Career Education Corporation (NASDAQ:CECO) announced today that Greg L.
Jackson, Investment Partner and Co-Head of the Investment Committee for
Blum Capital Partners L.P, was elected to the board of directors of the
company effective November 17, 2008.
“We look forward to the valuable contribution Greg will make as a member
of our Board of Directors, especially given his extensive background in
analyzing and investing in the education industry,” said Steve Lesnik,
chairman of the board.
Greg L. Jackson joined Blum Capital in 2003 as a Partner and is Co-Head
of Blum Capital’s Investment Committee. He currently serves as a
director for AxisPointe, Inc. and Veracity Payment Solutions, Inc. In
addition to his responsibilities for sourcing new investment
opportunities and co-managing the investment portfolios, Mr. Jackson
also oversees the investment research process. Prior to joining Blum
Capital, Mr. Jackson spent six years at Harris Associates LP where he
was the Co-Portfolio Manager of the Oakmark Global Fund (which received
a Morningstar five star rating during his tenure) from its inception in
August of 1999 through October of 2003. In addition, Mr. Jackson was a
Partner at Harris Associates LP and an Investment Analyst of domestic
equities.
About Career Education Corporation
The colleges, schools, and universities that are part of the Career
Education Corporation (CEC) family offer high quality education to a
diverse population of approximately 90,000 students across the world in
a variety of career-oriented disciplines. The more than 75 campuses that
serve these students are located throughout the U.S. and in France,
Italy, and the United Kingdom, and offer doctoral, master's, bachelor's,
and associate degrees and diploma and certificate programs.
Approximately one-third of its students attend the web-based virtual
campuses of American InterContinental University Online and Colorado
Technical University Online.
CEC is an industry leader whose gold-standard brands are recognized
globally. Those brands include, among others, the Le Cordon Bleu Schools
North America; Harrington College of Design; Brooks Institute;
International Academy of Design and Technology; American
InterContinental University; Colorado Technical University and
Sanford-Brown Institutes and Colleges. Through its schools, CEC is
committed to providing quality education, enabling students to graduate
and pursue rewarding careers.
For more information, see the company’s website at www.careered.com.
The company's website includes a detailed listing of individual campus
locations and web links to its more than 75 colleges, schools, and
universities.
Career Education Corporation
Media:
Jeff Leshay
847-585-2005
or
Investors:
John
Springer
847-585-3899
www.careered.com
