BNET Industries

Market Cap:$1.2B
Last Fiscal Year Sales:$272.2M
  • Public
  • US
Dow Jones Description

We are an exclusively online post-secondary education services company. Our wholly owned subsidiary, Capella University, is a regionally accredited university that offers a variety of undergraduate and graduate degree programs primarily for working adults. We were founded in 1991, and in 1993 we established our wholly owned university subsidiary, then named The Graduate School of America, to offer doctoral and masters degrees through distance learning programs in management, education, human services and interdisciplinary studies. In 1995, we launched our online format for delivery of our doctoral and masters degree programs over the Internet. In 1997, our university subsidiary received accreditation from the North Central Association of Colleges and Schools (later renamed The Higher Learning Commission of the North Central Association of Colleges and Schools). In 1998, we began the expansion of our original portfolio of academic programs by introducing doctoral and masters degrees in psychology and a master of business administration degree. In 1999, to expand the reach of our brand in anticipation of moving into the bachelors degree market, we changed our name to Capella Education Company and the name of our university to Capella University. In 2000, we introduced our bachelors degree completion program in information technology, which provided instruction for the last two years of a four-year bachelors degree. ...

CEO, Ingenix
Andy Slavitt
Number of Employees 1,420
Contact Information

225 S 6th St 9th Fl

Minneapolis, Minnesota 55402

capellaeducatio...

(612) 339-8650

NAICS Code Colleges, Universities, and Professional Schools: 611310

Recent Events

  • Capella University Announces New Bachelor of Science in Psychology

    11/20/09 - Product Announcement - View Story

  • Capella Education Q3 Profit Rises, Beats Estimates - Update

    10/27/09 - Financial Announcement - View Story

  • Barrington Research Downgrades Capella Education CPLA to Market Perform

    10/26/09 - Bond / Stock Rating - View Story

  • Capella Education Company Announces Third Quarter 2009 Earnings

    10/05/09 - Financial Announcement - View Story

  • Oppenheimer Starts Capella CPLA, Strayer STRA at Outperform, ITT ESI at Market Perform

    9/28/09 - Bond / Stock Rating - View Story

  • Former Secretary of State General Colin Powell to Give Keynote Address at Capella University...

    9/28/09 - Product Announcement - View Story

  • New Web Site Launches That Compares Degree Programs and Outcomes of Adult Serving Colleges and...

    8/04/09 - Product Announcement - View Story

  • New Web Site Launches That Compares Degree Programs and Outcomes

    8/04/09 - Product Announcement - View Story

  • Capella shares rise as enrollments and profits jump

    7/28/09 - Financial Announcement - View Story

  • Capella Education Company Names Kyle Carpenter Senior Vice President

    7/07/09 - Mgmt. Change Entering - Vice President - View Story

  • Capella Education Company Announces Second Quarter 2009 Earnings

    6/29/09 - Financial Announcement - View Story

News & Analysis

capella education co. - All News and Analysis

  • Capella Education Co. Q4 2008 Earnings Call Transcript

    Seeking Alpha - 2009-02-12

    Question-and-Answer Session Operator Operator Instructions Your first question comes from Ariel Sokol – Wedbush Morgan. Ariel Sokol – Wedbush Morgan Securities Just a couple of quick questions, the first one was could you quantify the impact of the 300 learners on Q4 results and Q1 guidance? I...

    Tags: Seeking Alpha, Capella Education Co.

  • Shorting Education, Against Convention

    Seeking Alpha - 2008-12-23

    Zachary Scheidt submits: Capella Education Company CPLA is holding up better than many growth stocks this year. The conventional wisdom is that employees who are laid off, or those who are working fewer hours, will spend time and money to further their eduction. Hopefully this will...

    Tags: Seeking Alpha, Zachary Scheidt, Capella Education Co.

  • Capella Education Company Q2 2008 Earnings Call Transcript

    Seeking Alpha - 2008-08-30

    Question-and-Answer Session Operator Operator Instructions We’ll go first to Analyst for Kelly Flynn – Credit Suisse. Analyst for Kelly Flynn – Credit Suisse I was wondering if you could give some color on, given the conservative Q3 guidance and the ERP issues, where the confidence comes from to...

    Tags: Capella Education Co.

  • Capella Education Company Q1 2008 Earnings Call Transcript

    Seeking Alpha - 2008-05-20

    Question-and-Answer Session Operator Operator instructions And we'll take our first question today from Amy Junker with Robert Baird. Amy Junker – Robert W. Baird & Co. Good morning. If I could just start with perhaps the ERP implementation and a couple of questions just along that,...

    Tags: Capella Education Co.

  • Capella Education Q4 2007 Earnings Call Transcript

    Seeking Alpha - 2008-02-18

    Question-and-Answer SessionOperator Operator Instructions. We'll go first to Edward Yruma with J.P. Morgan. Edward Yruma - J.P. Morgan Just to draw up battle a bit on the impact of ERP in the first quarter. If you were remove the impact ERP, would you have shown underlying margin improvement? Lois...

    Tags: Capella Education Co.

