Career Education Expresses Condolences upon Death of Former Board Chairman David W. Devonshire
June 29 2015 - 10:45AM
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20150629005865/en/
Investors:Alpha IR GroupSam Gibbons or Chris
Hodges312-445-2870CECO@alpha-ir.comorMedia:Career Education
CorporationMark SpencerDirector, Corporate
Communications847-585-3802
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