K12 restructures exec suite, launches new company

K12 Inc. is making moves as its CEO steps down to head another company that K12 is launching with an outside investor group. To bolster leadership at K12 headquarters, the company has also tapped two new executive vice presidents.

K12 CEO Ron Packard has stepped down from his position in order to head another company that K12 is launching in conjunction with an outside investor group led by Safanad Ltd.

K12 chairman Nate Davis will take on the role of CEO in Packard's stead.

The new company, to be headed by Packard, will focus on technology-based learning programs through management and expansion of several existing early stage businesses, the company said.

Back at home base, K12 also named two new vice presidents in an attempt to further its mission to serve the education needs of all students through innovate curriculum, new instructional programs and high quality digital learning programs.

Tim McEwan will serve as the company’s executive vice president, Curriculum, Product and Market Development, and Chuck Sullivan will serve as executive vice president, Chief Marketing & Enrollment Officer.

In his new role, McEwan will provide strategic direction and oversight on K12's product and curriculum development and institutional business operations. He joins the company from Archipelago Learning, where he served as CEO.

In his new role, Sullivan will oversee the company's integrated marketing strategy & demand generation, business line and field marketing, student enrollment, product management and market research teams. He joins K12 from CCS Advisory Services LLC, where he served both as its founder and principal.