“Capella Education Company names Steven L. Polacek as senior vice president and chief financial officer” plus 1 more |
| Posted: 26 Aug 2010 01:35 PM PDT MINNEAPOLIS--(BUSINESS WIRE)--Capella Education Company (NASDAQ: CPLA), a provider of exclusively online post-secondary education through its wholly owned subsidiary Capella University, announced today that Steven L. Polacek will join the company as senior vice president and chief financial officer effective Sept. 7, 2010.
"Steve brings all the key attributes we seek in a CFO; seasoned financial leadership, broad public company experience, a strong strategic and operational mindset and a great fit with our mission driven, value based culture," said Kevin Gilligan, chairman and chief executive officer of Capella Education Company. "Steve's experience with customer-centric businesses fully aligns with Capella's ongoing commitment to academic quality, learner success and shareholder value. I am delighted to welcome someone of Steve's caliber to our team." Polacek, 50, brings more than 25 years of finance and strategic business experience to Capella. Prior to joining Capella, he served as senior vice president and chief financial officer at Hutchinson Technology Incorporated, a publicly traded global technology leader supplying critical components to the disk drive industry and new technologies to improve the quality of health care. Previously, Polacek was senior vice president, chief administrative officer and chief financial officer at Minneapolis-based Opus Corporation, a privately held full-service real estate development company. Prior to joining Opus Corporation, he served as partner from 2002 to 2005 with Deloitte & Touche LLP. Polacek began his career with Arthur Andersen LLP in 1982, became partner in 1993, and was the managing partner of the Minneapolis office from 1995 to 2002. Polacek serves on the board of directors for C. H. Robinson Worldwide, Inc. (Nasdaq: CHRW). He earned his bachelor's degree in accounting from the University of Nebraska – Lincoln. Polacek will succeed Lois M. Martin, Capella's current senior vice president and chief financial officer. On May 6, 2010, Martin announced plans to leave the organization after the end of 2010. "Since Lois' decision to leave the organization, we have been engaged in a thorough recruiting process to identify Capella's next CFO, while developing a comprehensive transition plan," Gilligan added. "Steve, Lois and I will work together on successfully completing the transition. I'd like to thank Lois for her ongoing commitment to Capella. She has contributed greatly to our mission of delivering academic quality to our learners and building value for our shareholders." About Capella Education Company Founded in 1991, Capella Education Company is a national leader in online education and parent company of Capella University, a regionally accredited* online university. Capella University offers online graduate degree programs in business, counseling, education, health administration, human services, information technology, nursing, psychology, public administration, public health, public safety, and social work, and bachelor's degree programs in business, information technology, nursing, psychology, public administration, and public safety. These academic programs are designed to meet the needs of working adults, combining high quality, competency-based curricula with the convenience and flexibility of an online learning format. Currently, Capella University offers 43 graduate and undergraduate degree programs with 137 specializations. More than 38,000 learners were enrolled as of June 30, 2010. For more information about Capella Education Company, please visit http://www.capellaeducation.com. For more information about Capella University, please visit http://www.capella.edu or call 1.888.CAPELLA (227.3552). *Capella University is accredited by The Higher Learning Commission and is a member of the North Central Association of Colleges and Schools (NCA), www.ncahlc.org. Capella University, Capella Tower, 225 South Sixth Street, Ninth Floor, Minneapolis, MN 55402, 1.888.CAPELLA (227.3552), www.capella.edu. This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php |
| Online university says New Brunswick government's order to close is unfair Posted: 26 Aug 2010 02:10 PM PDT Ronan O'Beirne, The Canadian Press A private online university based in New Brunswick will close by the end of the year after questions arose about its administration and finances, but the school says the shutdown is unfair. The province's Department of Post-Secondary Education ordered Lansbridge University to close after three reviews found problems with the school's operations. The concerns over Lansbridge date back to December 2007, when a review by the Maritime Provinces Higher Education Commission was launched. It found that Lansbridge had failed to meet 10 of 16 benchmarks for post-secondary schools, including dispute resolution, student protection and financial stability. In February 2009, the post-secondary education minister ordered that Lansbridge comply with four conditions: inform its students that it had failed the assessment, address the commission's concerns, implement a student protection agreement, and pay for a second review. Rene Boudreau, New Brunswick's director of post-secondary affairs, says the department did not immediately shut down the school after the first assessment because it believed the university had potential to improve. Lansbridge underwent the second review, which concluded the school had not made sufficient progress. The department then ordered an investigation conducted by academic governance experts, which confirmed the findings of the first two reviews. The department ordered the school effectively shuttered. Lansbridge president Ernest Smith did not return calls seeking comment. But in a statement, the school disputed the department's decision. "We are stunned as to why the (degree-granting) license was revoked. Our programs have been deemed by our students and faculty as above average," Lansbridge said in a statement. The school said it will prepare a response to the department. Mireille Duguay, CEO of the commission that carried out the first two reviews, said Lansbridge lacked credibility. "If you're going to be granting degrees in this province, the institution that will grant those degrees ... has to be credible in the pan-Canadian perspective," she said. "As such, (there) are certain standards that have to be abided to that are not the same standards as you may have for a little convenience store." The business school had been offering MBA programs to more than 150 students, most of whom are Canadian. Logged in visitors may comment on articles, enter contests, manage home delivery holds and much more online. Your ONE Account grants you access to features and content across the entire CanadaEast Network of sites. This entry passed through the Full-Text RSS service — if this is your content and you're reading it on someone else's site, please read our FAQ page at fivefilters.org/content-only/faq.php |
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