Press Release

Ricardo D. Torres Named President Of The National Student Clearinghouse

HERNDON, VA, December 13, 2007 - Dr. Keith Jepsen, chairman of the National Student Clearinghouse board of directors, today announced the appointment of Ricardo D. Torres as the new president of the Clearinghouse, effective January 1, 2008. Torres succeeds Daniel R. Boehmer, who has served as the Clearinghouse's president since it was founded in 1993 and retires December 31, 2007. To assist with the transition, Boehmer will remain on retainer with the Clearinghouse for at least six months.

"We conducted a thorough six-month search during which we considered many highly qualified candidates," said Jepsen, "Rick was the unanimous vote of our search committee and enthusiastically elected by the Clearinghouse board."

Torres joins the Clearinghouse after a long and distinguished career in the private sector, both in the U.S. and abroad, including serving as COO at leading organizations such as BestPractices (a nationally-recognized provider of emergency medicine and physician practice management), PepsiCo, Philip Morris/Kraft Foods (now known as Altria Group), and Capital One. His diverse background includes positions in financial and strategic planning, marketing and sales, general management, and executive leadership. Torres has an MBA in International Finance from Georgetown University. He currently serves as treasurer and a board member of the John Tyler Community College Foundation and on the board of Cohesive Knowledge Solutions.

"Rick's combination of broad corporate and entrepreneurial experience with an increasing focus on mission-driven organizations makes him the right person at the right time for the Clearinghouse," concluded Jepsen.

"I'm very excited about joining the Clearinghouse and building on the excellent record of performance and trust that Dan Boehmer and his dedicated staff have developed with the higher education and student finance communities over the last 15 years," said Torres. "I look forward to working with its highly focused and committed management team and the members of the Clearinghouse board in support of our customers and our mission."

The Clearinghouse, a non-profit organization, is the leading provider of educational reporting, verification and research on behalf of its participating institutions. The Clearinghouse serves the nation's colleges and high schools, student lending community, federal government, state and other educational agencies, students and alumni, and thousands of employers and other organizations. More than 3,000 colleges and universities, enrolling more than 91% of U.S. college students, and hundreds of high school districts participate in the Clearinghouse. Additional information on the Clearinghouse is available at www.studentclearinghouse.org/about/aboutus.htm.

About The National Student Clearinghouse®

The National Student Clearinghouse (a non-profit formed in 1993) is the unique and trusted source for higher education enrollment and degree verifications. The Clearinghouse serves as a single point of contact for the collection and timely exchange of accurate and comprehensive enrollment, degree and certificate records on behalf of its more than 3,300 participating higher education institutions, which represent 96% of all students in public and private U.S. institutions. The Clearinghouse also provides thousands of high schools and districts with continuing collegiate enrollment, progression, and completion statistics on their alumni. 

Through its verification and reporting services, the Clearinghouse saves higher education institutions cumulatively nearly four hundred million dollars annually. Most Clearinghouse services are provided to colleges and universities at little or no charge, including enhanced transcript and research services, enabling institutions to redistribute limited staff and budget resources to more important student service efforts. All Clearinghouse services are operated in full compliance with the Family Educational Rights and Privacy Act (FERPA). 

In addition, the Clearinghouse provides accurate, FERPA compliant verifications to student loan providers, employers, student credit issuers, the U.S. Department of Education, and others who access its registry more than half a billion times annually.

 

For more information, visit www.studentclearinghouse.org.

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media@studentclearinghouse.org

For Help With or Questions About Any Clearinghouse Service, Contact:
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