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Thursday, March 28, 2024

2U Reveals Changes At Senior Leadership Level

Courtesy of Benzinga.

2U, Inc. (NASDAQ: TWOU), revealed changes at the senior leadership level. As part of that, its President and chief impact officer, Jim Shelton, would leave the company to join the Chan Zuckerberg Initiative to lead the education efforts, effective June 1. Interestingly, Facebook Inc (NASDAQ: FB) CEO, Mark Zuckerberg, was one of the persons to found the Chan Zuckerberg initiative.

The objective was to advance human potential, as well as encourage equality through the focus areas of personalized learning, connecting people, curing disease, and establishing strong communities. Shelton was with the company since June last year.

2U co-founder and CEO, Chip Paucek, said “In his time here, Jim has helped to refine 2U’s social impact strategy and also contributed to driving quality and innovation during a time of rapid growth for the company. We congratulate Jim on his new role, which is clearly a once-in-a-lifetime opportunity for someone with his unique experience.”

The company promoted Jason Zocks to EVP of Program Management from EVP and regional GM. In the new role, he would oversee every aspect of managing the portfolio that included 14 partners and 32 programs.

Similarly, it elevated Andrew Hermalyn to EVP of Business Development from executive vice president and regional general manager. The company indicated that Hermalyn has held a wide range of leadership positions. That included vice president of university relations, general manager of Semester Online and general manager of Syracuse University. In the new role, he would oversee university partnerships and new program strategy and implementation, and would continue to have responsibility for Syracuse University.

2U also said that Susan Cates would oversee its impact strategy apart from her responsibilities as its chief operating officer. Cates has over twenty years of experience in higher education, education investments, business development and executive learning and development and most recently served as president of executive development at the University of North Carolina Kenan-Flagler Business School.

Posted-In: News Management

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