Louis Caldera Joins Career Education Corporation Board of Directors

  Louis Caldera Joins Career Education Corporation Board of Directors

Business Wire

SCHAUMBURG, Ill. -- March 19, 2013

Career Education Corporation (CEC) (NASDAQ: CECO), a global provider of
postsecondary education programs and services, announced that Louis Caldera
was today appointed to the company’s Board of Directors.

Louis Caldera, former President of the University of New Mexico and Secretary
of the Army, was appoi ...

Louis Caldera, former President of the University of New Mexico and Secretary
of the Army, was appointed to the Career Education Corporation Board of
Directors. (Photo: Business Wire)

Caldera brings a mix of law and policy, higher education, military, business
and management experience to the Career Education Board of Directors. Caldera
has served in both the Clinton and Obama administrations, as well as on
several nonprofit and public company boards of directors. A graduate of the
U.S. Military Academy at West Point, he also holds both a law degree and a
Master’s of Business Administration from Harvard University.

As President of the University of New Mexico from 2003 to 2006, Caldera
oversaw an increase in research and scholarship funding while leading a
significant expansion and modernization of university facilities. He increased
focus on bolstering the university’s academic reputation, including
development of new programs in entrepreneurship, nanotechnology and biomedical
engineering.

Serving as Secretary of the Army from 1999 to 2001, Caldera was known for
advocating investment in the youngest members of the Army, including improving
their opportunities for training and education. He is credited with leading
development and beginning implementation of the Army Transformation vision,
which moved the Army from a Cold War footing to a rapidly deployable force
using new technologies and weapons platforms.

As a California state legislator from 1992 to 1997, Caldera served on the
Higher Education Committee and authored legislation promoting children’s
health and safety, charter schools and public education. Representing a
multi-ethnic district centered in downtown Los Angeles, he contributed to
economic revitalization efforts.

“Louis’ addition to the Career Education board affords us his broad range of
perspectives and experience, so many of which pertain directly to how we
provide quality, career-focused education that improves the lives of
students,” said Chairman, President and CEO Steven H. Lesnik. “As the son of
Mexican immigrants, Louis’ personal story of rising from humble beginnings to
achieve high-ranking American leadership positions mirrors the dreams of many
of our students, who through hard work and education strive to achieve a
better life for themselves and their families.”

With Caldera’s appointment, the number of members currently serving on the
Board of Directors increases to nine.

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 75,000 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