Decision Makers

Name (plus bio) Position
Andy Slavitt CEO, Ingenix
J Kevin Gilligan CEO
Kevin Gilligan Chief Executive Officer & Director
Michael J Offerman Senior Vice President (Mr. Offerman Also Serves As President, Chief Executive Officer)
Christopher Cassirer University President
Lois M. Martin Chief Financial Officer
Scott M Henkel Senior Vice President, Operations & Chief Information Officer
Heidi K. Thom Senior Vice President of Marketing of Our Company
Kyle Carpenter Senior Vice President, Strategy & Business Development
Reed A. Watson Senior Vice President, Marketing
Sally B. Chial Senior Vice President of Hr
Amy L. Ronneberg Vice President & Controller
Elizabeth A. Nordin Vice President of Operations of Our Company
Elizabeth M Rausch Vice President, Human Resources
Gregory W Thom Vice President, General Counsel, and Secretary
Linda Muehlbauer Vice President, Learner Support
Jody Miller Venture Partner
Heide Erickson Director of Investor Relations
Irene Silber Director of Public Relations, Contact
Jon Q. Reynolds Director of Our Company
Tony J. Christianson Director of Our Company
Michael Walsh Public Relations Manager
Karen Viechnicki Provost
Kurt Linberg Dean, School of Business and Technology
Leslie Olsen Coordinator of Capella's Writing
Valerie Perkins Dean, School of Undergraduate Studies
Darrell R. Tukua Director
Gordon A. Holmes Director
Jake Reynolds Director
James A. Mitchell Director
Jeffrey W. Taylor Director
Josh Lewis Director
Paul A. Schroeder Director
John Rosenberg Investor

Board of Directors

Name (plus bio) Position
Stephen G. Shank Chairman and Chief Executive Officer (Mr. Shank Also Serves As Chancellor of Capella University)
David W. Smith Board of Directors
Duane Dobbert Board of Directors
Joe Pascarella Board of Directors
Kimberly Spoor Board of Directors
Mark N. Greene Board of Directors
Patricia Cardenas-Adame Board of Directors
Priscilla McNulty Board Secretary
Sandra E. Taylor Board of Directors
Sharan B. Merriam Board of Directors

Organization Position Status
Capella Education Company CEO, Ingenix Current
Jewish Community Action Chief Executive Officer of Ingenix Current
Healthallies President and Chief Executive Officer Current
Capella Education Company Board of Directors Current
Hope Street Group Board Member Current
Jewish Community Action Board of Directors Current
PAULA Financial Chief Operating Officer Former
Healthallies Founder Former
McKinsey & Company, Inc. Consultant Former
Goldman, Sachs & Co. Investment Banker Former
PAULA Financial Director Former
Wharton Graduate School of the University of Pennsylvania B.A. In English Former

J. Kevin Gilligan joined our company on March 2, 2009 to serve as our Chief Executive Officer. He was previously the Chief Executive Officer of United Subcontractors, Inc., a nationwide construction services company, from 2004 until February 2009. From 2001 to 2004, Mr. Gilligan served as President and Chief Executive Officer of the Automation and Control Solutions Group of Honeywell International, a diversified technology and manufacturing company. From 2000 to 2001, Mr. Gilligan served as President of the Home and Building Control Division of Honeywell International. He also served as president of the Solutions and Services Division of Honeywell International from 1997 to 1999 and as Vice President and General Manager of the North American Region of the Home and Building Control Division from 1994 to 1997. Mr. Gilligan is a member of the board of directors for Graco Inc., a publicly held manufacturer and supplier of fluid handling equipment, and until February 2009 was a member of the board and the lead independent director for ADC, Inc., a publicly held global supplier of network infrastructure. Mr. Gilligan earned a B.A. from Boston College.

Organization Position Status
Capella Education Company CEO Current
Capella Education Company Board of Directors Current
Boston College B.A. Former

Kevin Gilligan joined Capella Education Company as CEO in 2009, when he also was appointed to the company's board of directors. His previous experience includes more than 20 years of executive experience in service industries. From 2004 to 2009, he was president and CEO of United Subcontractors, Inc. (USI), a national construction services firm based in Edina, Minnesota. Previously he was president and CEO of Honeywell International's second largest business, Automation and Control Systems, where he oversaw 43,000 employees and revenues of $7.5 billion. He joined Honeywell in 1977, and held a variety of executive positions with national and international responsibilities. Gilligan is a graduate of Boston College, with a Bachelor of Arts in Economics & Political Science. He sits on the board of directors of Graco, and is a former lead director on the board of directors of ADC.

