Market Overview

Ron McCray Joins Career Education Corporation Board of Directors

Career Education Corporation (NASDAQ: CECO), a global provider of postsecondary education programs and services, announced that Ron McCray was today elected to the company's Board of Directors.

A private investor and corporate director, McCray serves on the governing boards of Harvard Law School, Southern Methodist University's Dedman School of Law and Cornell University, where he co-chairs the Finance Committee. He also serves on the governing boards of newspaper publisher A. H. Belo, where he is the chairman of the compensation committee, and ROI Acquisition, where he is chairman of the Nominating and Governance Committee.

In 2011, President Barack Obama nominated McCray and the U.S. Senate confirmed him to be a member of the Federal Retirement Thrift Investment Board. He previously served on the board of directors of newspaper publisher Knight Ridder, Inc. and Kimberly-Clark de Mexico S.A. de CV. He is also a member of the Council on Foreign Relations and a minority owner of the Boston Celtics NBA franchise.

“Ron brings a wide range of experience to our board of directors, from traditional higher education to private sector companies to government and the law,” Chairman, President and CEO Steven H. Lesnik said. “Our entire board is looking forward to the insights he will bring to our company as we execute our new strategy for the future of Career Education.”

McCray previously served as the Chief Administrative Officer of Nike, Inc., with responsibility for strategic leadership and for oversight of various businesses and administrative functions. Prior to joining Nike, he served as chief legal officer of manufacturer Kimberly-Clark Corporation, with global responsibility for strategic leadership as well as legal, internal audit, compliance and other administrative functions. He practiced corporate, securities and finance law at Weil, Gotshal & Manges and Jones Day.

Posted-In: News Management

 

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