Pearson Makes Management Changes in Overhaul of Global BusinessKristen Schweizer
Pearson Plc, the publisher of the Financial Times newspaper, unveiled a new leadership team and a reorganization to drive efforts in digital learning, education and emerging markets.
Effective Jan. 1, 2014, the company will be divided into three worldwide business groups called School, Higher Education and Professional, and geographically grouped as North America, Growth and Core, London-based Pearson said in a statement today.
Pearson has said it will spend 150 million pounds ($226 million) on reorganizing this year to accelerate its education business’s move to fast-growing regions and digital services. In February, the company forecast that 2013 operating profit will by “broadly level” with 2012 before restructuring costs and including the Penguin book unit for the full year.
Doug Kubach will head the school division, Tim Bozik higher education and John Ridding professional. North America will be run by Don Kilburn, growth markets by Tamara Minick-Scokalo and core markets by Rod Bristow.
Will Ethridge will step down from his role as chief of Pearson North America at the end of this year.
Kristen Schweizer in London at email@example.com.