Career Education Corporation (NASDAQ: CECO) today expressed its most sincere condolences to the family of former board member David W. Devonshire, who died Thursday, June 25 at the age of 70. Mr. Devonshire resigned from the Board of Directors in May, citing health concerns. He served on the company's board beginning in March 2008 and was Chairman of the Board from May 2013 until June 2014.

"Dave's financial expertise, in particular, was invaluable as we began the transformation of our company and its education institutions for a brighter future," said Ron McCray, Chairman of the Board and Interim President and CEO. "On behalf of everyone at Career Education, I wish to share my deepest condolences with Dave's family. He was a man of principle and we miss him greatly."

Mr. Devonshire served as Executive Vice President and Chief Financial Officer of Motorola, Inc., from March 2002 through his retirement in March 2007. From December 1998 until joining Motorola, Mr. Devonshire was Executive Vice President and Chief Financial Officer of Ingersoll-Rand Company, a global diversified industrial firm. From July 1993 until joining Ingersoll-Rand, he served as Senior Vice President and Chief Financial Officer of Owens Corning, a global producer of residential and commercial building materials.

Over his lifetime, he served on many civic and company boards including the Toledo Zoo, Shedd Aquarium, United Way, Roper Industries, Meritor, Career Education, and Arbitron. In 2006, Treasury and Risk Magazine named Mr. Devonshire one of the top 100 financial executives. Institutional Investor magazine voted him one of the best Chief Financial Officers in 2005, 2006, and 2007 for his work at Motorola.


Career Education's academic institutions offer a high-quality education to a diverse student population in a variety of disciplines through online, on-ground and hybrid learning programs. Our two universities - American InterContinental University ("AIU") and Colorado Technical University ("CTU") - provide degree programs through the master's or doctoral level as well as associate and bachelor's levels. Both universities predominantly serve students online with career-focused degree programs that meet the educational demands of today's busy adults. AIU and CTU continue to show innovation in higher education, advancing new personalized learning technologies like their intellipath™ adaptive learning platform that allow students to more efficiently move toward earning a degree by receiving course credit for knowledge they can already demonstrate. Career Education is committed to providing high-quality education that closes the gap between learners who seek to advance their careers and employers needing a qualified workforce.

A listing of individual campus locations and web links to Career Education's institutions can be found at

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