KinderCare Learning Companies announced that as of June 1, 2024, Paul Thompson, the company's current President, will become CEO, succeeding current CEO and Chairman of the Board, Tom Wyatt. Wyatt will remain Chairman of the Board. Since joining KinderCare as CEO in 2012, Wyatt guided the company's transformational turnaround.

He led the company's executive team in achieving the highest standards of excellence in education, with more accredited centers than any of the other major early childhood education providers. His focus on a cultural transformation has been marked by record-high levels of employee and customer engagement, earning KinderCare the Gallup Great Workplace Award for the past seven years. Thompson joined KinderCare in 2015 as Chief Financial Officer and has held additional leadership roles including Chief Administrative Officer and Chief Operating Officer.

In 2021 he was promoted to President, overseeing strategy, center operations, new center growth, IT, marketing and communications and all of the company's brands.