Career Education Names Experienced Education Industry Executive Todd Nelson as President & CEO
July 31 2015 - 8:05AM
Business Wire
Career Education Corporation (NASDAQ: CECO), a provider of
postsecondary education programs and services, today announced that
Todd Nelson has been selected to become its President and Chief
Executive Officer. Mr. Nelson is expected to join the Company on
August 12, 2015 and will also be appointed to the Career Education
Board of Directors.
“Todd has deep industry experience which will help continue and
enhance our focus on improving student outcomes as we drive our
University business forward,” said Ron McCray, Chairman and Interim
CEO of Career Education. “We look forward to his contributions to
the Company’s restructuring efforts aimed at supporting educational
excellence and accelerating our path to profitability and
sustainable growth, led by our adaptive learning technology.”
Mr. Nelson’s career includes leadership of several of the
largest education companies in the US. He served as Chief Executive
Officer and a director of Education Management Corporation, where
he ultimately served as Chairman of the Board. Prior to his service
at Education Management Corporation, Mr. Nelson held several roles
of increasing responsibility at the University of Phoenix and
Apollo Group Inc. (now known as Apollo Education Group, Inc.),
including serving as the Chairman, President and Chief Executive
Officer of Apollo. While under his leadership, both companies
experienced enrollment and financial growth, development and
implementation of new programs and acquisitions of additional
schools and programs.
Mr. Nelson said: “Career Education stands at an exciting
inflection point in the Company’s history. I look forward to
joining the experienced management team at Career Education and
working with them to improve student outcomes at both American
InterContinental University and Colorado Technical University. I am
very excited to lead the Company through its transformation given
its highly respected online University platform and well-formed
path to cash generation and profitability.”
Ron McCray, Chairman and Interim CEO, will maintain his role as
Chairman of the Board upon the relinquishment of his Interim CEO
responsibilities when Mr. Nelson’s employment with the Company
commences.
“Ron led the Company through its strategic decision to exit its
Career Colleges business, to right-size its corporate overhead and
to streamline its operations in order to focus its resources and
attention on its University business,” said Thomas Lally, Career
Education’s Lead Independent Director. “The Board appreciates Ron’s
service to the Company and thanks him for his efforts in creating a
path forward for the Company’s strategic transformation.”
About Career Education Corporation
Career Education’s academic institutions offer a high-quality
education to a diverse student population in a variety of
disciplines through online, on-ground and hybrid learning programs.
Our two universities – American InterContinental University (“AIU”)
and Colorado Technical University (“CTU”) – provide degree programs
through the master’s or doctoral level as well as associate and
bachelor’s levels. Both universities predominantly serve students
online with career-focused degree programs that meet the
educational demands of today’s busy adults. AIU and CTU continue to
show innovation in higher education, advancing new personalized
learning technologies like their intellipath™ adaptive learning
platform that allow students to more efficiently move toward
earning a degree by receiving course credit for knowledge they can
already demonstrate. Career Education is committed to providing
high-quality education that closes the gap between learners who
seek to advance their careers and employers needing a qualified
workforce.
A listing of individual campus locations and web links to Career
Education’s institutions can be found at www.careered.com.
View source
version on businesswire.com: http://www.businesswire.com/news/home/20150731005262/en/
Investors:Alpha IR GroupChris Hodges or Sam Gibbons,
312-445-2870CECO@alpha-ir.comorMedia:Career Education
Corporation847-585-2600media@careered.com
CECO Environmental (NASDAQ:CECO)
Historical Stock Chart
From Apr 2024 to May 2024
CECO Environmental (NASDAQ:CECO)
Historical Stock Chart
From May 2023 to May 2024