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Career Education Names Former Asset Acceptance CFO Simpson as New CFO

Career Education Names Former Asset Acceptance CFO Simpson as New CFO

Career Education (CECO) shares edged higher Thursday, after the provider of postsecondary-education programs and services said it has appointed Reid E. Simpson as its new chief financial officer. Simpson succeeds Colleen O'Sullivan, who is leaving the organization but will remain available for consultation through the end of June to ensure a smooth transition.

Simpson previously was CFO of Asset Acceptance Capital, and was instrumental in the sale of the company to Encore Capital Group in 2013, CECO said. Shares were up 1.2% at $4.89 recently, in a 52-week range of $2.46 to $7.93.

Career Education Names Former Asset Acceptance CFO Simpson as New CFO