LANHAM,
Md., July 11, 2023 /PRNewswire/ -- 2U, Inc.
(Nasdaq: TWOU), the company behind global online learning platform
edX, today announced the appointment of Aaron McCullough as Chief Product Officer. In
this role, McCullough will oversee the engineering, product, and
learning innovation teams and lead the development and
implementation of the company's overarching product strategy.
McCullough will report to Christopher "Chip" Paucek, 2U's
Co-founder and CEO.
McCullough joins 2U from Coursera, where he was Vice President
and General Manager of the consumer segment, creating and leading
the company's comprehensive consumer vision, strategy, experience,
and platform optimization. Prior to this role, he served as
Coursera's Vice President of Product Management and was responsible
for the consumer-facing experience across growth, discovery,
commerce, and retention.
"Aaron's deep experience in product management and strategic
leadership, coupled with his passion for leveraging technology to
enhance educational opportunities, makes him the perfect fit for
2U," said Paucek. "We look forward to the innovation and growth
that Aaron will undoubtedly bring to 2U in service to learners,
universities, and companies around the world."
Before joining Coursera, McCullough headed Global Product
Management at Uber Transit, where he successfully scaled the
product management team, led the strategic acquisition and
integration of Routematch, and oversaw the launch of new products.
McCullough's earlier career includes product management leadership
roles at Walmart, Fanatics, Google, and One
Kings Lane, where he leveraged his expertise in data and
technology to scale operations and elevate the customer
experience.
"Aaron brings a strong vision and a results-driven approach that
will be instrumental in fulfilling 2U's mission to eliminate the
back row in education and deliver world-class learning outcomes at
scale," continued Paucek. "We're confident that his leadership will
help unlock value for learners and partners through platform
innovation and content velocity as we leverage edX to deliver
unique, industry-leading products that will reshape the future of
education and cement 2U as the preeminent digital education
company."
"What 2U has accomplished over the past decade is
remarkable—delivering high-quality education at scale without
compromising excellence. This is embodied in the edX platform,
which is shaping the future of marketplace capabilities, offering a
pathway from free learning to degree attainment to anyone,
anywhere," said McCullough. "This vision goes beyond simply
broadening education accessibility—it's about facilitating economic
mobility for all, a cause that deeply aligns with my values. I
believe that 2U, with its robust portfolio of products and
services, is uniquely positioned to drive significant change at a
global scale, and I'm thrilled to be a part of that mission."
McCullough holds a Bachelor of Science in Business
Administration with a concentration in Financial Analysis &
Valuation from the University of Southern
California.
As an executive officer of the company, Mr. McCullough is
eligible to participate in the company's executive officer
compensation program. As part of that program, the Compensation
Committee of the Board of Directors of the company approved
inducement awards to Mr. McCullough under Nasdaq Listing Rule
5635(c)(4) consisting of 215,054 restricted stock units ("RSUs").
One-third of the RSUs will vest on December 31, 2023, and the
remaining two-thirds will vest in equal quarterly installments over
the following two years, subject to McCullough's continued
employment on each vesting date.
About 2U (Nasdaq: TWOU)
2U is a global leader in
online education. Guided by its founding mission to eliminate the
back row in higher education, 2U has spent 15 years advancing the
technology and innovation to deliver world-class learning outcomes
at scale. Through its global online learning platform edX, 2U
connects more than 76 million people with thousands of affordable,
career-relevant learning opportunities in partnership with over 250
of the world's leading universities, institutions, and industry
experts. From free courses to full degrees, 2U is creating a better
future for all through the power of high-quality online education.
Learn more at 2U.com.
Cautionary Language Concerning Forward-Looking
Statements
This press release contains "forward-looking
statements" within the meaning of the safe harbor provisions of the
U.S. Private Securities Litigation Reform Act of 1995 concerning
the company and other matters. In some cases, you can identify
forward-looking statements by the words "may," "might," "will,"
"could," "would," "should," "expect," "intend," "plan,"
"objective," "anticipate," "believe," "estimate," "predict,"
"project," "potential," "continue" and "ongoing," or the negative
of these terms, or other comparable terminology intended to
identify statements about the future. The company has based these
forward-looking statements largely on its current expectations
about future events and short term and long-term business
operations and objectives as of the date of this press release. We
undertake no obligation to update these statements as a result of
new information or future events. In light of these uncertainties
and assumptions, the forward-looking events and circumstances
discussed in this press release may not occur and actual events
could differ materially and adversely from those anticipated.
Media Contact:
Kate
Welk
media@2u.com
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SOURCE 2U, Inc.