SCHAUMBURG, Ill.--(BUSINESS WIRE)--
Career Education Corporation (NASDAQ: CECO), a provider of postsecondary
education programs and services, today announced that board member Ron
McCray was elected Chairman by the company’s Board of Directors. McCray
replaces David Devonshire, who remains a member of the Board of
Directors, but who did not seek another term as Chairman so he could
better attend to personal matters.
“Career Education has made tremendous progress over the past year with
Scott Steffey as president and CEO. I’m looking forward to working
closely with him and supporting him as we continue moving the company
forward,” McCray said.
Steffey added, “I’ve had an excellent working relationship with David,
as well as with Ron. This transition will be smooth and Ron and I will
continue our strong working relationship on meaningful objectives that
advance Career Education’s academic and financial objectives, with
student success at the core of our company’s success.”
Ron McCray has been a director of CEC since November 2012. A private
investor and corporate director, McCray serves on the governing boards
of Harvard Law School, Southern Methodist University’s Dedman School of
Law and Cornell University, where he serves on the presidential search
committee, the executive committee and the finance committee. He also
serves on the governing boards of newspaper publisher A. H. Belo, where
he is the chairman of the compensation committee, a member of the audit
committee and finance committee, and EveryWare Global, Inc., where he
serves on the audit committee.
In 2011, President Barack Obama nominated McCray and the U.S. Senate
confirmed him to be a member of the Federal Retirement Thrift Investment
Board. He previously served on the board of directors of newspaper
publisher Knight Ridder, Inc. and Kimberly-Clark de Mexico S.A. de CV.
He is also a member of the Council on Foreign Relations and a minority
owner of the Boston Celtics NBA franchise.
McCray previously served as the Chief Administrative Officer of Nike,
Inc., with responsibility for strategic leadership and for oversight of
various businesses and administrative functions. Prior to joining Nike,
he served as chief legal officer of manufacturer Kimberly-Clark
Corporation, with global responsibility for strategic leadership as well
as legal, internal audit, compliance and other administrative functions.
He practiced corporate, securities and finance law at Weil, Gotshal &
Manges and Jones Day. After graduating from Cornell University, McCray
attended Harvard Law School, where he served as the editor and business
manager of the Harvard Civil Rights/Civil Liberties Law Review.
About Career Education Corporation
The colleges, institutions and universities that are part of the Career
Education Corporation (“CEC”) family offer high-quality education to a
diverse student population in a variety of career-oriented disciplines
through online, on-ground and hybrid learning program offerings. In
addition to its online offerings, Career Education serves students from
campuses throughout the United States offering programs that lead to
doctoral, master’s, bachelor’s and associate degrees, as well as to
diplomas and certificates.
CEC’s institutions include both universities that provide degree
programs through the master or doctoral level and colleges that provide
programs through the associate or bachelor level. The University group
includes American InterContinental University (“AIU”) and Colorado
Technical University (“CTU”) – predominantly serving students online
with career-focused degree programs that meet the educational demands of
today’s busy adults. The Career Schools group offers career-centered
education primarily through ground-based campuses and includes
Briarcliffe College, Brooks Institute, Harrington College of Design, Le
Cordon Bleu North America (“LCB”), Missouri College and Sanford-Brown
Institutes and Colleges (“SBI” and “SBC,” respectively). Through its
colleges, institutions and universities, CEC is committed to providing
high-quality education, enabling students to graduate and pursue
rewarding career opportunities.
A detailed listing of individual campus locations and web links to
Career Education’s colleges, institutions and universities can be found
at www.careered.com.
Career Education Corporation
Mark Spencer
847.585.3802
[email protected]
Source: Career Education Corporation