Scantron Appoints Shaun Nugent As Chief Financial Officer

EAGAN, Minn., July 14, 2020 /PRNewswire/ -- Scantron Corporation, a global, technology and services driven company whose experts provide comprehensive assessment and technology solutions, announced the addition of Shaun Nugent as the company's Chief Financial Officer (CFO). Shaun will lead Scantron's new finance and accounting functions that had been provided to the company by its previous owner. Scantron was acquired by Transom Capital Group late last year.

Shaun is an accomplished finance executive and business leader with extensive experience financially managing businesses in all stages of growth in a variety of industries. He has more than 25 years of experience in senior executive leadership and has led accounting, finance, M&A, IT, digital transformation, and business process re-engineering at numerous, successful firms.

"Shaun's previous experience, technical expertise, business acumen, and collaborative leadership style will be invaluable to Scantron," said Kevin Brueggeman, CEO, Scantron. "With his expertise across the business spectrum, in private-equity ownership environments, building finance and accounting functions, and mergers and acquisitions, we look forward to Shaun's contributions in helping to drive Scantron forward. We have been active in mergers and acquisitions over the past several years, having completed four transactions, and we intend to continue on that path as we also grow organically."

Prior to joining Scantron, Shaun served as the CEO and CFO of several major private and public companies, including Sun Country Airlines, Life Time Fitness, AllOver Media, and Champps Entertainment. In these positions, he raised and deployed more than $1B of capital through public and private equity, senior and subordinated debt, and creative asset leases; and was named 'CFO of the Year' in 2014 by Twin Cities Business in recognition of his many accomplishments.

"I am extremely excited to join the Scantron team at this time," said Shaun Nugent. "Because right now, Scantron is evolving who it is, both in Assessment and Technology. The team is world-class, and I believe we will be able to strategically and opportunistically grow the business to build greater tangible value."

About Scantron Corporation

Scantron Corporation is a global, diversified company that empowers growth through intelligent, mission-critical assessment and technology for business, education, certification, and government clients around the world. Each year, the company develops and delivers millions of digital education assessments and certification tests, provides managed technology support for several hundred thousand IT endpoints and devices, manages nearly a billion copied pages, prints & delivers hundreds of millions of high-precision, scannable answer sheets, and supports leading educational institutions, certifying bodies, small to large businesses, and government agencies across the globe. Scantron is headquartered in the Twin Cities of Minnesota, with other locations in the Research Triangle of North Carolina; Omaha, Nebraska; and Columbia, Pennsylvania. For more information visit www.scantron.com.

SOURCE Scantron Corporation