SCHAUMBURG, Ill.--(BUSINESS WIRE)--
Career Education Corporation (NASDAQ: CECO), a provider of postsecondary
education programs, today announced that A.J. Cederoth, Senior Vice
President and Chief Financial Officer, will be leaving the Company to
pursue other opportunities. Mr. Cederoth’s departure is not the result
of any dispute or disagreement with the Company, or any matter relating
to the Company’s accounting practices or financial statements. Mr.
Cederoth’s employment with the Company is expected to continue through
September 30, 2017.
The Company intends to undertake a search for a new Chief Financial
Officer and will be considering both internal and external candidates.
Ashish Ghia, Vice President Finance, has been appointed as Interim Chief
Financial Officer, effective September 21, 2017.
“On behalf of our entire organization, I would like to thank A.J. for
his contributions to the Company and wish him success in his future
endeavors,” said Todd Nelson, President and Chief Executive Officer. “I
am also pleased to welcome Ashish Ghia to the Chief Financial Officer
role on an interim basis. Ashish has been an invaluable member of our
finance team for nearly a decade, and his deep knowledge of our industry
and operations makes him well-suited for this leadership role.”
Ashish Ghia joined Career Education in June 2008 and has served in
various financial planning and analysis roles of increasing
responsibility, most recently as Vice President Finance since February
2016. Prior to joining the Company, he was a Business Finance Manager
with Sears Holdings Corporation from 2006 to 2008, and also held
associate positions with PricewaterhouseCoopers LLP and Ernst & Young.
Mr. Ghia holds a Bachelor of Commerce degree in financial accounting and
audit from the University of Mumbai and a Master of Business
Administration from Georgia State University and is a certified public
accountant.
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 blended 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. 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/20170921005632/en/
Investors:
Alpha IR Group
Chris Hodges or Sam Gibbons
(312)
445-2870
[email protected]
or
Media:
Career
Education Corporation
(847) 585-2600
[email protected]
Source: Career Education Corporation