Edison Schools Announces Election of Board of Directors

Nov 30, 2000, 00:00 ET from Edison Schools

    NEW YORK, Nov. 30 /PRNewswire/ -- Edison Schools (Nasdaq:   EDSN), the
 nation's largest private manager of public schools, announced today the
 election of the company's Board of Directors at its first annual shareholder
 meeting.  New members of the Board include: Christopher Cerf, Joan Ganz
 Cooney, Reverend Floyd Flake and Jonathan Newcomb.  Each director is elected
 to hold office until the next annual meeting of stockholders.
     Benno C. Schmidt Jr., who has served as the Company's Chairman of the
 Board of Directors since March 1997, will continue as Chairman.  Mr. Schmidt
 said, "We have assembled a terrific group of individuals for Edison's Board
 and I look forward to working with each of them."
     Chris Whittle, Founder and Chief Executive Officer, added, "Edison will
 benefit a great deal from the experience and expertise of this Board.  Both
 individually and collectively they have a great deal to offer and will serve
 the company well."
     Following are brief biographies of the Edison Schools Inc. Board of
 Directors:
 
     Christopher D. Cerf has served as the Company's Chief Operating Officer
 since May 1999, and the Company's General Counsel from June 1997 to April
 2000.  From 1994 to May 1996, he served in the White House as Associate
 Counsel to the President.
     Joan Ganz Cooney is the Chairman, Executive Committee of the Children's
 Television Workshop.  Ms. Cooney created Sesame Street and co-founded the
 Children's Television Workshop as its Executive Director in 1968.  She was
 named its President-CEO in 1970 and Chairman-CEO in 1988.
     Ramon C. Cortines has served as a director since July 2000.  He was
 formerly the Chancellor of the New York City Public Schools from November of
 1993 to October of 1995 and Interim Superintendent of the Los Angeles Unified
 School District from November 1999 to June 2000.
     Reverend Floyd H. Flake has served as President of Edison Charter Schools
 since May 2000.  He has also served as the senior pastor of the more than
 12,000-member Allen African Methodist Episcopal Church in Jamaica, Queens
 since 1976.  From January 1986 to December 1997, Reverend Flake served as a
 member of the United States House of Representatives, representing the 6th
 district of New York.
     Jonathan Newcomb has served as the Chief Executive Officer and Chairman of
 the Board of Directors of Simon & Schuster, Inc., a publishing company, since
 1988.
     Benno C. Schmidt, Jr. has served as the Company's Chairman of the Board of
 Directors since March 1997, and the Company's Chief Executive Officer from
 1992 to June 1998.  Mr. Schmidt served as President of Yale University from
 1986 to 1992 and was the Dean of the Columbia University School of Law from
 1984 to 1986.
     William F. Weld has served as a director since October 1999.  Mr. Weld
 served as the Governor of the Commonwealth of Massachusetts from January 1991
 to July 1997. He has been a partner with the law firm of McDermott,
 Will & Emery since November 1997.
     John W. Childs has served as a director since November 1996.  He has
 served as President of J.W. Childs Associates L.P., a private investment firm,
 since June 1995.
     Charles J. Delaney has served as a director since July 1999.  Mr. Delaney
 is President of UBS Capital Americas, which is the manager for two funds
 established by USB AG to make private equity investments in the U.S. and Latin
 America.
     Jeffrey T. Leeds has served as a director since November 1996.  He has
 been a principal of Leeds Equity Management L.L.C., a private investment firm
 since November 1999.  He has also been a principal of Advance Capital
 Management L.L.C., a private investment firm, since October 1995.
     H. Christopher Whittle, the Company's founder, has served as President
 since March 1997 and Chief Executive Officer since July 1998.  He has served
 as a director since 1992, and was the Company's Chairman of the Board from
 1992 until March 1995.  From 1986 to 1994, Mr. Whittle was Chairman and Chief
 Executive Officer of Whittle Communications L.P., which developed magazines
 and other print publications as well as Channel One, an advertising-supported
 daily news and information television program for schools.
 
     Edison Schools currently manages 113 public schools with a total
 enrollment of approximately 57,000 students.  Through contracts with local
 school districts and public charter school boards, Edison assumes educational
 and operational responsibility for individual schools in return for per-pupil
 funding that is generally comparable to that spent on other public schools in
 the area.  Over the course of three years of intensive research, Edison's team
 of leading educators and scholars developed an innovative, research-based
 curriculum and school design.  Edison opened its first four schools in August
 1995, and has grown rapidly in every subsequent year.
 
     Except for the historical information contained in this announcement, the
 matters discussed are forward looking statements (as that term is used in the
 Private Securities Litigation Reform Act of 1995) that involve risks and
 uncertainties, including risks detailed from time to time in Edison's filings
 with the Securities and Exchange Commission.  In particular, Edison calls to
 the reader's attention the risk factors described in its Quarterly Report on
 Form 10-Q dated November 14, 2000 under the heading Additional Risk Factors
 That May Affect Future Results.  Any such forward-looking statements speak
 only as of the date such statements are made, and Edison undertakes no
 obligations to publicly release the results of any revision to these
 forward-looking statements or otherwise update or supplement this announcement
 or risk factors contained herein.
 
