Universal Technical Institute Hires Tracy Lorenz to Lead the Company's Transportation, Skilled Trades, and Energy Division

Rhea-AI Summary

Universal Technical Institute (NYSE: UTI) announced the appointment of Tracy Lorenz as the President of its UTI division, which focuses on transportation, skilled trades, and energy education. Lorenz brings over 20 years of higher education leadership experience, including previous roles as CEO of Triumph Education and in various positions at Apollo Education Group. During her tenure, she significantly increased revenue at the Auguste Escoffier School of Culinary Arts. This leadership change aims to enhance UTI's growth and diversification strategy, particularly in addressing workforce needs through new programs and campus expansion in locations like Texas and Florida. UTI operates 16 campuses across 9 states, providing education in in-demand careers within technical fields.

Positive

• Appointment of Tracy Lorenz expected to enhance leadership and growth strategies.
• Lorenz's track record of revenue growth suggests potential for improved financial performance.
• Expansion of programs and campuses supports UTI's commitment to meet workforce demand.

Negative

• Concerns regarding continuity and adaptation to new leadership may arise among stakeholders.

Lorenz brings more than 20 years of growth-oriented higher education executive leadership to the organization

PHOENIX, April 6, 2023 /PRNewswire/ -- Universal Technical Institute Inc. (NYSE: UTI) ("the Company"), a leading workforce solutions provider of transportation, skilled trades, energy, and healthcare education programs announced today the appointment of Tracy Lorenz as President of the Universal Technical Institute ("UTI") division, which is comprised of the Company's transportation, skilled trades, and energy offerings.

"Tracy is a proven leader who is growth-oriented and has more than 20 years of experience in higher education," said Grant. "Over the last few years, UTI acquired MIAT College of Technology along with its skilled trades and energy education programs and added two new campuses - in Texas and Florida - to help address the need for well-trained and skilled workers by making available quality programs designed to meet the needs of students and employers across a variety of industries. Tracy's strong track record makes her a great fit to lead the execution of our growth and diversification efforts within the division, and its focus on helping students train for the jobs of today, tomorrow, and beyond."

"I am excited to join the Company and lead the UTI division," said Lorenz. "I have known UTI and have had the highest regard for the impact the school makes within the transportation sector for many years. To have the opportunity to come into the organization as we are seeking to add more programs to existing campuses and further expand both programmatically and geographically, is an opportunity I look forward to. My focus will be on ensuring we are delivering an optimal experience for our students and maximizing our relationships with our industry and corporate partners."

Lorenz most recently served as the President and Chief Executive Officer of Triumph Education where she grew revenue dramatically during her six years leading the Auguste Escoffier School of Culinary Arts. Prior to that, Lorenz spent nine years at Apollo Education Group in various roles including as President of Western International University. Lorenz has a Bachelor of Science in Accounting and Business/Management and a Master's Degree in Strategic Management, both from Indiana University-Kelley School of Business.

About Universal Technical Institute, Inc.

Universal Technical Institute, Inc. (NYSE: UTI) (the "Company") was founded in 1965 and is a leading workforce solutions provider of transportation, skilled trades and healthcare education programs, whose mission is to serve students, partners, and communities by providing quality education and support services for in-demand careers across a number of highly-skilled fields. The Company is comprised of two divisions: Universal Technical Institute ("UTI") and Concorde Career Colleges ("Concorde"). UTI operates 16 campuses located in 9 states and offers a wide range of transportation and skilled trades technical training programs under brands such as UTI, MIAT College of Technology, Motorcycle Mechanics Institute, Marine Mechanics Institute and NASCAR Technical Institute. Concorde operates across 17 campuses in 8 states, offering programs in the Allied Health, Dental, Nursing, Patient Care and Diagnostic fields. For more information, visit www.uti.edu or www.concorde.edu, or visit us on LinkedIn at @UniversalTechnicalInstitute and @Concorde Career Colleges or on Twitter @news_UTI or @ConcordeCareer.

Media Contact
Alanna Vitucci
avitucci@uti.edu
480.710.6843

 

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SOURCE Universal Technical Institute, Inc.

FAQ

Who is the new President of Universal Technical Institute?

Tracy Lorenz has been appointed as the new President of Universal Technical Institute's division.

What experience does Tracy Lorenz bring to UTI?

Lorenz has over 20 years of experience in higher education, including significant revenue growth at Triumph Education.

How will Tracy Lorenz impact UTI's business strategy?

Lorenz aims to enhance growth and diversification efforts, particularly in expanding programs and addressing workforce needs.

What new campuses has UTI opened recently?

UTI has added new campuses in Texas and Florida to address the need for skilled workers.