K12 CEO Stuart Udell resigns, Nathaniel Davis to succeed
K12 announces that Nathaniel Davis was appointed by the Board of Directors as the company's CEO and will remain Chairman of the K12 Board of Directors. Davis joined the K12 Board of Directors in 2009. He has served as Chairman of the Board since June 2012 and as Executive Chairman since January 2013. Davis previously served as K12's CEO from January 2014 through February 2016. Stuart Udell resigned as CEO and as a member of the company's Board of Directors effective March 2 due to the Board's decision to redefine his responsibilities. "Excluding the impact of the severance amounts as provided in Mr. Udell's employment agreement, K12 is reaffirming its financial guidance for both the third quarter and full year of fiscal year 2018," said Davis. "We are right where we need to be at midyear to achieve our objectives for fiscal year 2018 and beyond."