GP Strategies CEO Scott Greenberg leaves his post

  • Push-out Score determined
  • After around 15 years in the position
  • Praise and thanks for Greenberg
  • Adam Stedham taking over in the interim
  • Greenberg will remain as Chairman at GP Strategies

(exechange) — Columbia, Maryland, June 15, 2020 — Scott Greenberg, chief executive of GP Strategies, leaves his position. As announced by GP Strategies Corp. in a news release and in a regulatory filing published on Monday, June 15, 2020, Scott N. Greenberg has left his post as chief executive officer at the provider of learning services, technical training and organization and leadership development after around 15 years in the role, effective June 9, 2020.

It is the end of an era.

Scott Greenberg’s duties as CEO will be taken over in the interim by Adam H. Stedham, most recently President of GP Strategies Corp., as Interim Chief Executive Officer.

No reason given

In the announcement, GP Strategies did not explicitly explain the reason for Scott Greenberg’s move.

Greenberg will remain as Chairman at GP Strategies

“Scott N. Greenberg is stepping down from his role as CEO of the Company and will remain as Chairman of the Board of Directors and as a Senior Advisor to the Company,” GP Strategies said.

Share price decline

The announcement follows a decline in GP Strategies Corp.’s share price of 68% since June 2017.

In the position of CEO since 2005

Scott Greenberg became CEO of the Company in 2005.

Greenberg has been Chief Executive Officer of the Company since April 2005 and was appointed Chairman of the Board in August 2018.

He was President of the Company from 2001 until 2006, Chief Financial Officer from 1989 until 2005, Executive Vice President from 1998 to 2001, Vice President from 1985 to 1998, and held various other positions since joining the Company in 1981.

Greenberg was also a Director of Wright Investors’ Service Holdings Inc., formerly National Patent Development Corporation (“NPDC”), from 2004 to 2015.

Push-out Score determined

The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.

exechange reached out to GP Strategies and offered the company the opportunity to comment on the score.

Read the full story in the exechange report 25.2020 ($).