SCHAUMBURG, Ill.--(BUSINESS WIRE)--
Career Education Corporation (NASDAQ: CECO) today expressed its most
sincere condolences to the family of former board member David W.
Devonshire, who died Thursday, June 25 at the age of 70. Mr. Devonshire
resigned from the Board of Directors in May, citing health concerns. He
served on the company’s board beginning in March 2008 and was Chairman
of the Board from May 2013 until June 2014.
“Dave’s financial expertise, in particular, was invaluable as we began
the transformation of our company and its education institutions for a
brighter future,” said Ron McCray, Chairman of the Board and Interim
President and CEO. “On behalf of everyone at Career Education, I wish to
share my deepest condolences with Dave’s family. He was a man of
principle and we miss him greatly.”
Mr. Devonshire served as Executive Vice President and Chief Financial
Officer of Motorola, Inc., from March 2002 through his retirement in
March 2007. From December 1998 until joining Motorola, Mr. Devonshire
was Executive Vice President and Chief Financial Officer of
Ingersoll-Rand Company, a global diversified industrial firm. From July
1993 until joining Ingersoll-Rand, he served as Senior Vice President
and Chief Financial Officer of Owens Corning, a global producer of
residential and commercial building materials.
Over his lifetime, he served on many civic and company boards including
the Toledo Zoo, Shedd Aquarium, United Way, Roper Industries, Meritor,
Career Education, and Arbitron. In 2006, Treasury and Risk Magazine
named Mr. Devonshire one of the top 100 financial executives.
Institutional Investor magazine voted him one of the best Chief
Financial Officers in 2005, 2006, and 2007 for his work at Motorola.
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/20150629005865/en/
Investors:
Alpha IR Group
Sam Gibbons or Chris Hodges
312-445-2870
[email protected]
or
Media:
Career
Education Corporation
Mark Spencer
Director, Corporate
Communications
847-585-3802
Source: Career Education Corporation