Career Education Names Veteran Educator and Business Leader Scott Steffey as President & CEO

Former Strayer Chief Operating Officer and SUNY Vice Chancellor also Nominated to CEC Board

SCHAUMBURG, Ill.–(BUSINESS WIRE)– Career Education Corporation (CEC) (NAS: CECO) , a global provider of postsecondary education programs and services, today named Scott Steffey – former Chief Operating Officer of Strayer Education, Inc., and Vice Chancellor of the State University of New York (SUNY) – as its President and Chief Executive Officer. Steffey, whose appointment is effective immediately, will also be nominated to stand for election to the Career Education Board of Directors at the upcoming Annual Meeting of Stockholders.

“Scott’s unique mix of education, business and investment experience match up well with the key drivers of our business,” said Steven H. Lesnik, Chairman of the Board of Career Education. “This is a great alignment of skills and experience. As we put our sector’s headwinds behind us, I am optimistic that Scott and our strong leadership team together will carry us through our transformation.”

Steffey’s career includes leadership roles spanning the education spectrum as well as senior posts at both publicly- and privately-held businesses. Most notably, he served as Executive Vice President & Chief Operating Officer (COO) of Strayer Education, Inc., and Chairman of the Board of Trustees of Strayer University. In his role as COO, Steffey was a hands-on force in driving operational excellence and efficiency, academic integrity and accountability, innovative online learning and prudent enrollment growth.

As Vice Chancellor of the SUNY – at the time the largest non-profit, unified system of postsecondary education in the United States – Steffey was the senior operating officer for much of his tenure at SUNY – comprised of 64 degree-granting campuses, with 400,000 students, several vocational centers, and 75,000 faculty and administrators. He helped lead a transformation of the SUNY system, resulting in greater academic quality and achievement at its campuses, significant enrollment growth, revenue growth, expense containment, and a large capital re-investment in its campus infrastructure.

Most recently, Steffey was Founder and President of Symposium Ventures, a private equity firm serving private sector and nonprofit education institutions.

While at SUNY, Steffey also founded the Charter Schools Institute, a nationally recognized incubator of K-12 schools dedicated to enhancing education opportunities for economically disadvantaged students. Steffey was previously an executive with New Mountain Capital, a private equity firm serving the private postsecondary industry, and at NYNEX (now …read more

Source: FULL ARTICLE at DailyFinance