SANTA ANA, Calif., March 26, 2007 /PRNewswire-FirstCall via COMTEX News Network/ -- Corinthian Colleges, Inc. (Nasdaq: COCO) has appointed Steve Quattrociocchi president, CCi Online, a unit of the company's Online Learning Division (formerly the Pegasus Division).
In this newly created position, Quattrociocchi will oversee the company's online programs, which currently offer 245 courses and 15 degrees in high-demand fields such as criminal justice, business, accounting and information technology. Corinthian has over 6,800 exclusively online students.
"Online education has become a well-accepted learning model worldwide, and we believe there are ample opportunities for continued growth," said Peter C. Waller, Corinthian's president and chief operating officer. "Steve is a savvy executive with a strong track record of marketing and running both online and traditional classroom and tutoring operations. He has excellent experience managing a young and growing business and a keen understanding of the education industry and its demographics. Bringing Steve on board is an important part of our strategy to expand our online learning capability."
Quattrociocchi has spent his 19-year career with The Princeton Review, a publicly-traded provider of courses, tutoring, books and online test preparation for college, graduate and professional admissions tests, as well as related services for school districts across the U.S. He most recently served as executive vice president and general manager of the $90 million Test Preparation Services division, where he helped grow division revenues by 148% over a five-year period and launched award-winning online test preparation courses. Previously, as vice president, course operations, he oversaw The Princeton Review's network of company-owned regional offices. Quattrociocchi also served as executive director of The Princeton Review's Mid-Atlantic territory, where he more than doubled revenues in less than three years.
Quattrociocchi earned a master of business administration degree from the Wharton School at the University of Pennsylvania, and a bachelor of science degree from MIT.
In his new position, Quattrociocchi will report to David Poldoian. Over the past two years, Poldoian and his team have successfully led Corinthian's online business from its start-up phase to a rapidly growing, viable operation representing more than 10 percent of the Company's total enrollment. As president and chief operating officer of the Online Learning Division, Poldoian will focus his efforts on introducing and expanding online learning throughout the company's traditional program offerings and play an integral role in evaluating potential strategic partnerships, joint ventures and acquisitions related to the online business.
About Corinthian Colleges, Inc.
Corinthian Colleges is one of the largest post-secondary education companies in North America, operating 94 schools in 24 states in the U.S. and 32 schools in seven provinces in Canada. The Company's mission is to prepare students for careers in demand or for advancement in their chosen career. Corinthian offers diploma programs and associates, bachelor's, and master's degrees in a variety of fields, including healthcare, transportation technology, criminal justice, business, information technology and trades.Contacts: Investors: