Aspen News - AEG Appoints Kyle Wescoat as Chief Financial Officer CFO and Executive Vice President V.P.

Aspen Education Group Appoints Kyle Wescoat as Chief Financial Officer and Executive Vice President

09/07/2004

( CERRITOS , CA ) — Aspen Education Group, the nation's leader in providing educational opportunities that improve the quality of life for under-achieving youths and their families, has named Kyle Wescoat as chief financial officer and executive vice president, effective immediately.

Wescoat brings to Aspen more than two decades of experience in a variety of organizations, ranging from entrepreneurial ventures to large, multinational companies. He has worked in executive capacities for both privately held and publicly traded companies, including serving over five years as CFO during the rapid growth of Vans, a publicly traded teen-oriented company, and more recently as the CFO of Cherokee Inc., the publicly traded intellectual property company.

"We are very fortune to have someone with Kyle's breadth of experience and passion for today's youth join our leadership team," said Elliot Sainer, Aspen 's chief executive officer. " Aspen is going through significant growth and marketplace expansion, and Kyle will play a vital role in helping to steward our company during this exciting time."

Wescoat holds an M.B.A. degree in finance from the University of Michigan , and a B.S. degree from Drexel University in Philadelphia . He is also an active board member of Big Brothers and Big Sisters in Orange County , California .

Aspen Education Group has over 1,200 employees and owns and operates 28 residential and outdoor programs in 11 states. Among these programs, parents can choose from a variety of therapeutic and academic environments, including boarding schools, outdoor experiential education programs, and residential weight-loss academies and summer camps. In 2003, the company assisted more than 10,000 clients and was ranked among the top 50 fastest-growing companies in the Los Angeles area by the Los Angeles Business Journal. In both 2002 and 2003, Aspen Education Group was named among the top 100 education companies by Eduventures, a leading independent research firm dedicated to learning markets.

Further information on Aspen Education may be obtained at www.aspeneducation.com or by calling (888) 972-7736 .