers College, Columbia University.
About Edison
Edison Schools manages 150 public schools with a total enrollment of
approximately 80,000 students. Through contracts with local school districts
and public charter school boards, Edison generally assumes educational and
operational responsibility for individual schools in return for funding that
is comparable to that spent on other public schools in the area. Over the
course of three years of intensive research, Edison's team of leading
educators and scholars developed an innovative, research-based curriculum and
school design. Edison opened its first four schools in August 1995, and has
grown rapidly in every subsequent year. For more information, please visit
http://www.edisonschools.com.
Any statements in this press release and any other press release issued by
Edison on or about the date hereof about future expectations, plans and
prospects for Edison, including statements containing the words "believes,"
"anticipates," "plans," "expects," "will," and similar expressions, constitute
forward-looking statements within the meaning of The Private Securities
Litigation Reform Act of 1995. Actual results may differ materially from
those indicated by such forward-looking statements as a result of various
important factors, including the risk factors discussed in our most recent
quarterly report filed with the SEC, and other factors such as, among other
things, the possibility that: (1) Edison, its independent auditors and/or the
SEC may identify additional items that materially and adversely affect
Edison's financial results; (2) the financing discussed separately by Edison
today may not be consummated; and (3) the events relating to the informal SEC
inquiry or its settlement may result in defaults under Edison's material
agreements or give rise to costly and protracted litigation against Edison.
The forward-looking statements included in this press release represent
Edison's estimates as of October 15, 2002. Edison anticipates that subsequent
events and developments will cause its estimates to change. While Edison may
elect to update these forward-looking statements at some point in the future,
Edison specifically disclaims any obligation to do so. These forward-looking
statements should not be relied upon as representing Edison's estimates or
views as of any date subsequent to October 15, 2002.
SOURCE Edison Schools
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Related links:
http://www.edisonschools.com
CONTACT:
Adam Tucker, VP Communications of Edison
Schools, +1-212-419-1602
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