Oct. 4, 2013
Universal Technical Institute, Inc. (NYSE: UTI)
, the leading provider of post-secondary education for students seeking careers as automotive, diesel, collision repair, motorcycle and marine technicians, announced today that
John C. White
has advised the Board of Directors of his intention to retire from his duties as an executive officer and Chairman of the Board, effective
December 9, 2013
. The company is pleased to report, however, that Mr. White will continue to serve as a member of UTI's Board of Directors. Identification of a successor Board leader is currently under review and will be announced in the future.
Mr. White, 65, has served as Chairman since 2005. He stated, "I feel very fortunate that I dedicated the past 37 years of my life to a purpose-driven company that has literally changed the lives of hundreds of thousands of men and women by giving them access to a quality education for jobs that are in high demand. Personally, I am very proud to have been a part of building this company into the premier technical education provider it is today and will always hold a special place in my heart for all of the people who helped create the success behind our MMI, NASCAR Tech and UTI brands. I look forward to supporting the company with my continued involvement as a member of the Board."
legacy will continue regardless of whether he is in the office every day. He has shaped our company for many years and has made a lasting impression on all of us," said
, CEO of Universal Technical Institute. "His visionary leadership and his ability to see the value in partnering with some of the world's leading manufacturers as a way to help both students and employers was leading edge at the time and is the core of our brand and strategic positioning nearly 40 years later."
Mr. White began changing the world for thousands of future technicians when he acquired Motorcycle Mechanics Institute (MMI) in 1977; the school had one building, a handful of students and two instructors. In the early 1980s, his vision guided him to launching a first-of-its-kind training partnership with Harley-Davidson
. This partnership set the stage for a successful strategy working closely with leading motorcycle manufacturers. Soon after Harley-Davidson, relationships with Suzuki, Yamaha,
and Honda were also formed, driving the creation and delivery of educational offerings that best prepare technicians to enter the workforce.
"One of the most important memories I've had in the 42 years of working for Suzuki was to step up, endorse and sign the agreement with Motorcycle Mechanics Institute and its founder,
. This was accomplished because of our relationship with John, his integrity and the way he was revolutionizing training for the motorcycle industry," said
, Director, Motorcycle ATV Service Division Head, Suzuki Motor of America, Inc. "John is a remarkable individual that I'm proud to consider a great business partner and more importantly a true friend. We wish John well. I know Suzuki Motor of America, Inc. and I will miss John's presence immensely."
In 1997, MMI and UTI merged. Mr. White became the company's Chief Strategic Planning Officer and served as a Director on the Board. In 2005, John became Chairman of the Board while actively engaged in business strategy development.