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Chegg Announces Board Changes

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Chegg, a leading student-first online learning platform, has announced changes to its board of directors. Sarah Bond, president of Xbox, and Dr. Paul LeBlanc, former president of Southern New Hampshire University, are departing the board. Bond joined in 2020, while LeBlanc began his service in 2019. LeBlanc will continue to serve as an academic advisor for Chegg.

Dan Rosensweig, Executive Chairman and Co-Chairperson of the Chegg Board, expressed gratitude for their contributions. With these changes, Chegg's Board of Directors now consists of nine members, with seven being independent according to NYSE and SEC standards.

Chegg, una delle principali piattaforme di apprendimento online focalizzate sugli studenti, ha annunciato cambiamenti nel suo consiglio di amministrazione. Sarah Bond, presidente di Xbox, e Dr. Paul LeBlanc, ex presidente dell'Università del New Hampshire meridionale, lasciano il consiglio. Bond si è unita nel 2020, mentre LeBlanc ha iniziato il suo servizio nel 2019. LeBlanc continuerà a opere come consulente accademico per Chegg.

Dan Rosensweig, Presidente Esecutivo e Co-Presidente del Consiglio di Amministrazione di Chegg, ha espresso gratitudine per i loro contributi. Con queste modifiche, il Consiglio di Amministrazione di Chegg ora è composto da nove membri, con sette di loro che sono indipendenti secondo gli standard NYSE e SEC.

Chegg, una de las principales plataformas de aprendizaje en línea centradas en los estudiantes, ha anunciado cambios en su junta directiva. Sarah Bond, presidenta de Xbox, y Dr. Paul LeBlanc, ex presidente de la Universidad del Sur de New Hampshire, están saliendo de la junta. Bond se unió en 2020, mientras que LeBlanc comenzó su servicio en 2019. LeBlanc seguirá como asesor académico para Chegg.

Dan Rosensweig, Presidente Ejecutivo y Co-Presidente de la Junta de Chegg, expresó su agradecimiento por sus contribuciones. Con estos cambios, la Junta Directiva de Chegg ahora consta de nueve miembros, de los cuales siete son independientes según los estándares de la NYSE y la SEC.

Chegg, 학생 중심의 온라인 학습 플랫폼 선두주자, 이사회 변화를 발표했습니다. 사라 본, Xbox의 회장, 그리고 폴 르블랑 박사, 뉴햄프셔 남부 대학교의 전 회장이 이사회에서 퇴임합니다. 본은 2020년에 합류했으며, 르블랑은 2019년에 서비스하기 시작했습니다. 르블랑은 Chegg의 학술 자문 역할을 계속 수행합니다.

Dan Rosensweig, Chegg 이사회의 집행 회장 및 공동 의장은 그들의 기여에 대해 감사의 뜻을 표했습니다. 이번 변화로 인해 Chegg 이사회는 현재 아홉 명의 위원으로 구성되어, 그 중 일곱 명은 NYSE 및 SEC 기준에 따라 독립적입니다.

Chegg, une plateforme d'apprentissage en ligne axée sur les étudiants, a annoncé des changements au sein de son conseil d'administration. Sarah Bond, présidente de Xbox, et Dr. Paul LeBlanc, ancien président de l'Université du New Hampshire Sud, quittent le conseil. Bond a rejoint en 2020, tandis que LeBlanc a commencé en 2019. LeBlanc continuera à servir en tant que conseiller académique pour Chegg.

Dan Rosensweig, Président Exécutif et Co-Président du Conseil d'Administration de Chegg, a exprimé sa gratitude pour leurs contributions. Avec ces changements, le Conseil d'Administration de Chegg se compose désormais de neuf membres, dont sept sont indépendants selon les normes de la NYSE et de la SEC.

