Career Education Corporation Names Leslie T. Thornton to Board of Directors; Former Chief of Staff to U.S. Secretary of Education Adds Depth in Regulatory and Education Policy to Company's Board.HOFFMAN ESTATES Hoffman Estates A village of northeast Illinois, a suburb of Chicago. Population: 49,700. , Ill. -- Career Education Corporation (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on :CECO CECO Council of Engineering Companies of Oregon CECO Cost Estimate Change Order CECO Center for Economic and Community Outreach CECO CENTCOM Engineer Contingency Organization CECO Concrete Engineering Company of Omaha (Ceco Concrete Construction LLC) ) today announced the appointment of Leslie T. Thornton, former Chief of Staff to U.S. Secretary of Education Richard W. Riley, to its board of directors, effective immediately. Ms. Thornton, an attorney, brings significant expertise in the areas of educational, federal government, and regulatory affairs Regulatory Affairs (RA), also called Government Affairs, is a profession within regulated industries, such as pharmaceuticals, medical devices, energy, and banking. Regulatory Affairs professionals usually have responsibility for the following general areas: "Leslie's extensive work with the U.S. Department of Education and her founding of the Institute for Educational Equity and Opportunity and the Capitol Education Fund, evidence her commitment to improving education access and opportunity in our country," said John Larson John B. Larson (born July 22 1948), American politician, has been a Democratic member of the United States House of Representatives since 1999, representing Connecticut's At-large congressional district (map). , Career Education Corporation's chairman and chief executive officer. "Her broad legal and professional experience and deep knowledge of the education sector will be a tremendous asset as Career Education continues its leadership role in the changing landscape of our post-secondary educational system." "Our success in attracting a director of Leslie's caliber demonstrates the seriousness with which Career Education's board of directors has worked to fulfill its promise to shareholders, made at last year's annual meeting, to attract two new, high-quality independent directors to our board," said Tom Lally, chairman of Career Education Corporation's Nominating and Governance Committee. "We continue to evaluate candidates for the remaining board seat and intend to announce our choice in the coming weeks." During her more than 20-year career, Ms. Thornton has worked hard to improve educational opportunities for our nation's youth, particularly in the African-American community, through her legal and political work, and through her writing. Ms. Thornton's accomplishments include helping to increase educational equity and opportunity for disadvantaged elementary, secondary and post-secondary students, helping to protect opportunities for minorities in higher education higher education Study beyond the level of secondary education. Institutions of higher education include not only colleges and universities but also professional schools in such fields as law, theology, medicine, business, music, and art. , supporting access to higher education through the passage and implementation of the multi-billion dollar Gear-Up program, and establishing the permanent partnership between the DOE and the U.S. Secret Service to help prevent violence in schools. She has written many articles addressing the importance of educational access and opportunity, and authored an amicus brief on behalf of 60 members of Congress in the University of Michigan (body, education) University of Michigan - A large cosmopolitan university in the Midwest USA. Over 50000 students are enrolled at the University of Michigan's three campuses. The students come from 50 states and over 100 foreign countries. affirmative action affirmative action, in the United States, programs to overcome the effects of past societal discrimination by allocating jobs and resources to members of specific groups, such as minorities and women. cases before the U.S. Supreme Court. "I have long believed in and worked to help ensure equal access and quality education in this country," said Ms. Thornton. "I believe Career Education serves a vital need by offering quality career-oriented education to those who might otherwise have no educational opportunity at all. In addition to my legal and ethics background, I look forward to bringing my years of experience in the education and regulatory sector to CEC (Central Electronic Complex) The set of hardware that defines a mainframe, which includes the CPU(s), memory, channels, controllers and power supplies included in the box. Some CECs, such as IBM's Multiprise 2000 and 3000, include data storage devices as well. and having a positive impact on its mission, direction and governance." Ms. Thornton, 47, is currently a partner with the multi-service law firm of Dickstein Shapiro Morin & Oshinsky, LLP LLP - Lower Layer Protocol in Washington D.C. She began her career as a trial attorney in the nationally-known Washington D.C. Public Defender's Office. During the nearly eight years with Secretary Riley at DOE, Ms. Thornton served as the liaison between the Secretary and the White House on policy, political, ethics, personnel and other matters, supervised the higher education administrative appeals process for the Secretary, and helped the Secretary implement President Clinton's education initiatives, among other things. In addition to her work at the Department of Education, Ms. Thornton was deputy advisor for presidential debates in the Clinton-Gore '96 campaign and was Legal Counsel to the Clinton-Gore '92 Presidential Transition. Ms. Thornton holds a law degree from Georgetown University (1983) and an undergraduate degree from the University of Pennsylvania (body, education) University of Pennsylvania - The home of ENIAC and Machiavelli. http://upenn.edu/. Address: Philadelphia, PA, USA. (1980). About Career Education Corporation Career Education Corporation (www.careered.com) is one of the largest providers of private, for-profit, post secondary education and has a presence in both on-campus and online education. CEC's Colleges, Schools and Universities segment operates more than 80 campuses in the U.S., Canada, France, the United Kingdom, and the United Arab Emirates United Arab Emirates, federation of sheikhdoms (2005 est. pop. 2,563,000), c.30,000 sq mi (77,700 sq km), SE Arabia, on the Persian Gulf and the Gulf of Oman. and offers doctoral degree, master's degree, bachelor's degree, associate degree, and diploma programs in the career-oriented disciplines of business studies, visual communication and design technologies, health education, information technology, and culinary arts. The Online Education Group operates American InterContinental University American InterContinental University, commonly called AIU, is an international for-profit university owned by Career Education Corporation (stock symbol CECO). It was founded in 1977 as the American College of Applied Arts. Online and Colorado Technical University Colorado Technical University (CTU) is a system of proprietary for-profit colleges in the United States providing career training, accredited programs, and college degrees in a variety of areas. CTU grants bachelor's, master's and doctoral degrees. Online and offers a variety of degrees in information technology, business, visual communication, and education. CEC's total student population as of October 31, 2005, was approximately 107,300 students. Except for the historical and present factual information contained herein, the matters set forth in this release, including statements identified by words such as "anticipate," "believe," "plan," "expect," "intend," "project," "will," and similar expressions, are forward-looking statements within the meaning of the "safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. " provisions of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements are based on information currently available to us and are subject to various risks, uncertainties, and other factors, that could cause our actual growth, results of operations, performance and business prospects, and opportunities to differ materially from those expressed in, or implied by, these statements. Except as expressly required by federal securities laws, we undertake no obligation to update such factors or to publicly announce the results of any of the forward-looking statements contained herein to reflect future events, developments, or changed circumstances, or for any other reason. These risks and uncertainties, the outcome of which could materially and adversely affect our financial condition and operations, include, but are not limited to, the following: risks related to our ability to comply with, and the impact of changes in, legislation and regulations that affect our ability to participate in student financial aid programs; costs, risks and effects of legal and administrative proceedings and investigations and governmental regulations, including the pending Securities and Exchange Commission and Justice Department investigations and, class action, derivative, and other lawsuits; risks related to our ability to comply with accrediting agency requirements or obtain accrediting agency approvals; costs and difficulties related to the integration of acquired businesses; risks related to our ability to manage and continue growth; future financial and operational results; risks related to competition, general economic conditions, and other risk factors relating to our industry and business, and the factors discussed in our Annual Report on Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. for the year ended December 31, 2004, and from time to time in our other reports filed with the Securities and Exchange Commission. |
|
||||||||||||||||

Printer friendly
Cite/link
Email
Feedback
Reader Opinion