Online education platform Coursera has appointed Jeff Maggioncalda as its new CEO. Rick Levin, who was CEO of the company from April 2014, will remain at Coursera as a senior advisor.

Mr. Maggioncalda joins Coursera after a sabbatical following an 18-year tenure as founding CEO and president of Financial Engines. He started his career with Cornerstone Research, before heading to Stanford for his MBA. Upon graduating in 1996, he became the founding CEO of Financial Engines, a company co-founded by Economics Nobel Prize winner Bill Sharpe. He took Financial Engines public in 2010.

Mr. Maggioncalda is currently a member of the board of Silicon Valley Bank.

[Image courtesy: Coursera]