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American Public Education Announces CEO Transition

Charles Town, WV – Aug. 22, 2019 /PRNewswire/American Public Education, Inc. (Nasdaq: APEI) – parent company of online learning provider American Public University System (APUS) and campus-based Hondros College of Nursing (HCN) – announced today that its Board of Directors named Angela Selden as the Company's next chief executive officer effective September 23, 2019. Ms. Selden was also appointed to the Board of Directors of APEI effective September 23, 2019. Dr. Wallace Boston, currently President of APUS and Chief Executive Officer of APEI, will continue to serve as President of APUS until his expected retirement in June 2020.

"On behalf of the Board of Directors, I am delighted to welcome Angela Selden to APEI as our new CEO," said Major General (Retired) Barbara G. Fast, chair of the APEI board of directors. "We completed an extensive CEO search to identify the right leader for our future, consistent with our stated objective of separating the roles of APEI CEO and APUS President. We are also fortunate that Dr. Wally Boston will remain as President of APUS through June 2020, to lead APUS and work together with Angie to provide a seamless transition for APEI. Wally is the standard bearer for leading and operating with integrity, and we are grateful for his 15 year tenure as CEO and President.  Wally has not only shown an unwavering commitment to APEI, but has helped define the direction of online post-secondary education. His leadership, vision, and commitment to innovation ushered in a significant period of growth in our history and provided the platform for our bright future."

"Angie is the right choice to build on this strong foundation. She has a track record of driving growth in both private equity-backed and large publicly traded environments and in executing large-scale business transformation programs. Her experience in delivering workforce solutions to enterprise customers positions her well to help catalyze APEI's ability to respond to the opportunities that arise from the needs of a changing workforce. In Angie we selected a leader who will continue our focus on strengthening our core businesses, while also advancing our future and preparing APEI to deliver sustainable, long-term growth."

Incoming CEO, Angela Selden said, "This is an important time for APEI and for the advancement of skills for adult learners. What a tremendous opportunity to build upon the strong foundation that Wally and the team have built. I share the Board's desire to pursue growth by leveraging technology, workforce education and training, and business-to-business partnerships. I look forward to working with the Board, Wally and the APUS Board of Trustees, the management team, and the entire organization to define and execute a strategy that delivers sustainable, long-term value, while also building upon our legacy of high-quality, affordable, and flexible higher education."

Dr. Wallace Boston added, "It has been an honor to serve APUS and APEI and to spearhead innovation in online higher education and I look forward to continuing to uphold our mission of educating those who serve. Angie is a dynamic leader--she brings nearly three decades of extensive, executive experience and she has my full support. I look forward to the next stage of growth for both APUS and APEI."

About American Public University System

American Public University System, recipient of the Online Learning Consortium's (OLC) Gomory Award for Quality Online Education and five-time recipient of OLC's Effective Practice Award, offers more than 200 online degree and certificate programs through American Military University and American Public University.  More than 80,000 alumni worldwide have benefited from APUS's relevant curriculum, affordability and flexibility in pursuing and earning degrees in such areas as business, information technology, and security and global studies. For further information, visit www.apus.edu.