Corinthian Colleges Names New CEO
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Corinthian Colleges Inc., which specializes in schools for healthcare professionals, named board member Jack Massimino as president and chief executive, effective immediately. The shares fell nearly 12%.
Massimino, 55, who has been on Corinthian’s board for six years, succeeds David Moore, the Santa Ana-based company said. Moore, 66, will remain chairman.
Massimino takes over as the company faces an investigation by the Securities and Exchange Commission into financial statements. The shares fell $2.15 to $16.50 on Nasdaq.
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