LeapFrog Announces the Departure of Founder Mike Wood
EMERYVILLE, Calif., Sept. 1 /PRNewswire-FirstCall/ -- LeapFrog Enterprises, Inc. (NYSE: LF), a leading developer of innovative technology- based educational products, today announced the resignation of LeapFrog founder Michael C. Wood as Chief Vision and Creative Officer, and as Vice Chairman and member of the Board of Directors. Announcing Mr. Wood's resignation, LeapFrog Chief Executive Officer Tom Kalinske said, "Mike is an extremely creative and passionate individual who has been a driving force at LeapFrog, helping to take the company from a single learning product to a successful global education brand. On behalf of the Board and everyone at LeapFrog, I would like to extend our deepest gratitude to Mike for his dedication, hard work and years of service to this company and to our mission to create effective and engaging learning experiences for all ages around the world. We wish him well in his future endeavors." "I have spent the last decade of my life committed to creating spectacular educational products -- I am most proud of the fact that LeapFrog touches the lives of parents, teachers and children every day, as demonstrated by the personal letters that I have received over the years," said Mr. Wood. "I believe that LeapFrog is ready for its next stage of growth, and I have great confidence in Tom Kalinske, Jerry Perez and the executive team at LeapFrog to continue to deliver innovative and engaging learning products -- I wish the company well. As an entrepreneur at heart, I am excited to turn my attention to new ideas and personal interests." Mr. Wood has served in a number of executive positions at the company, including as Chief Executive Officer from March 2002 to February 2004 and as Vice Chairman since September 1997. Mr. Wood founded the company in 1995 after developing the patented Phonics Letters and Phonics Desk(TM) products. Mr. Wood's responsibilities will be assumed by various members of LeapFrog's executive team. About LeapFrog LeapFrog Enterprises, Inc. is a leading designer, developer and marketer of innovative, technology-based learning products and related proprietary content, dedicated to making learning effective and engaging for all ages, at home and in schools, around the world. The company was founded in 1995 and is based in Emeryville, California. LeapFrog has developed a family of learning platforms that come to life with more than 100 interactive software titles, covering important subjects such as phonics, reading, writing, math, music, geography, social studies, spelling, vocabulary and science. In addition, the company has created more than 35 stand-alone educational products for children from birth to 16 years. LeapFrog's award-winning U.S. consumer products are available in six languages at major retailers in more than 25 countries around the world. The LeapFrog SchoolHouse-curriculum programs are currently in classrooms across the U.S. with over 200 interactive books and over 450 skill cards representing more than 6,000 pages of educational content. LeapFrog SchoolHouse(TM) products have won numerous awards from the education industry, including the Golden Lamp Award and Distinguished Achievement Award from the Association of Educational Publishers, the Award of Excellence from Technology & Learning magazine and the Teacher's Choice Award from Learning magazine. NOTE: LEAPFROG, the LeapFrog logo, LeapFrog SchoolHouse and PHONICS DESK are trademarks or registered trademarks of LeapFrog Enterprises Inc. Press Contact: Investor Contact Cherie Stewart Jim Curley LeapFrog Enterprises, Inc. LeapFrog Enterprises, Inc. 510-596-3343 510-420-4882 firstname.lastname@example.org email@example.com
SOURCE LeapFrog Enterprises, Inc.
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