LONDON--Education company Pearson PLC (PSON.LN) Thursday
announced a new organization structure and leadership team designed
to accelerate the company's push into digital learning, education
services and emerging markets.
MAIN FACTS:
-Under the new structure, Pearson will organize around three
global lines of business - School, Higher Education and
Professional - and three geographic market categories - North
America, Growth and Core.
-Leaders of these businesses will be:
* School: Doug Kubach
* Higher Education: Tim Bozik
* Professional: John Ridding
* North America: Don Kilburn
* Growth markets: Tamara Minick-Scokalo
* Core markets: Rod Bristow
-Global lines of business will have primary responsibility for
strategy and product development, while geographies have primary
responsibility for customer relationships, sales, marketing and
product delivery.
-Genevieve Shore, currently Pearson chief technology officer,
will take on a new role as chief product and marketing officer.
-Changes will take effect on Jan. 1, 2014
-Will Ethridge, currently chief executive of Pearson North
America, will step down from his role and from the board on Dec.
31; He will continue to work for Pearson in an advisory
capacity.
-Shares on Wednesday closed at 1265 pence.
-Write to Tapan Panchal at tapan.panchal@dowjones.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires