Career Education names new CFO

SCHAUMBURG - Career Education Corp. has named Andrew J. (A.J.) Cederoth as senior vice president and chief financial officer, effective April 1.

Cederoth will replace David A. Rawden of AlixPartners, who has been serving as interim CFO since April 1, 2015. Rawden will remain at Career Education as a consultant for a brief transition period in order to ensure a smooth onboarding process for Cederoth.

Cederoth joins Career Education from Innova UEV, an electric car sharing company based in Burr Ridge, where he served as CFO and vice president of new business development. Prior to joining Innova, he served as CFO at Clover Technologies Group, a provider of electronic asset life cycle management and environmental solutions.

He began his career in finance in 1990 at Navistar International Corp, where he held various financial roles of increasing responsibility, culminating with his tenure as executive vice president and CFO from 2009 to 2013. Cederoth holds a bachelor of arts degree in economics from the University of Illinois and an MBA from DePaul University.

"A.J.'s broad experience in financial management spans roles at both private and publicly-traded companies across a number of industries, most recently within more technology and service-focused businesses," said Career Education President and Chief Executive Officer Todd Nelson. "His background represents an excellent addition to our executive leadership team as we continue moving Career Education forward, and we look forward to his contributions.

"We would also like to extend our thanks to David Rawden for his assistance in successfully executing our strategic plan and cost control initiatives during his tenure as Interim Chief Financial Officer, and we wish him well in his future endeavors" Nelson added.