Educational Testing Service

June 22, 2011 09:00 ET

Sandra Hernandez Named Vice President for Finance at ETS

PRINCETON, NJ--(Marketwire - Jun 22, 2011) - ETS President and CEO Kurt Landgraf today announced the appointment of Sandra Hernandez, Executive Director of Finance for College Board Programs at ETS, as the company's new Vice President for Finance. The appointment, approved by the Board of Trustees last Friday, is effective July 2.

Hernandez will assume Jack Hayon's former role which he vacated when he took over as Senior Vice President & Chief Financial Officer, effective May 1st. As VP of Finance, Hernandez will lead the financial operating, capital budgeting, forecasting and reporting processes across ETS, reporting to Hayon. She will provide Hayon and Landgraf with insights and analyses on financial issues that can affect operations and growth, business planning, and long-term strategy.

"In her nine years at ETS, Sandra has proved to be an exceptional financial-management executive," says Landgraf. "She has led the financial aspects of our work for the College Board, and she is ideally equipped to expand her responsibilities to all of our clients."

"I knew when I joined ETS that it is an organization that rewards results," says Hernandez. "I look forward to helping the company achieve our long-term financial goals on behalf of students and teachers throughout the world."

Hernandez, who earned BA and MBA degrees from Pace University, brings more than 20 years of executive-level experience in corporate finance to her new role. She began her career at Marsh Inc., a $5 billion subsidiary of the global business consultancy Marsh and McLennan Companies. She held several senior financial management and planning roles and rose to become a Managing Director of Marsh, Inc.

Hernandez came to ETS in 2002 as Executive Director of Finance for the former School & College Services Division. She managed all financial aspects of a number of smaller ETS programs and ETS's College Board activities.

Since 2005, she has served as the Executive Director of Finance for College Board Programs, which generate more than a quarter of a billion dollars in annual revenue for ETS. She has presented many successful cost proposals for new work, including AP Course and Exam Review and Internet-based testing for the AP Chinese and Japanese tests, and participated in various process improvement and cost reduction efforts for College Board programs.

"This is an excellent and well-deserved appointment," says Hayon. "I'm looking forward to working with Sandy not only on our day-to-day financial issues, but on achieving ETS's long-term strategic priorities across our lines of business in the United States and around the world."

About ETS
At nonprofit ETS, we advance quality and equity in education for people worldwide by creating assessments based on rigorous research. ETS serves individuals, educational institutions and government agencies by providing customized solutions for teacher certification, English language learning, and elementary, secondary and post-secondary education, as well as conducting education research, analysis and policy studies. Founded in 1947, ETS develops, administers and scores more than 50 million tests annually -- including the TOEFL® and TOEIC® tests, the GRE® test and The Praxis Series™ assessments -- in more than 180 countries, at over 9,000 locations worldwide.

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