DeVry CEO Replaced by Board Member

May 25, 2016

Daniel Hamburger, the CEO of DeVry Education Group for the last nine years, left the company on Tuesday. His departure was effective immediately, DeVry, a large for-profit chain, said in a written statement. Lisa Wardell, a longtime member of the company's Board of Directors, is the new CEO.

Last year the company announced that its flagship DeVry University would close 14 campus locations amid other consolidations and a rebranding. The university had struggled with sagging enrollments and revenue. And the Federal Trade Commission last year sued the university and its parent company over allegations of deceptive claims about job-placement rates and graduates' wages. DeVry has contested those allegations.

DeVry Education Group has fared well overseas in recent years, particularly in Brazil, and the company's overall enrollment numbers are up.

Wardell mostly recently was executive vice president and chief operating officer of the RLJ Companies, an asset management company. Hamburger left DeVry to pursue other opportunities, the company said.

“The Board of Directors believes that Lisa Wardell provides a strategic vision and road map for the rapid acceleration of DeVry Group’s diversification initiatives,” Chris Begley, the company's board chair, said in a written statement. “Lisa is the right person to lead DeVry Group through this transformational period in higher education while remaining true to our mission of successful student outcomes.”

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