Pearson CEO Scardino Will Step Down as Fallon Takes Over
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Pearson Plc Chief Executive Officer Marjorie Scardino will step down after 16 years and be replaced by the head of its international education business, spurring speculation the company may sell the Financial Times newspaper.
John Fallon, 50, will replace Scardino, 65, starting January 2013, the London-based company said today. The first female CEO of a major U.K. company, Scardino was made a Dame of the British Empire in 2003 and almost tripled Pearson’s sales during her tenure.