Career Education Corporation Announces Departure of Chief Financial Officer
September 21 2017 - 9:00AM
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.
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version on businesswire.com: http://www.businesswire.com/news/home/20170921005632/en/
Investors:Alpha IR GroupChris Hodges or Sam Gibbons(312)
445-2870CECO@alpha-ir.comorMedia:Career Education
Corporation(847) 585-2600media@careered.com
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