SCHAUMBURG, Ill.--(BUSINESS WIRE)--
Career Education Corporation (NASDAQ: CECO), a provider of postsecondary
education programs and services, today announced the appointment of
experienced financial leader Andrew J. (A.J.) Cederoth as Senior Vice
President and Chief Financial Officer, effective April 1, 2016. Mr.
Cederoth will replace David A. Rawden of AlixPartners, who has been
serving as Interim Chief Financial Officer of the Company since April 1,
2015. Mr. Rawden will remain at Career Education as a consultant for a
brief transition period in order to ensure a smooth onboarding process
for Mr. Cederoth.
“We are extremely pleased to welcome A.J. Cederoth to Career Education,”
said President and Chief Executive Officer Todd Nelson. "A.J.’s broad
experience in financial management spans roles at both private and
publicly-traded companies across a number of industries, most recently
within more technology- and service-focused businesses. His background
represents an excellent addition to our executive leadership team as we
continue moving Career Education forward, and we look forward to his
contributions. We would also like to extend our thanks to David Rawden
for his assistance in successfully executing our strategic plan and cost
control initiatives during his tenure as Interim Chief Financial
Officer, and we wish him well in his future endeavors.”
Mr. Cederoth joins Career Education from Innova UEV, an electric car
sharing company based in Burr Ridge, Illinois, where he served as Chief
Financial Officer and Vice President of New Business Development. Prior
to joining Innova, he served as Chief Financial Officer at Clover
Technologies Group, a leading provider of electronic asset lifecycle
management and environmental solutions. He began his career in finance
in 1990 at Navistar International Corporation, a Fortune 500
manufacturer of commercial and defense vehicles and engines. While at
Navistar, Mr. Cederoth occupied various financial roles of increasing
responsibility, culminating with his tenure as Executive Vice President
and Chief Financial Officer from 2009 to 2013. Mr. Cederoth holds a
Bachelor of Arts degree in economics from the University of Illinois and
an MBA from DePaul University.
ABOUT CAREER EDUCATION CORPORATION
Career Education’s academic institutions offer a quality education to a
diverse student population in a variety of disciplines through online,
campus-based 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 are designed to 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 pursue earning a degree by receiving course credit for
knowledge they can already demonstrate. Career Education is committed to
providing 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/20160329005294/en/
Investors:
Alpha IR Group
Sam Gibbons or Chris Hodges
(312)
445-2870
[email protected]
or
Media:
Career
Education Corporation
(847) 585-2600
[email protected]
Source: Career Education Corporation