SCOTTSDALE, Ariz. (AP) — The chairman of Universal Technical Institute, John White, plans to retire from the post in December.
Universal Technical Institute is a provider of post-secondary education services for people looking for careers as professional automotive, diesel, collision repair, motorcycle and marine technicians.
The company said Friday that White's resignation from the chairman role is effective Dec. 9. He has served in the position since 2005. White is 65 and will continue to serve as a board member.
White acquired Motorcycle Mechanics Institute in 1977, which later merged with Universal Technical Institute in 1997. White became chief strategic planning officer for the Scottsdale, Ariz., company.
Universal Technical Institute Inc. said that it is currently looking for a successor and will name one in the near future.
UTI shares finished at $11.61 on Thursday. They have traded in a 52-week range of $8 to $13.90.