Aspen Group Announces Leadership Transition

Leadership Transition - Aspen Group, Inc. announced a leadership transition with Matt LaVay appointed as Chief Executive Officer, effective March 16, 2026, while Michael Mathews transitions to Executive Chairman [1][2] - The transition is part of a planned succession process reflecting the Board's confidence in LaVay's leadership capabilities for the company's growth and operational execution [2][3] Executive Roles - As CEO, LaVay will oversee day-to-day operations and execute strategic initiatives, while Mathews will remain engaged as Executive Chairman, supporting strategy and long-term value creation [3][4] - LaVay has been with Aspen Group since June 2021 as Chief Financial Officer, where he played a key role in strengthening financial and operational discipline, leading to profitability [4] Company Vision - Aspen Group aims to make college affordable again through its two universities, Aspen University and United States University, leveraging its infrastructure and expertise [5]