2U, Inc. Announces Leadership Transition
LANHAM, Md., Nov. 17, 2023 /PRNewswire/ -- 2U, Inc. (Nasdaq: TWOU), a leading online education platform company, today announced a change of leadership to spearhead the next stage of its evolution as it focuses on improving operational efficiency and delivering profitable growth and cash flow. The Board of Directors has appointed Paul Lalljie, the company's current Chief Financial Officer, to succeed Christopher "Chip" Paucek as Chief Executive Officer and as a member of the Board of Directors, effective immediately. Additionally, Matt Norden, the company's Chief Legal Officer, will also assume the role of Chief Financial Officer. Paucek will remain an employee of the company through December 15, 2023, at which time he will transition to Special Advisor.
- Paucek will remain an employee of the company through December 15, 2023, at which time he will transition to Special Advisor.
- "The Board and Chip have mutually determined that this is the right time for a leadership change," said Paul Maeder, Chair of the Board of Directors of 2U.
- Continuity of leadership is important, and Paul has been a key member of the team at 2U for more than four years.
- I am confident that under Paul's leadership, the company is well positioned to take the necessary steps to deliver profitable growth in the future."