Organization Position Status
Capella Education Company Chief Executive Officer & Director Current
Capella Education Company Board of Directors Current
Control Systems Co. CEO Former
Automation LLC. CEO Former
Automation LLC. President Former
Control Systems Co. President Former
Honeywell Corporation Former
Boston College Bachelor of Arts In Economics & Political Science Former

Michael J. Offerman was appointed vice chairman, external university initiatives, in 2007 after serving as president of Capella University and senior vice president of Capella Education Company from 2001 2007. He has an extensive background in adult and distance learning and is a frequent speaker at national conferences on these topics. He also is a member of the Presidents' Forum, a consortium of regionally accredited, adult-serving higher education institutions, and led the working group that developed the Forum's groundbreaking Transparency By Design initiative. Prior to joining Capella, Offerman held continuing education leadership positions at the University of Arizona and the University of Wisconsin-Stevens Point. He was also dean of the Division of Continuing Education at the University of Wisconsin-Extension and founding executive director of the University of Wisconsin Learning Innovations Center. Offerman received a Bachelor of Arts in History from the University of Iowa, a Master of Science in Higher Education Administration from the University of Wisconsin-Milwaukee, and a Doctor of Education in Educational Policy Studies at Northern Illinois University. He has served on a number of national boards including the American Council on Education, the University Continuing Education Association, and the National Technology Advisory Board.

Organization Position Status
Capella Education Company Senior Vice President (Mr. Offerman Also Serves As President, Chief Executive Officer) Current
The Presidents Forum Board of Directors Current
The Other 85 Percent Vice Chairman Current
Capella Education Company Vice Chairman, External University Initiatives Current
Capella Education Company President Former
Capella University, Inc. President Former
University of Wisconsin-Milwaukee M.S. Former
The University of Iowa B.A. Former
Northern Illinois University degree in education Former
Northern Illinois University degree in education Former

Stephen Shank founded Capella Education Company, the parent company of Capella University, in 1991, and served as CEO of the company until his 2009 retirement. He remains the chairman of Capella Education Company, a position he has held since the company went public in 2006, and the chancellor of Capella University, a position he has held since 2001. He is also a voting director on Capella University's board of directors, having previously served as an emeritus director from 2003 to 2006, and as a voting director from 1993 to 2003. Prior to founding Capella, Shank served for 12 years as chairman and chief executive officer of Tonka Corporation. During this time, The Wall Street Transcript twice recognized Shank as the industry's most outstanding chief executive officer. Shank began his career as an attorney with the Minneapolis law firm of Dorsey & Whitney. He holds a Bachelor of Arts from the University of Iowa, a Master of Arts from The Fletcher School, a joint program of Tufts and Harvard universities, and a Juris Doctor from Harvard Law School.

Organization Position Status
Capella Education Company Chairman and Chief Executive Officer (Mr. Shank Also Serves As Chancellor of Capella University) Current
Travelkeywords.Net Chairman & Chief Executive Officer for Capella Education Company Current
Capella Education Company Founder Current
Tennant Company Board of Directors Current
Capella University, Inc. Chief Executive Officer Former
Dorsey & Whitney Llp Attorney Former
Capella University, Inc. Director Former
Harvard Law School Juris Doctor Former
The Fletcher School Master Former
The University of Iowa B.A. Former
Tennant Company member Former

Organization Position Status
Capella Education Company University President Current
MGM University Partners, Inc. Current
Capella University, Inc. Board of Directors Current
Patient Safety CEO Former
Capella University, Inc. Acting President Former
Capella Education Company Senior Vice President Former
Patient Safety Co-Founder Former
Patient Safety Associate Prof Former
University of Minnesota's Carlson School of Management Associate Prof of Healthcare Management Former
The George Washington University Former
Rutgers University Master of Public Health In Health Former
Yale University School of Medicine Master of Public Health In Health Policy Former
Rutgers University Bachelor of Arts In Psychology Former

Organization Position Status
Capella Education Company Chief Financial Officer Current
Capella Education Company Senior Vice President Current
ADC Telecommunications, Inc. Board of Directors Current
MTS Systems Corporation Board of Directors Current
World Data Products, Inc. Chief Financial Officer Former
Deluxe Corporation Chief Financial Officer Former
World Data Products, Inc. Executive Vice President Former
Deluxe Corporation Vice President Former
Deluxe Corporation Director of Internal Audit Former
Carlson Companies Inc. International Controller Former
Deluxe Corporation Corporate Controller Former
Cooper's Inc. Former
Advanced Design Consulting USA, Inc Director Former
Augustana College B.A. Former

Scott M. Henkel joined Capella Education Company in 2004 and has served as chief information officer since that time. In 2007, he also assumed the role of senior vice president, operations. From 1994 to 2003, Henkel was chief information officer and vice president of software engineering at Datacard Group in Minneapolis. Henkel earned a Bachelor of Arts from Metropolitan State University and a Master of Business Administration in finance from the College of St. Thomas (now the University of St. Thomas), both located in St. Paul, Minn.

Organization Position Status
Capella Education Company Senior Vice President, Operations & Chief Information Officer Current
DataCard Group CIO Former
DataCard Group vice president of software engineering Former
Metropolitan State University B.A. Former

Heidi K. Thom has been serving as Senior Vice President of Marketing of our company since July 2004. From 2003 to July 2004, Ms. Thom served as our Vice President of Marketing. From 2000 to 2003, Ms. Thom served as Vice President of Business Development and Marketing Services at Land O’Lakes Inc., a national food and agricultural cooperative. From 1998 to 2000, Ms. Thom served as Category Vice President of Frozen Foods at The Pillsbury Company, a food manufacturing company. Ms. Thom earned a B.S. from Moorhead State University and an M.B.A. from the University of Minnesota’s Carlson School of Management.

Organization Position Status
Capella Education Company Senior Vice President of Marketing of Our Company Current
Land O'Lakes, Inc. Vice President of Business Development Former
Pillsbury Former
University of Minnesota's Carlson School of Management M.B.A. Former
University of Minnesota M.B.A. Former
Moorhead State University B.S. Former

Kyle Carpenter joined Capella Education Company in 2009 as senior vice president of strategy and business development. Carpenter brings more than 30 years of business strategy and development experience to his new role. He most recently served as president and CEO of Boxcar Holdings LLC, a private equity firm with holdings in the entertainment, real estate, and printing industries. Previously, Carpenter served as president & CEO of Electrosonic Group, an international business providing comprehensive digital media solutions and services; and held numerous vice president roles at Honeywell, an international business leader in diversified technology and manufacturing. Carpenter earned his bachelor's degree from Duke University, and also has completed management programs at Harvard University and Aspen Institute. He serves on the board of directors of the Harlem Globetrotters, Twin Cities Public Television, and CompView Systems, where he currently serves as executive chairman.

Organization Position Status
Capella Education Company Senior Vice President, Strategy & Business Development Current
Harlem Globetrotters Board of Directors Current
Twin Cities Public Television, Inc. Board of Directors Current
Honeywell Corporation CEO Former
Honeywell Corporation President Former
Duke University Bachelor's Degree Former

Watson brings 23 years of experience in marketing, brand and product development, and general management to this position. Most recently, he served as the Vice President of Consumer Strategy and Insight at the Select Comfort Corporation. Prior to that, Watson was an independent consultant. He has also been the chief marketing and strategy officer for Simondelivers.com, and President and COO of Recovery Engineering, the makers of the PUR water filter. Watson also has significant executive marketing and general management experience with Pillsbury and Kraft. Watson holds a bachelor of arts in French at Northwestern University, and an MBA from Northwestern's Kellogg Graduate School of Management.

Organization Position Status
Capella Education Company Senior Vice President, Marketing Current
Pillsbury Current
Kraft Foods Inc. Current
SimonDelivers, Inc. Chief Marketing Officer Former
SimonDelivers, Inc. Executive Vice President Former
Capella Education Company Vice President, Differentiation Strategy Former
Select Comfort Corporation Vice President Former
Kellogg School of Management at Northwestern University M.B.A. Former
Northwestern University B.A. Degree Former

Sally B. Chial was appointed vice president, human resources of Capella Education Company in 2007. Prior to joining Capella, she was a member of the senior leadership teams for organizational effectiveness and human resources at Cargill from 2004 to 2007 and served as one of the company's lead human resource managers from 2001 to 2004. Her more than 25 years of leadership experience also includes senior human resources and administrative management positions with BRW Inc., the Minnesota Department of Transportation, the City of Roseville, and Washington County. Chial earned a Bachelor of Arts with an emphasis on human resources and finance from Metropolitan State University in St. Paul, Minn., and a Master of Arts in public administration, with an emphasis on human resources and organizational development, from Hamline University in St. Paul, Minn.

Organization Position Status
Capella Education Company Senior Vice President of Hr Current
Capella Education Company Vice President, Human Resources Current
Hamline University Master of Arts In Public Administration Former
Metropolitan State University Bachelor of Arts Former

Organization Position Status
Capella Education Company Vice President & Controller Current

Elizabeth A. Nordin joined our company in 2004 and has been serving as Vice President of Operations of our company since then. From 2001 to 2004, Ms. Nordin served as Senior Vice President of Information Technology at Pearson, plc, a media company, Vice President and Chief Information Officer of Pearson Education, a business unit within Pearson, plc, and Vice President and Chief Information Officer at NCS Pearson, Inc., a subsidiary of Pearson Education. Prior to that, Ms. Nordin worked for 15 years in various senior information technology positions at Liberty Enterprises, a check printing and services company, and Honeywell, a manufacturing and service organization. Ms. Nordin earned a B.A. from Augsburg College.

Organization Position Status
Capella Education Company Vice President of Operations of Our Company Current
Pearson Education Chief Information Officer Former
NCS Pearson, Inc. Chief Information Officer Former
NCS Pearson, Inc. Vice President Former
Honeywell Corporation Former
Liberty Enterprises Inc. Former
Augsburg College B.A. Former

Elizabeth M. Rausch joined our company in 1999 and has been serving as our Vice President, Human Resources since then. From 1985 to 1999, Ms. Rausch served as Director and Manager of Human Resources at Marigold Foods, Inc., a regional food and dairy processing organization. Ms. Rausch earned a B.A. from the University of Minnesota and a M.S. degree from Mankato State University.

Organization Position Status
Capella Education Company Vice President, Human Resources Current
Capella Education Company Director, Human Resources Former
Mankato State University M.S. Degree Former
University of Minnesota B.A. Former

Gregory W. Thom joined Capella Education Company in 2003 and has been serving as vice president, general counsel of the company, and secretary of the company's board of directors since that time. From 2002 to 2003, he served as vice president, global sales and distribution, at Datacard Group, and from 2000 to 2002, as vice president, government solutions, with the same company. He was Datacard Group’s vice president, general counsel, and secretary from 1994 to 2000. From 1991 to 1994, Thom was an attorney with Dorsey & Whitney LLP, a Minneapolis-based law firm. He holds a Bachelor of Arts from Bethel College (now Bethel University), a Master of Business Administration from the University of Connecticut, and a Juris Doctor from William Mitchell College of Law.

Organization Position Status
Capella Education Company Vice President, General Counsel, and Secretary Current
Capella Education Company General Counsel Current
DataCard Group Vice President, Global Sales Former
Dorsey & Whitney Llp Attorney Former
William Mitchell College of Law J.D. Former
University of Connecticut M.B.A. Former
Bethel College B.A. Former

Linda Muehlbauer came to Capella University in 2001 as director of enrollment services. In 2003, she was named vice president of operations and in 2004, vice president of business management. Since 2005, she has served Capella University as vice president of learner support. Muehlbauer came to Capella from Bank of America Mortgage, where she developed Internet and traditional business expertise in the areas of sales, customer service and retention, and quality service training and process implementation. At Bank of America Mortgage, Muehlbauer was recognized as one of the bank's top customer experience leaders and for achieving 98 percent overall customer satisfaction through the implementation of quality training programs. Muehlbauer has a Bachelor of Science from the Carlson School of Management at the University of Minnesota, where she is currently pursuing an executive MBA degree.

Organization Position Status
Capella Education Company Vice President, Learner Support Current
Bank of America Mortgage Former
University of Minnesota Mba Former
Carlson School of Management Bachelor of Science Former

Organization Position Status
Business Talent Group LLC Founder, Chairwoman, and Chief Executive Officer Current
Business Talent Group LLC President Current
The National Campaign Co-Founder Current
Maveron LLC Venture Partner Current
Capella Education Company Venture Partner Current
Capella Education Company Board of Directors Current
The National Campaign Board Member Current
TRW Automotive Holdings, Corp. Member of the Board of Directors Current
TRW, Inc. Director Current
Americast Acting President Former
Americast Coo Former
The Walt Disney Company COO Former
BellSouth Corporation COO Former
General Telephone and Electronics Corporation COO Former
Sb&C, Ltd. COO Former
Americast Executive Vice President Former
Lehman Brothers Holdings Inc. Vice President, Public Finance Former
Capella Education Company Director of Our Company Former
Cravath, Swaine & Moore LLP NA Former
Corporation for Public Broadcasting Advisor Former
Apex Learning, Inc. Board Observor Former
Exide Technologies Director Former
University of Virginia School of Law Jd Former
University of Virginia J.D. Former
University of Michigan B.A. Former
University of Virginia School of Law graduate Former
University of Michigan graduate Former

Organization Position Status
Capella Education Company Director of Investor Relations Current

Organization Position Status
Capella Education Company Director of Public Relations, Contact Current

Jon Q. Reynolds, Jr. has served as a director of our company since 2005. Since 1999, Mr. Reynolds has been a general partner at Technology Crossover Ventures, a venture capital firm he joined in 1997. Mr. Reynolds earned an A.B. degree in geography from Dartmouth College and an M.B.A. from Columbia Business School.

Organization Position Status
Capella Education Company Director of Our Company Current
Technology Crossover Ventures General Partner Former
Columbia Business School M.B.A. Former
Dartmouth College A.B. Degree Former

Organization Position Status
Avoca Implement Founder Current
Cherry Tree Owner Current
Capella Education Company Director of Our Company Current
Cherry Tree Chairman of the Board Current
Avoca Implement Director Current
Peoples Educational Holdings Inc. Board of Directors Current
Dolan Media Company Board of Directors Current
Quad County Implement Director Current
Fair Isaac Corporation Board of Directors Current
Transport Corporation of America, Inc. Board of Directors Current
AmeriPride Services Inc. Director Current
Metafarms Director Current
Arthur Andersen LLP NA Former
Norwest Venture Capital NA Former
Harvard Business School MBA Former
St. John's University B.A. Former

Organization Position Status
Capella Education Company Public Relations Manager Current

Karen Viechnicki joined Capella in 2002. She came to Capella from the University of Wisconsin-River Falls where she served as dean of the College of Education and Professional Studies from 1998-2002. From 1992-1998 she served as interim dean and associate dean in the College of Education at Ohio University. Prior to 1992, Viechnicki served as director of Off Campus Programs and Field Experiences at Kent State University. Viechnicki's professional training has been in the areas of teacher preparation, program evaluation, and higher education administration. She has taught graduate and undergraduate courses and served on numerous dissertation committees. In addition, she taught for several years in K-12 settings. Viechnicki received her Bachelor of Arts from Arcadia University and her Master of Arts from the University of Akron, Ohio. She holds a Doctor of Philosophy in curriculum and instruction from Kent State University.

