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Ron McCray Joins Career Education Corporation Board of Directors

  Ron McCray Joins Career Education Corporation Board of Directors

Business Wire

SCHAUMBURG, Ill. -- November 13, 2012

Career Education Corporation (CEC) (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.

Ron McCray was today elected to the Board of Directors for Schaumburg,
Ill.-based, Career Education ...

Ron McCray was today elected to the Board of Directors for Schaumburg,
Ill.-based, Career Education Corporation. 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.
(Photo: Business Wire)

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.

After graduating from Cornell University, McCray attended Harvard Law School,
where he served as the editor and business manager of the Harvard Civil
Rights/Civil Liberties Law Review.

He brings to eight the number of members currently serving on the Career
Education Corporation Board of Directors.

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 student
population of more than 80,000 students across the world in a variety of
career-oriented disciplines through online, on-ground and hybrid learning
program offerings. The more than 90 campuses that serve these students are
located throughout the United States and in France, the United Kingdom and
Monaco, and offer doctoral, master’s, bachelor’s and associate degrees and
diploma and certificate programs.

CEC is an industry leader whose institutions are recognized globally. Those
institutions include, among others, American InterContinental University
(“AIU”); Brooks Institute; Colorado Technical University (“CTU”); Harrington
College of Design; INSEEC Group (“INSEEC”) Schools; International University
of Monaco (“IUM”); International Academy of Design & Technology (“IADT”); Le
Cordon Bleu North America (“LCB”); and Sanford-Brown Institutes and Colleges.
Through its schools, CEC is committed to providing high-quality education,
enabling students to graduate and pursue rewarding career opportunities.

For more information, see CEC's website at www.careered.com. The website
includes a detailed listing of individual campus locations and web links to
CEC's colleges, schools, and universities.

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Contact:

Career Education Corporation
Mark Spencer
847.585.3802
mdspencer@careered.com
 
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