Pearson CEO Marjorie Scardino to Step Down End 2012, John Fallon Named
03 Oktober 2012 - 8:46AM
Dow Jones News
LONDON--Publishing firm Pearson PLC (PSON.LN) said Wednesday
Marjorie Scardino has decided to step down as chief executive at
the end of 2012 and that John Fallon will succeed her as on Jan.
1.
MAIN FACTS:
-Mr. Fallon joins the Pearson board with immediate effect.
-Mr. Fallon has been chief executive of Pearson's International
Education division since 2008 and is responsible for education
businesses outside the U.S. including in fast-growing markets such
as China, India, Brazil and Southern Africa.
-Pearson expects to generate more than half its revenue from
digital and services businesses this year for the first time in its
history.
-Shares closed Tuesday at 1237 pence valuing the company at
10.11 billion pounds.
-Write to Ian Walker at ian.walker@dowjones.com
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