Organization Position Status
Capella Education Company Provost Current
Kent State University Director Off Campus Programs Former
The University of Akron Master of Arts Former
Arcadia University Bachelor of Arts Former

Kurt Linberg, dean of the School of Business and Technology, previously served as a faculty member and program director of IT programs. He joined Capella in 2000, and in 2001 became the founding dean of the School of Technology where he managed the ongoing development of the bachelor's and master's in information technology programs. In July 2004, Linberg assumed leadership of the graduate programs in the combined School of Business and Technology. Prior to his focus in higher education, Linberg spent nearly 20 years in software development and project management with Fortune 500 companies. He holds a Doctor of Philosophy in applied management and decision sciences from Walden University. He has the Master of Science in software engineering from the University of St. Thomas and graduated summa cum laude with a Bachelor of Science in applied mathematics from the University of Wisconsin. He has published eight papers and holds seven patents for mission-critical implementation in the medal and education fields. He currently serves on the executive committee of the National University Telecommunications Network and the executive committee of the National Society of IT education.

Organization Position Status
Capella Education Company Dean, School of Business and Technology Current
University of St. Thomas Master of Science In Software Engineering Former
University of Wisconsin Bachelor of Science In Applied Mathematics Former

Organization Position Status
Capella Education Company Coordinator of Capella's Writing Current

Valerie Perkins brings more than 26 years of undergraduate education experience to her role as dean of the School of Undergraduate Studies. Perkins came to Capella University in 2003 from Chicago, Ill., where she was employed at Malcolm X College, one of the City Colleges of Chicago. In her years with Malcolm X College, she served as associate professor of English, English Department chairperson, dean of Arts and Sciences and vice president for Academic Affairs. Her numerous conference presentations, leadership, and outreach activities won her the City of Chicago's Kathy Ostermann Award for Superior Public Service in 1999 and the Outstanding Administrator Award from the 7th Congressional District, United States Congress, in 2001. She has served as president of the board of directors, University of Illinois-Chicago, Mile Square Health Center; competition chairperson, Illinois Academic Decathlon; and state executive board member, American Association for Women in Community Colleges.

Organization Position Status
Capella Education Company Dean, School of Undergraduate Studies Current
University of Illinois at Chicago President of the Board Former

Darrell R. Tukua has been a Capella Education Company director since 2004. From 1988 to 2003, when he retired, Tukua was a partner at KPMG LLP, a public accounting firm he joined in 1976. Since 2005, Tukua has served on the board of directors of The MMIC Group, an insurance company, where he is also a member of the audit and budget committees. In 2007, he became a member of the boards of directors of two subsidiaries of The MMIC Group, MMIC Technology Solutions and MMIC Agency. Tukua also has been a member of the Gate City Bank board of directors and its audit, nominating/corporate governance, and compensation committees since 2005. During 2004, he was an advisory board member of Gate City Bank. He currently serves on the boards of directors of Catholic Charities of St. Paul and Minneapolis and Habitat for Humanity of Minnesota. Tukua earned his Bachelor of Science from the University of South Dakota.

Organization Position Status
Midwest Medical Insurance Co. Board of Directors Current
The Habitat Company Inc. Board of Directors Current
Catholic Charities Board of Directors Current
Capella Education Company Director Current
Gate City Bank Board of Directors Current
Mmic Board of Directors Former
University of South Dakota Bachelor of Science Former

Organization Position Status
Alan Joel Partners, Inc. Associate Current
Association of Test Publishers Chairman Current
PLATO Learning Inc. Executive Chairman of the Board Current
Capella Education Company Board of Directors Current
Inscape Publishing Board of Directors Current
4GL School Solutions, Inc. Board of Directors Current
NCS Pearson, Inc. Chief Executive Officer Former
Testing Services, Inc. CEO Former
Testing Services, Inc. President Former
Association of Test Publishers President Former
National Cinema Supply Corp. President Former
NCS Pearson, Inc. Group Vice President, Education Systems Group Former
The University of Iowa Past Director Former
National Cinema Supply Corp. Education sector Former
Houghton Mifflin Former
McGraw Hill Former
PLATO Learning Inc. Board of Directors Former
Columbia Business School Master of Business Administration Former
Southern Illinois University M.A. Former
The University of Iowa M.B.A. Former
Columbia Business School Bachelor of Arts Former
Southern Illinois University B.A. Former

Organization Position Status
Capella Education Company Board of Directors Current

Organization Position Status
Forstmann Little & Co. General Partner Current
Quadrangle Group LLC Managing Principal Current
Capella Education Company Director Current
Forstmann Little & Co. Associate Former
The Goldman Sachs Group, Inc. Mergers and Acquisitions Former
Citadel Broadcasting Company Team Member Former
Stanford University M.B.A Former

Organization Position Status
Technology Crossover Ventures General Partner Current
Benefitmall, Inc. Board of Directors Current
Seismic Micro-Technology, Inc. Board of Directors Current
Xacct Board of Directors Current
BrightMail, Inc. Board of Directors Current
HomeGain, Inc. Board of Directors Current
Solarc, Inc. Board of Directors Current
Capella Education Company Director Current
eloyalty Corporation Investor Current
Intraware, Inc. Investor Current
Solarc, Inc. Investor Current
BrightMail, Inc. Investor Current
Capella Education Company Investor Current
Webroot Software, Inc. Investor Current
Altiris Inc. Investor Current
Benefitmall, Inc. Investor Current
TechTarget, Inc. Investor Current
General Atlantic, LLC Associate Former
Lazard Ltd. Member of the mergers and acquisitions Former
Webroot Software, Inc. Board Member Current
Compuware Corporation Investor Former
Legent Corporation Investor Former
E*TRADE FINANCIAL Corp. Investor Former
Baan Company Investor Former
Columbia Business School Master's Degree Former
Dartmouth College A.B. In Geography Former

Organization Position Status
Cebc Executive Business Fellow, Leadership Current
Great Plains Energy Inc. Executive Fellow Current
KCPL Inc. Director Current
Capella Education Company Director Current
Great Plains Energy Inc. Board of Directors Current
KLT Inc. Director Current
Great Plains Energy Inc. Compensation Committee Member Current
Princeton University Graduate Former
Princeton University B.A. Former

Jeffrey W. Taylor has served as a director of Capella Education Company since 2002. He is currently senior vice president, U.S. government policy and investor relations, for Pearson plc. He previously served as president of Pearson, Inc., the U.S. holding company of Pearson plc, from 2003 to 2008, and as vice president of government relations for Pearson, Inc., from 2000 to 2003. From 1994 to 2000, he was vice president and chief financial officer of National Computer Systems, an education testing and software company. Taylor earned a Bachelor of Science from Indiana State University.

Organization Position Status
Capella Education Company Director Current
Pearson Co. President Former
Pearson Co. Vice President of Government Relations Former
Boston University School of Law J.D. Former
Indiana State University Bachelor of Science Former

Organization Position Status
Capella Education Company Board of Directors Current

Organization Position Status
Insight Venture Partners Special Limited Partner Current
Capella Education Company Director Current
Rockefeller Foundation Advisor Current
Warburg Pincus, LLC Managing Director Former
Warburg Pincus, LLC Partner Former
Forstmann Little & Co. Partner Former
Princeton University A.B Former
University of Oxford D.Phil Former

Kimberly Spoor is a core faculty member in professional studies and the FirstCourse faculty lead in the School of Education at Capella University. Spoor was principal of the Ojibwe School, a grades 6-12 tribal grant school on the Fond du Lac Reservation in Cloquet, Minn. Subsequently, she became an assistant professor at the College of St. Scholastica, where she also served as the director of student affairs in teacher education and developed and directed the Ojibwe Language and Culture Education program. Spoor's background includes a 13-year career in health services, which included respiratory therapy, hemodynamic monitoring, and polysomnography. Spoor is interested in issues in equity education with a focus on American Indian education and culture. She has presented papers on a number of topics, including "Alternative Ways of Thinking and Learning with an Emphasis on Anishinaabe Teachings and Culture," at the National Association of Native American Studies in Houston, Texas; "Over-representation of Students of Color in Special Education," at Lincoln College, Oxford University in England; and "Preservation and Revitalization of Indigenous Languages," at the University of London in England. Spoor has a Bachelor of Arts in social science from the College of St. Scholastica, a Master of Education from Harvard University, and a Doctor of Philosophy from Capella University. She also completed the Harvard Principals' Center's Summer Institute. Return to University Mission & Leadership page.

Organization Position Status
Capella Education Company Board of Directors Current
Harvard University Master of Education Former

Greene most recently served as vice president of sales and distribution for Financial Services at IBM, responsible for setting business development strategy and driving growth across the $24 billion banking, financial markets and insurance industry segment. Prior to that, he served for four years as general manager of IBM's Global Banking unit, the company's largest industry vertical, with responsibility for driving performance of the company's $14 billion, worldwide business portfolio of 1,200 banking clients. Before that, he led strategy and business development for IBM's Financial Services Strategy and Solutions division. Earlier in his IBM career, Greene served as vice president of IBM's SecureWay software business group, focused on e-business infrastructure products, and played a central role in developing IBM's electronic commerce software strategy as co-founder of the company's e-commerce initiative now known as IBM WebSphere. Prior to joining IBM, he served in leadership roles with companies including Technology Solutions Company (New York, NY), Berkeley Investment Technologies and Citicorp. He began his career in 1982 as an economist with the Federal Reserve Board.

Organization Position Status
Fair Isaac Corporation Chief Executive Officer Current
Fair Isaac Corporation Board of Directors Current
Capella Education Company Board of Directors Current
International Business Machines Corporation Vice President, Sales and Distribution, Financial Services Former
International Business Machines Corporation General Manager, IBM's Global Banking Unit Former
University of Michigan Doctorate Degree, Economics Former
University of Michigan Master's Degree, Economics Former
University of Michigan B.A. Former

Patricia Cardenas-Adame is vice president of student affairs at Mesa Community College, the largest of the ten Maricopa Community Colleges in Arizona. Cardenas-Adame earned her Doctor of Philosophy in higher education administration from Capella University. She also holds a Master of Arts in human resource management from Emmanuel College in Boston, Mass., and a Bachelor of Science in secondary education from Texas A & M University. Cardenas-Adame's professional experience includes more than 20 years in higher education specializing in the enrollment and student life areas of student support services. Her experience in education ranges from classroom experience to student support. She works from a student-centered philosophy to provide teaching and learning opportunities that meet the unique needs of diverse students. Additionally, Cardenas-Adame is a committed community leader who is an active member of various civic organizations. Her career has included employment at Chandler-Gilbert Community College in Gilbert, Ariz.; Rice University in Houston; Rio Salado College in Phoenix; Emmanuel College in Boston; Houston Baptist University in Houston; and Texas A & M University in Kingsville, Texas.

