For-profit DeVry University has appointed Thomas L Monahan III (pictured) as its new president and chief executive.

For more than two decades, Monahan was an operating leader, board member, then chief executive and chairman of CEB, a best practice insights and technology company, which grew to nearly $1 billion in revenue under his leadership, serving more than 10,000 companies globally, including 90% of the Fortune 500. Before that he was a management and technology consultant with Deloitte and Accenture, and undertook research on regional economies and workforce development at the Committee for Economic Development.

Monahan is currently chairman of ProKarma, a digital technology company within The Carlyle Group portfolio. He is also a board member of Transunion, chair of its audit and compliance committee, and a member of its compensation committee; Workforce Logiq (a Carlyle Group portfolio company); Winsight (a Pamlico Capital portfolio company); and, until its October 2018 sale, Convergys, where he was chair of the compensation committee.

Michael Peel, chair of DeVry’s board of trustees, said: “We are pleased to have someone of Tom Monahan’s calibre and experience join DeVry at a time of great change and challenge in higher education. Tom is a visionary leader with his ability to foster innovation at scale, insight into how technology is reshaping work and his deep knowledge of the skill needs of major employers in the US and around the world. With this expertise, Tom will enable important advances in the way DeVry both prepares students for resilient careers and partners with major corporations on their reskilling needs in this rapidly changing economy.”

DeVry University is in Naperville, Illinois.

Date published: 20 August 2020

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