Richard Paulk Named CFO of Kaplan Professional

NEW YORK, February 2, 2004 - Kaplan Professional, a division of global education services provider Kaplan, Inc., announced today that it has appointed Richard Paulk to the position of Vice President and Chief Financial Officer (CFO). In this role he will oversee financial operations and business development for the division, which provides licensing and continuing education programs for professionals.

"We are very excited to have someone with Richard's skills and background in finance, business development, acquisitions, and strategic planning," said Eric Cantor, President of Kaplan Professional. "We look forward to his contributions as we continue to build the Kaplan Professional businesses."

Kaplan Professional is a leading provider of licensing, continuing education and certification test prep in areas such as securities, insurance, financial services, technology and real estate. Offering an array of educational tools, from on-site training and classroom instruction to over 400 online courses and programs, Kaplan Professional serves clients who must maintain licenses and comply with regulatory mandates. Through industry-leading companies such as Dearborn Financial Services, Dearborn Publishing, Schweser Study Program, Transcender, Self-Test Software, Kaplan CPA Review, and Perfect Access Speer, Kaplan Professional serves more than 385,000 students each year. In addition, Kaplan Professional provides solutions to businesses to satisfy regulatory mandates for tracking and compliance. Over the past five years, Kaplan Professional has grown dramatically, expanding into new markets including architectural licensing and home inspection.

Paulk, 36, will be based in the division's Chicago headquarters.

Paulk joins Kaplan from iPilot, an Illinois-based technology company, where he has served as Chief Operating Officer for five years. While at iPilot, he led the establishment and development of customer and strategic partnerships, performed ongoing analysis of competitors, oversaw the successful development of the iPilot product--from concept stage to product launch-and determined strategic direction for the company.

Previously, Paulk was at Sears Roebuck, where he served as CFO of its Product Services Division, and Manager of Investor Relations. Prior to this, he spent five years at Motorola, where he held a variety of finance and business development positions.

Paulk holds an M.B.A. from the University of Michigan, Ann Arbor, and a B.A. in psychology from Harvard University.

Kaplan, Inc. (www.kaplan.com) is a premier provider of educational and career services for individuals, schools and businesses. Kaplan offers: test prep and admissions services worldwide, including K12 services for schools through Kaplan Test Prep and Admissions; after-school learning programs for kids through SCORE!; licensing and continuing education training and compliance tracking through Kaplan Professional, and post-secondary educational programs through Kaplan Higher Education. Kaplan is a subsidiary of The Washington Post Company (NYSE: WPO). With 2003 revenue of $838 million, Kaplan is the largest revenue producer within the Washington Post Company.

Press Contacts:

Melissa Mack
212-492-5849
mmack@kaplan.com 

Printable Version