 

SOURCE Edison Schools
    NEW YORK, Nov. 30 /PRNewswire/ -- Edison Schools (Nasdaq:   EDSN), the
 nation's largest private manager of public schools, announced today the
 election of the company's Board of Directors at its first annual shareholder
 meeting.  New members of the Board include: Christopher Cerf, Joan Ganz
 Cooney, Reverend Floyd Flake and Jonathan Newcomb.  Each director is elected
 to hold office until the next annual meeting of stockholders.
     Benno C. Schmidt Jr., who has served as the Company's Chairman of the
 Board of Directors since March 1997, will continue as Chairman.  Mr. Schmidt
 said, "We have assembled a terrific group of individuals for Edison's Board
 and I look forward to working with each of them."
     Chris Whittle, Founder and Chief Executive Officer, added, "Edison will
 benefit a great deal from the experience and expertise of this Board.  Both
 individually and collectively they have a great deal to offer and will serve
 the company well."
     Following are brief biographies of the Edison Schools Inc. Board of
 Directors:
 
     Christopher D. Cerf has served as the Company's Chief Operating Officer
 since May 1999, and the Company's General Counsel from June 1997 to April
 2000.  From 1994 to May 1996, he served in the White House as Associate
 Counsel to the President.
     Joan Ganz Cooney is the Chairman, Executive Committee of the Children's
 Television Workshop.  Ms. Cooney created Sesame Street and co-founded the
 Children's Television Workshop as its Executive Director in 1968.  She was
 named its President-CEO in 1970 and Chairman-CEO in 1988.
     Ramon C. Cortines has served as a director since July 2000.  He was
 formerly the Chancellor of the New York City Public Schools from November of
 1993 to October of 1995 and Interim Superintendent of the Los Angeles Unified
 School District from November 1999 to June 2000.
     Reverend Floyd H. Flake has served as President of Edison Charter Schools
 since May 2000.  He has also served as the senior pastor of the more than
 12,000-member Allen African Methodist Episcopal Church in Jamaica, Queens
 since 1976.  From January 1986 to December 1997, Reverend Flake served as a
 member of the United States House of Representatives, representing the 6th
 district of New York.
     Jonathan Newcomb has served as the Chief Executive Officer and Chairman of
 the Board of Directors of Simon & Schuster, Inc., a publishing company, since
 1988.
     Benno C. Schmidt, Jr. has served as the Company's Chairman of the Board of
 Directors since March 1997, and the Company's Chief Executive Officer from
 1992 to June 1998.  Mr. Schmidt served as President of Yale University from
 1986 to 1992 and was the Dean of the Columbia University School of Law from
 1984 to 1986.
     William F. Weld has served as a director since October 1999.  Mr. Weld
 served as the Governor of the Commonwealth of Massachusetts from January 1991
 to July 1997. He has been a partner with the law firm of McDermott,
 Will & Emery since November 1997.
     John W. Childs has served as a director since November 1996.  He has
 served as President of J.W. Childs Associates L.P., a private investment firm,
 since June 1995.
     Charles J. Delaney has served as a director since July 1999.  Mr. Delaney
 is President of UBS Capital Americas, which is the manager for two funds
 established by USB AG to make private equity investments in the U.S. and Latin
 America.
     Jeffrey T. Leeds has served as a director since November 1996.  He has
 been a principal of Leeds Equity Management L.L.C., a private investment firm
 since November 1999.  He has also been a principal of Advance Capital
 Management L.L.C., a private investment firm, since October 1995.
     H. Christopher Whittle, the Company's founder, has served as President
 since March 1997 and Chief Executive Officer since July 1998.  He has served
 as a director since 1992, and was the Company's Chairman of the Board from
 1992 until March 1995.  From 1986 to 1994, Mr. Whittle was Chairman and Chief
 Executive Officer of Whittle Communications L.P., which developed magazines
 and other print publications as well as Channel One, an advertising-supported
 daily news and information television program for schools.
 
     Edison Schools currently manages 113 public schools with a total
 enrollment of approximately 57,000 students.  Through contracts with local
 school districts and public charter school boards, Edison assumes educational
 and operational responsibility for individual schools in return for per-pupil
 funding that is generally comparable to that spent on other public schools in
 the area.  Over the course of three years of intensive research, Edison's team
 of leading educators and scholars developed an innovative, research-based
 curriculum and school design.  Edison opened its first four schools in August
 1995, and has grown rapidly in every subsequent year.
 
     Except for the historical information contained in this announcement, the
 matters discussed are forward looking statements (as that term is used in the
 Private Securities Litigation Reform Act of 1995) that involve risks and
 uncertainties, including risks detailed from time to time in Edison's filings
 with the Securities and Exchange Commission.  In particular, Edison calls to
 the reader's attention the risk factors described in its Quarterly Report on
 Form 10-Q dated November 14, 2000 under the heading Additional Risk Factors
 That May Affect Future Results.  Any such forward-looking statements speak
 only as of the date such statements are made, and Edison undertakes no
 obligations to publicly release the results of any revision to these
 forward-looking statements or otherwise update or supplement this announcement
 or risk factors contained herein.
 
 SOURCE  Edison Schools