Management ChangeJul 30, 2026, 08:16 AM
Stride Appoints Robert Knowling as CEO; Steven Fink as Board Chair
AI Summary
Stride, Inc. announced a significant leadership transition, with James J. Rhyu stepping down as CEO and Board Chair. Robert E. Knowling, Jr., an independent board member, has been appointed as the new Chief Executive Officer, effective immediately. Additionally, Steven B. Fink was named Chair of the Board, and Brian Shepherd was appointed to the Board of Directors. The company also reported preliminary unaudited financial results for fiscal year 2026, showing increases in revenue, income from operations, net income, and adjusted EBITDA compared to the prior year.
Key Highlights
- Robert E. Knowling, Jr. appointed as Chief Executive Officer, effective July 29, 2026.
- James J. Rhyu ceased serving as CEO and Board Chair, effective July 29, 2026.
- Steven B. Fink appointed as Chair of the Board, effective immediately.
- Brian Shepherd appointed to the Board of Directors, effective July 29, 2026.
- FY2026 preliminary total revenue expected at $2,518.1 million, up from $2,405.3 million.
- FY2026 preliminary income from operations expected at $450.8 million, up from $360.1 million.
- FY2026 preliminary net income expected at $338.2 million, up from $287.9 million.
- FY2026 preliminary adjusted EBITDA expected at $617.6 million, up from $571.0 million.
Price Impact
More from LRN