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Capella names new CEO to replace founder

Kevin Gilligan has been named chief executive officer of the Capella Education Co., based in Minneapolis. He’ll start Mar. 5.

Capella founder Stephen G. Shank, who turned 65 last month, has planned to retire from the chief executive officer position. Shank will stay on in an advisory role during a transition phase and also remain chair of the Capella Education Co. board of directors.

Founded in 1991, Capella Education Co. is a national leader in online education and parent company of Capella University, which offers graduate degree programs in business, information technology, education, human services, psychology, public health and public safety and bachelor’s degree programs in business, information technology and public safety.

Gilligan, 53, has been president and CEO of United Subcontractors of Edina since 2004. Previously, he was president and CEO of Honeywell International’s Automation and Control Systems.

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