McGraw-Hill Names Lloyd Waterhouse Head of Education Unit

McGraw-Hill Cos. (MHP) named Lloyd “Buzz” Waterhouse as president and chief executive officer of McGraw- Hill Education, ahead of the parent’s planned split into two companies.

Waterhouse, a former CEO of Harcourt Education, will step into the role on June 14, New York-based McGraw-Hill said today in a statement. The company said last month that Robert Bahash, president of the education business, would retire.

McGraw-Hill, the owner of Standard & Poor’s, is in the process of splitting into two, with one company focused on education and the other on financial information. The division is expected to be completed this year, McGraw-Hill has said.

Waterhouse also spent 26 years at International Business Machines Corp., where he was general manager of E-Business Services.

His experience in education and new technologies will help McGraw-Hill “in the new era of global digital learning,” Harold “Terry” McGraw, the company’s CEO, said in the statement.

McGraw-Hill Financial will include the Standard & Poor’s ratings service, S&P Indices, Platts energy information services and J.D. Power & Associates.

McGraw-Hill fell 1.4 percent to $43.17 at 9:54 a.m. in New York.

To contact the reporter on this story: Lisa Wolfson in Boston at

To contact the editor responsible for this story: Lisa Wolfson at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.