Chegg, eine führende Online-Lernplattform, die sich auf Studierende konzentriert, hat Änderungen im Vorstand bekannt gegeben. Sarah Bond, Präsidentin von Xbox, und Dr. Paul LeBlanc, ehemaliger Präsident der Southern New Hampshire University, verlassen den Vorstand. Bond trat 2020 bei, während LeBlanc 2019 begann. LeBlanc wird weiterhin als akademischer Berater für Chegg tätig sein.

Dan Rosensweig, Executive Chairman und Co-Chairperson des Chegg-Vorstands, drückte seine Dankbarkeit für deren Beiträge aus. Mit diesen Änderungen besteht der Vorstand von Chegg jetzt aus neun Mitgliedern, wobei sieben gemäß den Standards der NYSE und der SEC unabhängig sind.

Positive
  • Chegg maintains a strong board with 9 directors, 7 of whom are independent
  • Dr. Paul LeBlanc will continue to serve as an academic advisor for Chegg
Negative
  • Loss of two experienced board members, potentially impacting strategic guidance
  • Reduction in board size, which may affect decision-making dynamics

SANTA CLARA, Calif.--(BUSINESS WIRE)-- Chegg, a leading student-first online learning platform, announced today that Sarah Bond and Dr. Paul LeBlanc are departing its board of directors.

"On behalf of the entire board, I want to express our deepest gratitude to Sarah and Paul for their service and unwavering dedication over the years,” said Dan Rosensweig, Executive Chairman and Co-Chairperson of the Chegg Board. “Their leadership and expertise have been instrumental in guiding our mission through the years. While we will miss their valuable insights and presence, we are grateful for their contributions."

“It's been an honor to be part of Chegg's journey these past four years. I continue to feel strongly about Chegg’s mission to advocate for students and their academic success, and I look forward to the transformational impact the team will have in the future,” Bond said.

Bond, president of Xbox, joined Chegg’s Board of Directors in 2020, and LeBlanc, who recently retired as president of Southern New Hampshire University, began his service in 2019.

In addition to LeBlanc’s service as a board director, he also served as Chair of Chegg’s Academic Advisory Board, which advises and informs company strategies to help it better meet the needs and challenges of universities and their students. LeBlanc will continue to serve as an academic advisor for Chegg.

“Serving on the Chegg Board, I got to see close up the company’s focus on students, especially its passion for helping students who often lack the privilege and support so many take for granted. The company’s integration of AI in ways that assure accuracy, and genuine step-by-step learning reassures students that not only will Chegg be there for them, but it will be so in ways they know they can trust,” LeBlanc said.

With the changes announced today, Chegg’s Board of Directors is now composed of nine directors, seven of whom are independent within the meaning of the independence policy of the Board of Directors of the New York Stock Exchange (NYSE) and applicable rules of the U.S. Securities Exchange Commission (SEC).

About Chegg

Chegg provides individualized learning support to students as they pursue their educational journeys. Available on demand 24/7 and powered by over a decade of learning insights, the Chegg platform offers students AI-powered academic support thoughtfully designed for education coupled with access to a vast network of subject matter experts who ensure quality. No matter the goal, level, or style, Chegg helps millions of students around the world learn with confidence by helping them build essential academic, life, and job skills to achieve success. Chegg is a publicly held company based in Santa Clara, California and trades on the NYSE under the symbol CHGG. For more information, visit www.chegg.com.

JaShel Jones, press@chegg.com

Source: Chegg

FAQ

Who is leaving Chegg's board of directors?

Sarah Bond, president of Xbox, and Dr. Paul LeBlanc, former president of Southern New Hampshire University, are departing Chegg's (CHGG) board of directors.

How many directors are on Chegg's board after the recent changes?

After the recent changes, Chegg's (CHGG) board of directors now consists of nine members.

How many independent directors are on Chegg's board?

Seven out of the nine directors on Chegg's (CHGG) board are independent according to NYSE and SEC standards.

When did Sarah Bond join Chegg's board of directors?

Sarah Bond joined Chegg's (CHGG) board of directors in 2020.

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