Chegg Announces Appointment of Nathan Schultz as Chief Executive Officer
April 29 2024 - 4:06PM
Business Wire
Dan Rosensweig appointed Executive Chairman of the Board
Chegg, Inc. (NYSE: CHGG), the leading student-first connected
learning platform, today announced the appointment of Nathan
Schultz as President and Chief Executive Officer, effective June 1.
Schultz will succeed Dan Rosensweig, who will step up to the role
of Executive Chairman after 14 years as CEO.
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Dan Rosensweig was appointed Executive
Chairman after 14 years as CEO of Chegg. (Photo: Business Wire)
Schultz is a veteran of Chegg and has served in multiple
leadership roles over the last 16 years at the company. Early on he
was responsible for Chegg’s required materials offerings and was
instrumental in shifting the company to a fully digital learning
platform in his role as President of Learning Services. In 2022, he
was elevated to the role of Chief Operating Officer, overseeing
Chegg’s learning services, including Chegg Study, Writing, and
Math, and non-academic support, such as language learning and
skills training. Under his leadership, Schultz led Chegg to embed
AI into every facet of product development, specifically driving
the formation of Chegg's unique and proprietary large language
models that are the foundation for the company's new personalized
learning experience.
Schultz has a deep passion for delivering learning outcomes and
has dedicated his career to education, having previously worked in
education publishing at Bowker, Pearson, and Jones & Bartlett
prior to joining Chegg. He attended Elon University in North
Carolina, receiving his BA in History and English, and continued
his education in Finance at Stevens Institute of Technology in New
Jersey.
“Nathan has been a key part of our leadership team over the last
16 years, helping Chegg become one of the largest, most accessible,
and impactful online education services for students around the
world,” said Dan Rosensweig, current CEO and incoming Executive
Chairman. “As the company embraces AI and embarks on its next big
growth opportunity, this is the right time for Nathan to lead Chegg
into the AI era.”
As Rosensweig transitions to his new role as Executive Chairman,
Nathan Schultz will also assume a seat on the Chegg Board.
“The Board is enormously grateful to Dan for his leadership in
transforming Chegg from a loss-making, print textbook rental
business in 2010 to a profitable, global, online learning platform
serving millions of students today,” said Richard Sarnoff,
Co-Chairman of the Board of Directors. “Given Dan’s success over
the years, his deep commitment to education, and his unwavering
advocacy for learners of all kinds, we are thrilled he will be
stepping into a new role as Executive Chairman.”
“I also want to congratulate Nathan Schultz on his appointment
to CEO,” Sarnoff continued. “The Board believes he is precisely the
right leader to advance Chegg’s focused strategic vision for
AI-powered, personalized learning and to drive future growth and
success for the business. We look forward to working with both
Nathan and Dan in their new roles as Chegg continues to serve
learners everywhere.”
“I appreciate Dan’s partnership and leadership over the last 14
years and am proud of the work we have done together to support
students and their learning outcomes,” said Nathan Schultz,
incoming CEO of Chegg. “I am honored to take on this new role, and
I want to thank both Dan and the Board for their support of me over
so many years. We have built an amazing team, and I am excited
about the opportunity to revolutionize how we serve students with
our proprietary AI, delivering better learning outcomes for
students and increasing the value of Chegg for our investors.”
About Chegg
Millions of people all around the world learn with Chegg. No
matter the goal, level, or style, Chegg helps learners learn with
confidence. We provide 24/7 on-demand support, and our personalized
learning assistant leverages the power of artificial intelligence,
more than a hundred million pieces of proprietary content, as well
as a decade of learning insights. Our platform also helps learners
build essential life and job skills to accelerate their path from
learning to earning, and we work with companies to offer learning
programs for their employees. For more information, visit
www.chegg.com.
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version on businesswire.com: https://www.businesswire.com/news/home/20240429522177/en/
Media Contact Heather Hatlo Porter, press@chegg.com
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