Career Education Names A.J. Cederoth as Senior Vice President and Chief Financial Officer
March 29 2016 - 9:00AM
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20160329005294/en/
Investors:Alpha IR GroupSam Gibbons or Chris Hodges(312)
445-2870CECO@alpha-ir.comorMedia:Career Education
Corporation(847) 585-2600media@careered.com
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