Organization Position Status
Mesa Community College Vice President Current
Capella University, Inc. Board Chair Current
Capella Education Company Board of Directors Current
Capella University, Inc. Doctor of Philosophy In Higher Education Administration Former
Texas A&M University Master of Arts In Human Resource Former
Emmanuel College Master of Arts In Human Resource Management Former
Texas A&M University Bachelor of Science In Secondary Education Former
Rice University Former
Houston Baptist University Former

Paul A. Schroeder has been serving as a Senior Vice President of Capella University since April 2006, primarily responsible for the day-to-day operations of Capella University. In addition, he has been serving as a Senior Vice President of Capella Education Company since 2004, and as a director of Capella University since 2003. From 2004 to March 2006, Mr. Schroeder served as our Senior Vice President, Business Management, from 2003 to 2004, Mr. Schroeder served as our Senior Vice President, Business and Technology and from 2001 to 2003, Mr. Schroeder served as our Senior Vice President and Chief Financial Officer. From 1997 to 2001, Mr. Schroeder held various executive management positions, including Senior Vice President, General Manager and Chief Financial Officer, with Datacard Group, a privately held company providing hardware and software solutions to the financial card and government ID markets. From 1984 to 1997, Mr. Schroeder held a variety of financial management positions at NCR Corporation, an NYSE-listed technology systems and services company. Mr. Schroeder earned a B.A. from Haverford College and an M.B.A. from Northwestern University s Kellogg School of Management. He also completed additional graduate work at the University of Illinois.

Organization Position Status
Capella University, Inc. Senior Vice President Current
Capella Education Company Director Current
Capella University, Inc. Director Current
Capella Education Company Executive Vice President, Business Management Former
Capella Education Company Senior Vice President and Chief Financial Officer Former
DataCard Group Senior Vice President and Cfo Former
NCR Corporation Former
Northwestern University Master of Business Administration Former
Haverford College Bachelor of Arts Former
University of Illinois Former

Priscilla McNulty joined Capella in April 2004 and serves as corporate counsel and regulatory advisor to the organization. McNulty's background includes legal and corporate development with three multi-billion-dollar international corporations. She also has substantial experience dealing with public policy and government affairs. Prior to entering the corporate world, she was in private practice with a notable Minneapolis law firm and served as judicial law clerk to the chief judge of the United States Bankruptcy Court for the District of Minnesota. McNulty earned her BA and MA Ed degrees with honors from the University of St. Thomas in St. Paul, Minn., and her Juris Doctor from William Mitchell College of Law. While attending William Mitchell, she was awarded a fellowship in international law from Cambridge University. McNulty has experience working with international business affairs, including mergers and acquisitions, as well as development of businesses of all sizes from start-ups to diversified enterprises.

Organization Position Status
Capella Education Company Board Secretary Current
Capella Education Company Corporate Counsel Former
William Mitchell College of Law Juris Doctor Former
University of St. Thomas Ba and Ma Ed Degrees With Honors Former

Organization Position Status
Capella Education Company Board of Directors Current
Boston University School of Law Juris Doctor Former

Sharan B. Merriam is a professor of adult education at The University of Georgia in Athens, where her responsibilities include teaching graduate courses in adult education and qualitative research methods and supervising graduate student research. Her doctorate is in adult education from Rutgers University. Before coming to Georgia, she served on the faculties of Northern Illinois University and Virginia Polytechnic Institute and State University. Merriam's research and writing activities have focused on the foundations of adult education, adult development, adult learning, and qualitative research methods. For five years she was co-editor of Adult Education Quarterly, the major research and theory journal in adult education. She is a three-time winner of the prestigious Cyril O. Houle World Award for Literature in Adult Education for books published in 1982, 1997, and 1999. She regularly presents seminars on adult learning and qualitative research throughout North America, Southern Africa, Southeast Asia, the Middle East, and Europe. In 1999 she was a Fulbright Scholar to Malaysia.

Organization Position Status
Capella Education Company Board of Directors Current
Rutgers University Doctorate Is In Adult Education Former
Virginia Polytechnic Institute and State University Former

Organization Position Status
Technology Crossover Ventures Principal Current
R I S E Resources for Indispensable Schools and Educators Board of Directors Current
Rise, LLC Board of Directors Current
Liquidnet, Inc. Investor Current
KGB Investor Current
Capella Education Company Investor Current
Penson Worldwide, Inc. Investor Current
thinkorswim, Inc. Investor Current
Weddingchannel.Com, Inc. Business Development Manager Former
Robertson, Stephens & Company Analyst Former
Princeton University B.A. in Economics Former

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