Ambow Education Holding Ltd. announced the appointment of Mr. Kevin Derrivan, a seasoned finance executive, as its regional chief financial officer ("CFO") for its U.S. operations. In this position, Mr. Derrivan will be the architect of Ambow's U.S. shared service center ("center") for Ambow's U.S. member institutions and other small colleges. The center will leverage Ambow's patent technologies to provide them a series of support functions including information technology, accounting & finance and human resources to further reduce their operating and teaching costs, as well as improve operating efficiency and student's satisfaction. Mr. Derrivan has a long and distinguished career in finance and operations, with a strong focus in higher education over the past decade. Drawing on more than 25 years' finance and accounting experience, Mr. Derrivan has specific expertise in strategic planning, budgeting & forecasting, financial reporting, and system implementation. Prior to joining Ambow in 2020, Mr. Derrivan held the position of Chief Financial Officer and Chief Operating Officer at Sattler College.