Learning Care Group announces new CFO and Chief Growth Officer to drive expansion

Adam Schober, Chief Financial Officer, Learning Care Group (Photo: Business Wire)

Learning Care Group (LCG), the second-largest for-profit early education and child care provider in North America, has announced key leadership changes effective November 1, 2024. 

Adam Schober has been promoted to Chief Financial Officer (CFO), while Douglas R. Baker, the current CFO, will take on the newly created role of Chief Growth Officer (CGO). Both will report directly to Mark Bierley, LCG’s Chief Executive Officer.

Leadership changes to support growth strategy

In his new role as CFO, Schober will oversee the company’s finance and accounting functions, supporting growth across LCG’s schools and advancing financial processes to enhance capital allocation. Schober, who has been with LCG for 12 years, has held multiple finance roles, most recently as Senior Vice President, Finance & Treasurer.

Bierley praised Schober’s leadership, noting:

“Adam’s promotion to CFO represents a natural evolution for our company’s leadership. It’s a testament to the breadth of high-quality talent we have on our internal team, as well as the strength of our management succession process.

“LCG’s Board and executive team recognize the vital role Adam has played and will continue to play in our success, and we look forward to the energy, expertise and insights he will bring to his new role. During his tenure with LCG, Adam has consistently demonstrated exemplary leadership and has been instrumental in developing a team capable of supporting LCG’s capital allocation priorities and consistent operating performance.”

“LCG has a strong financial team in place, and I look forward to the opportunity to lead us into our next phase of growth,” Schober said. “Doug’s mentorship has been tremendously valuable and our partnership will help ensure a seamless transition.”

As Chief Growth Officer, Baker will focus on identifying new growth opportunities, overseeing technology integration, and coordinating real estate, mergers, and acquisitions. Since joining LCG in 2017, Baker has developed a finance team and managed scalable acquisitions and real estate expansion.  His tenure saw significant revenue and profit growth, even through the COVID-19 pandemic.

Baker expressed enthusiasm for his new role, adding, “Being part of LCG’s growth story has been extremely rewarding, and I am excited to build on our momentum. We have excellent opportunities in front of us, and I look forward to further enhancing our position in the industry.”