http://www.prnewswire.com/news-releases/mick-j-beekhuizen-steps-down-as-executive-vice-president-and-chief-financial-officer-of-education-management-corporation-300204648.html
PITTSBURGH, Jan. 14, 2016 /PRNewswire/ -- Education Management Corporation (EDMC) today announced that Mick J. Beekhuizen will be stepping down as Executive Vice President and Chief Financial Officer, effective February 29. Frank Jalufka will replace Mr. Beekhuizen as Senior Vice President and Chief Financial Officer. Mr. Beekhuizen joined EDMC in 2013, after previously having served as a director of the company.
"I take pride in the successes we have experienced at EDMC during the last three years," said Mr. Beekhuizen. "I thank EDMC for the opportunity to make a difference in the careers and lives of so many students."
During his three-year tenure as Executive Vice President and CFO, Mr. Beekhuizen helped EDMC remain among the national leaders of private education providers. He notably played an instrumental role in EDMC's successful two-part capital restructuring concluded in April 2015 that eliminated $1.3 billion in outstanding debt and gave EDMC a sustainable long-term capital structure.
"We are very grateful to Mick for his commitment to EDMC and its students," said Mark A. McEachen, Chief Executive Officer of EDMC. "Through his hard work, Mick leaves EDMC stronger institutionally, in a better financial position, and poised to take the lead in providing the best value in education to our students."
"We are also fortunate to have recruited Frank Jalufka to fill Mick's role."
Mr. Jalufka is an experienced executive with nearly two decades working in corporate executive and financial roles. Most recently, he served as the Vice President, Chief Operating Officer and Chief Financial Officer at The Dolan Company, where he was responsible for managing all operational and financial aspects of the corporation.
"I am excited to be a part of the EDMC team," said Mr. Jalufka. "I look forward to working with Mark McEachen and the leadership team to find new ways to make a high quality EDMC education available to more and more people."
About Education Management Corporation
Education Management Corporation (www.edmc.edu) provides post-secondary education in North America through four education systems — The Art Institutes, Argosy University, Brown Mackie Colleges, and South University – totaling 110 locations in 32 U.S. states and Canada. The company offers academic programs to students through campus-based and online instruction, or through a combination of both. The company is committed to offering quality academic programs and strives to improve the learning experience for its students. Its educational institutions offer students the opportunity to earn undergraduate and graduate degrees and certain specialized non-degree diplomas in a broad range of disciplines, including media arts, health sciences, design, psychology and behavioral sciences, culinary, business, fashion, legal, education and information technology.