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International Education Corporation Names Chief Executive Officer

Irvine, Calif. (March 18, 2008) – International Education Corporation (IEC) today announced the appointment of Fardad Fateri as its Chief Executive Officer. Fateri joins IEC with a rare and solid background in business as well as in academics. In his new role, he will be responsible for continuing the excellent standard of education provided by IEC’s subsidiaries, United Education Institute and Advanced Career Training.

Fateri plans to reach a broader range of students by increasing program offerings delivered through multiple platforms and increasing distribution channels while leveraging current facilities and improving the level of academic quality. “In our enterprise, it all comes down to student retention, graduation and employment,” Fateri said. “Colleges that focus on student outcomes and student achievement will sustain superior long-term financial results.” Most recently, Fateri served as Chief Academic Officer for Corinthian Colleges, Inc., where he led the corporation’s academic vertical for the past four years. Prior to joining Corinthian Colleges, Inc., Dr. Fateri was President of DeVry University in Southern California, leading the organization to become one of the most successful divisions of DeVry, Inc. He served the DeVry, Inc. community for 10 years.

Before his work with DeVry, he spent more than seven years at the Orange County Campus of the United States International University where he was Campus Director. “I am excited about having the opportunity to work with a very talented leadership team, a quality staff, a passionate faculty, and the fact that IEC is not yet as large as some of the other players within our space,” Fateri said. “We can be nimble and build a culture grounded in top-quality programs delivered by top-notch faculty, and we will design a culture of accountability for student outcomes.” Fateri said the proprietary education space is small compared to the traditional education sector, which allows a number of opportunities to gain market share and provide students with timely and relevant education that prepares them for careers.

Dr. Fateri earned his bachelor’s, master’s and doctoral degrees form the University of California in Irvine; California State University in Fullerton; and Alliant International University, respectively. His Doctoral degree is in Leadership and Human Behavior with a specialization in Organizational Behavior.

Dr. Fateri also attended Harvard University, where he completed the Management and Leadership in Higher Education program. Jim Mathis, the company’s outgoing CEO, was instrumental in positioning the company for the future. He will continue to support the IEC community by serving on the corporation’s Board of Directors. “For the past year, we have been actively searching for a qualified Chief Executive and finally found someone who will take IEC to the next level. We are fortunate to attract someone of Fardad’s caliber to IEC,” Mathis said.


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