Corinthian Colleges names new chairman

From Bloomberg News

Corinthian Colleges Inc., the operator of 127 for-profit schools in the U.S. and Canada, named director Terry O. Hartshorn chairman to replace founder David G. Moore, who retired effective Friday.

Hartshorn, 61, has been an independent director since September 2005, Corinthian said.

Moore, 68, will continue as a member of the company's board, the Santa Ana-based company said.

Corinthian shares fell 20 cents to $13.49.

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