MIAMI, May 24, 2023
/PRNewswire/ -- Laureate Education, Inc. (NASDAQ:
LAUR) (the "Company") announced the election of
Aristides de Macedo as an
independent member of the Laureate Education, Inc. Board of
Directors at today's 2023 Annual Meeting of Stockholders and the
appointment of Andrew B. Cohen as Vice Chair of the Board
of Directors.
"We are pleased to welcome Aristides de
Macedo to Laureate's Board of Directors," said Eilif Serck-Hanssen, President and Chief
Executive Officer. "Ari's executive leadership roles, business
experience in Latin America, and
experience serving as a director of a Laureate university in
Peru adds important skills to our
Board as we execute on our strategy and drive growth."
"With Ari's skill set and unique understanding of Laureate's
Peru business, we look forward to
his valuable perspectives and contributions to our mission and
enhancing value for all Laureate stakeholders," said Kenneth Freeman, Chair of the Board.
Mr. de Macedo has more than 30 years of international business
experience in Latin America.
Mr. de Macedo previously served as the Chief Executive
Officer of Grupo Salud Del Perú SAC from 2010 to 2011 and held
various executive positions with Kraft Foods Inc. from 1999 to
2009, including as President of each of Kraft Andean and Brasil.
Mr. de Macedo serves and has served on various public and private
boards of directors in Latin
America. Additionally, Mr. de Macedo was the independent
Chair of the board of directors of Universidad Peruana de Ciencias
Aplicadas, a Laureate university, from 2015 to April 2023.
Mr. de Macedo will serve as a member of the Board's Audit and
Risk Committee and Education Committee.
Following Mr. de Macedo's election, Laureate's Board is
comprised of nine directors, eight of whom are independent.
Laureate believes that maintaining a Board with the optimal mix of
skills, expertise and experience is critical to the delivery of
long-term value for stockholders and the achievement of superior
academic outcomes for our students.
Mr. Cohen has served on Laureate's Board since 2013 and is the
Chair of the Compensation Committee and a member of the Nominating
and Corporate Governance Committee. Mr. Cohen is the Chief
Investment Officer and Co-Founder of Cohen Private Ventures, LLC,
which invests long-term capital, primarily in direct private
investments and other opportunistic transactions, and manages
family office activities, on behalf of Steven A. Cohen.
Upon his appointment as Vice Chair of the Board, Mr. Cohen
shared, "I am pleased to have the opportunity to further support
the Board and the Company's corporate governance."
About Laureate Education, Inc.
Laureate Education, Inc. operates five higher education
institutions across Mexico and
Peru, enrolling more than 420,000
students in high-quality undergraduate, graduate, and specialized
degree programs through campus-based and online learning. Our
universities have a deep commitment to academic quality and
innovation, strive for market-leading employability outcomes, and
work to make higher education more accessible. At Laureate, we know
that when our students succeed, countries prosper, and societies
benefit.
Investor Relations Contact:
ir@laureate.net
Media Contact:
Adam
Smith
Laureate Education,
Inc.
adam.smith@laureate.net
U.S.: +1 (443) 255 0724
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SOURCE Laureate Education, Inc.
