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Penn Foster hires new CEO, plans to open Boston office

By Chris Reidy

 |  Globe Staff  

  April 12, 2012

Penn Foster, an online education company, has appointed Frank F. Britt as its new chief executive and added that it plans to open a Boston office. Last month, Penn Foster’s parent company, Framingham-based Princeton Review Inc., said it was selling its test preparation business for $33 million in cash to an affiliate of Boston-based private equity firm Charlesbank Capital Partners. Britt was previously an executive-in-residence at Bain Capital Ventures.

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