Harvard University

Laureate Education's founder and CEO to step down at end of year

Laureate Education's founder and CEO to step down at end of year

Laureate Education Inc. founder Douglas Becker is stepping down as president and CEO of the Baltimore for-profit university system at the end of the year.

Two of Laureate’s most-senior and longest-serving executives have been named his successors, effective Jan. 1. Eilif Serck-Hanssen, 51, the company’s chief administrative officer, will take over as CEO. Ricardo Berckemeyer, 47, Laureate’s chief operating officer, will become president.

Becker, 51, will stay on with the company as non-executive board chairman.

"I am proud and grateful for the opportunity to found and lead this remarkable company which is helping so many students around the world achieve their...