Exhibit
99.1
FOR
IMMEDIATE RELEASE
Leonard
A. Mariani Joins Career Education Corporation as Senior Vice President and
Chief
Marketing & Admissions Officer
HOFFMAN
ESTATES, Ill.—(October 1, 2007)—Career Education Corporation (NASDAQ:CECO) today
announced that Leonard (Len) A. Mariani has joined Career Education Corporation
as Senior Vice President and Chief Marketing and Admissions
Officer.
Mariani
has senior operational and general management experience across a variety of
industries and companies. He has deep functional expertise in business strategy,
marketing and sales operations, product development and business
development.
Having
spent the last eight years at AT&T Consumer, Mariani served most recently as
vice president, consumer and small business markets. In this role, he was
responsible for a $7 billion annual revenue commitment and directed a $1.4
billion budget. Over the last eight years, Mariani has led large teams at
AT&T with responsibilities for strategy and portfolio management,
business development, product and offer development, marketing and sales
operations, and customer retention and loyalty programs. Prior to joining
AT&T, Mariani held senior positions with the Bank of America, AIG,
GE Capital and McKinsey & Company in general management, operations,
marketing, business development and strategy. He began his career at General
Electric (GE) where he held various positions in business marketing
and sales management, sourcing and operations over a seven year period. Mariani
holds an M.B.A. from Harvard University and a B.S. degree in Mechanical
Engineering from the University of Pittsburgh.
"Bringing
on a highly experienced marketing professional like Len is a critical step
in
moving our company forward," said Gary McCullough, president and chief executive
officer of Career Education Corporation. " Len's deep expertise in
customer-centric businesses outside of the education industry will bring a
fresh
perspective to marketing and admissions, allowing us to better leverage and
differentiate our core institutions. We are always seeking to improve our
ability to attract new students and to retain our existing students, and Len's
direction will be pivotal in enhancing how we manage the entire student
lifecycle."
"This
is
an exciting time to be working with a company that has such a profound impact
on
so many lives," said Mariani. "CEC brands, coupled with the growth and change
in
the industry, the increasing need for career-focused education, and the surge
in
adult learners, offer tremendous opportunity for the company and the entire
industry. I look forward to contributing to the future success of CEC in
this
environment."
About
Career Education Corporation
The
colleges, schools, and universities that are part of the Career Education
Corporation (CEC) family offer high quality education to 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 Canada, France, Italy, and the United Kingdom, and offer doctoral, master’s,
bachelor’s, and associate degrees and diploma and certificate programs.
Approximately half of our 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; the Harrington
College of Design; the Brooks Institute of Photography; the Katharine Gibbs
Schools; American InterContinental University; Colorado Technical University
and
Sanford-Brown Institutes and Colleges. Through its schools, its educators,
and
its employees, CEC strives to provide quality education that enables students
to
graduate and pursue rewarding careers.
For
more
information, see the company’s website at http://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.
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CONTACT:
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Media
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Lynne
Baker
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(847)
851-7006
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Andrea
Meyer
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(847)
585-3937
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Investors
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Karen
King
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(847)
585-3899
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