DeVry University named a new president and CEO whose appointment took effect today.
Thomas Monahan III, 54, replaced F. Willis (Bill) Caruso, who served as interim president and CEO since January and has resumed his duties at DeVry as general counsel, secretary and vice president of regulatory affairs.
Monahan is a former CEO of CEB, which Gartner acquired in 2017. "Under Monahan’s leadership, CEB became a pioneer in using advanced technologies to analyze data at scale, assess and credential talent, and teach vital skills, becoming one of the most respected brands in the information science and human capital worlds," DeVry said in a release.
Monahan is chairman of PK, formerly ProKarma.
Naperville-based DeVry has a total of 26,000 students and 47 campuses in the U.S. The school was acquired in 2019 from Adtalem Global Education by Cogswell Education, which also acquired the Keller Graduate School of Management.
“Our society and economy are at a crossroads," Monahan said in the release from DeVry. "Technology is powering epochal changes both in how we help people acquire skills and in the very relevance of the skills they acquire. From its founding by Dr. Herman DeVry, DeVry University has been an innovator in higher education, characterized by a laser focus on those capabilities and technologies necessary for individuals to succeed in their careers and for employers to thrive in their markets.”
Michael Peel, chair of DeVry’s board of trustees, said in the release: “We are pleased to have someone of Tom Monahan’s caliber 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 U.S. and around the world."
Read the complete story by Wendell Hutson in Crain’s Chicago Business: https://www.chicagobusiness.com/education/devry-university-names-new-ceo
Thomas Monahan III is a former CEO of CEB.