IBL News | New York
2U’s CEO, Paul S. Lalljie, stepped down just weeks after the company emerged from Chapter 11 bankruptcy.
According to the company’s announcement, Lalljie, who has been 2U’s CEO since late 2023, also resigned from his board seat.
Lalljie [in the picture] served as chief executive for less than a year after succeeding 2U co-founder and longtime CEO Chip Paucek.
2U’s Board appointed Matthew Norden as interim CEO and initiated a search for a permanent successor. Norden is currently 2U’s Chief Financial Officer and will continue in this role as well.
“Leading 2U through this period has been both demanding and fulfilling,” said Lalljie.
“With over a decade of experience at 2U, Matt Norden deeply understands 2U’s business, its culture, and critically, the needs of our incredible partners,” said Brian Napack, Executive Chairman of 2U’s Board.
