PITTSBURGH, April 10, 2013 /PRNewswire/ -- Education Management Corporation (NASDAQ: EDMC) today announced the appointment of two new senior executives. Mick J. Beekhuizen will join the Company as Executive Vice President and Chief Financial Officer and Joan H. Walker will be appointed as Executive Vice President, Corporate Communications. In these roles, Mr. Beekhuizen and Ms. Walker will report directly to Edward H. West, President and Chief Executive Officer. Mr. Beekhuizen and Ms. Walker join the Education Management senior management team following the recent appointment of Carol A. DiBattiste, Executive Vice President and Chief Legal & Compliance Officer. These new members of the senior management team combined with the current operating leadership will help Education Management to strengthen its efforts to operate with high standards and maintain its core values of student success, integrity, innovation and achievement as the Company evolves in a changing marketplace. "Mick's experience and skill set will greatly benefit the Company and help us execute our strategy. Having spent over three years as an active member of the Education Management Board of Directors, he has a deep understanding of the Company and an appreciation for the significant opportunities ahead for Education Management," said Mr. West. "Joan has shown extraordinary leadership in marketing and communications across some of America's foremost brands. She is a trusted leader in the field and will bring her skills to deepening relationships in the communities that we serve and to communicating the tremendous potential of Education Management." Most recently, Mr. Beekhuizen left Goldman Sachs where he was a Managing Director within the Merchant Banking Division in New York. He joined Goldman Sachs in 2000 as a financial analyst in Investment Banking in Frankfurt, Germany, and joined Merchant Banking in 2004 when he moved to New York. In 2010, Mr. Beekhuizen was named a Managing Director. He has also served on the board of EdgeMarc Energy Holdings, LLC and, since October 2009, on the board of Education Management, a position he will relinquish to assume his new role as CFO of the Company. "I am excited about the opportunity to join Ed and the senior management team to advance the company's goals," said Mr. Beekhuizen. "My involvement with Education Management has given me great perspective on its potential and I look forward to being more closely involved in helping the company to achieve its objectives."
After meteoric growth in the '90s, for-profit colleges have come under intense government scrutiny that's sent shock waves through the industry. Just ask Corinthian College, Education Management and Career Education.