Aspen Group appoints Frank Cotroneo as CFO
Aspen Group announced that it has named Frank Cotroneo CFO. Cotroneo, who has been a Board member of Aspen Group since 2018 and served as Chair of its Audit Committee, will take his new role effective immediately. Cotroneo previously served as the COO and CFO of Netspend. Cotroneo will lead Aspen Group's corporate and business unit Finance and Accounting functions and Human Resources. Cotroneo will report to Michael Mathews, Aspen Group's Chairman and CEO, and will remain a member of the Company's Board of Directors. He succeeds Joseph Sevely, who is leaving Aspen Group to pursue other interests. Sevely has been with Aspen Group since September 2018 and has supported the Company's growth and expansion during this time. In addition, the company announced the promotion of Robert Alessi, formerly VP, Financial Controller to the position of chief accounting officer, effective December 2, 2019. Cotroneo has resigned from the Audit Committee and was replaced by Andy Kaplan, a current independent director. Further, Cotroneo's role as Chair of the Board's Audit Committee will be taken over by Sanford Rich.