Scholarship America Names Richard S. Greene Chief Financial Officer

MINNEAPOLIS and ST. PAUL, Minn., June 3, 2013 /PRNewswire-USNewswire/ -- Scholarship America, Inc., the nation's largest nonprofit scholarship and education support organization, today announced that Richard S. (Rick) Greene has joined the organization as Chief Financial Officer.

Greene was most recently Chief Financial Officer for APR Energy PLC, and brings more than 20 years of strategic financial expertise to Scholarship America. In this new role, he will have primary day-to-day responsibility for planning, implementing, managing and controlling all financial-related activities of the organization. He will oversee the organization's financial control function, manage the annual independent audit process, and work closely with the CEO, Board of Trustees and Executive Team to formulate the future financial and operational strategies for the organization and establishing and monitoring annual financial goals and objectives.

"Rick has extensive financial leadership experience, including planning and analysis, investments and banking, and staff development.  His expertise will be invaluable to us as we continue to grow our programs to assure that more students succeed in their education beyond high school," said Lauren Segal, president & CEO, Scholarship America. "In addition, Rick's passion for education and youth development is reflected in his volunteer work with area nonprofits.  I am very pleased that we have attracted a seasoned CFO who also has heart for our mission."

As CFO for APR Energy, Greene was responsible for all finance, accounting, external reporting, treasury, investor relations, tax and risk management activities for the $260 million organization. His strategic and financial leadership resulted in significant revenue growth for the organization.

"I am excited to bring my twenty-plus years of finance leadership experience to a growing organization where the focus is helping our youth with the pursuit of education," said Greene. "Scholarship America's mission aligns with my passion for education, which I believe is a critical cornerstone for the continued advancement of our economy.  I am excited to parlay my skill sets and experience from the for-profit world to accelerate Scholarship America's mission in the not-for-profit arena."

Prior to his position at APR Energy, Greene held CFO positions at Deluxe Corporation  and TYCO International/Covalence Specialty Materials Corp., where he achieved significant operational efficiencies and margin improvement; developed robust finance, pricing and forecasting processes to improve performance; and established a risk management governance framework and assessment process.

Greene, who is proficient in Spanish and French, has been a board member with numerous Twin Cities nonprofit organizations including The Sanneh Foundation, where he currently serves at Treasurer and a member of the finance committee, the Minnesota Literacy Council, Deluxe Corp. Foundation and the W.R. Hotchkiss Foundation.

Greene holds a B.A. in international management and Spanish from Claremont McKenna College in Claremont, Calif., and an MBA from UCLA's Anderson School, where he focused on finance and strategic studies.

About Scholarship America^®
Scholarship America mobilizes support for students getting into and graduating from college. Since 1958, Scholarship America has distributed $3 billion in scholarship assistance to 2 million students, funding both entry-level and multi-year scholarships and emergency financial grants. More information is available at scholarshipamerica.org or follow @scholamerica.

SOURCE Scholarship America