- Push-out Score determined
- After about six and a half years in the position
- Andrew Hurst taking over
- Nelson will remain as Executive Chairman at Perdoceo
- Nelson said 69 words
(exechange) — Schaumburg, Illinois, January 20, 2022 — Todd Nelson, chief executive of Perdoceo, leaves his position. As announced by Perdoceo Education Corp. in a news release and in a regulatory filing published on Thursday, January 20, 2022, Todd S. Nelson leaves his post as chief executive officer at the provider of postsecondary education programs, after about six and a half years in the role, effective immediately.
Todd Nelson’s duties as CEO will be taken over by Andrew Hurst, most recently Senior Vice President – Colorado Technical University at Perdoceo Education Corp.
No reason given
In the announcement, Perdoceo did not explicitly explain the reason for the move.
Nelson will remain as Executive Chairman at Perdoceo
“Todd Nelson has been named Executive Chairman effective January 20, 2022 and will continue to serve Perdoceo on a full time basis,” Perdoceo said.
Perdoceo said: “[E]ffective January 20, 2022 (the “Transition Date”), Todd Nelson transitioned from his role as President and Chief Executive Officer of the Company to the role of Executive Chairman of the Board of Directors.”
Share price decline since January 2018
The announcement follows a decline in Perdoceo Education Corp.’s share price of 7% since January 2018.
In the position of CEO since 2015
Todd Nelson became CEO of the Company in 2015.
Nelson has served as President and Chief Executive Officer of the Company since August 2015.
Prior to joining the Company, Nelson served as a director of Education Management Corporation from February 2007 through November 2013, including serving as Chairman of the Board of Directors from August 2012 until November 2013.
He was also Education Management Corporation’s Chief Executive Officer from February 2007 to August 2012, and its President from February 2007 to December 2008.
Nelson worked as an independent consultant after departing Education Management Corporation and from January 2006 through January 2007.
Nelson worked for Apollo Group, Inc. (now known as Apollo Education Group, Inc.) from 1987 through January 2006.
Nelson served in various roles with Apollo Group, Inc., including serving as President from February 1998 until January 2006, Chief Executive Officer from August 2001 until January 2006, and Chairman of the Board from June 2004 until January 2006.
Nelson was a member of the faculty at the University of Nevada at Las Vegas from 1983 to 1984.
Nelson received a Bachelor of Science degree in marketing from Brigham Young University and his Master of Business Administration from the University of Nevada.
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding Todd Nelson’s move on a scale of 0 to 10.
exechange reached out to Perdoceo and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 4.2022 ($).