UK publisher Pearson chief executive Marjorie Scardino to step down

By: The Associated Press Posted: Last Modified:

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LONDON - Pearson PLC, the U.K. publisher and education company, said Wednesday that chief executive Marjorie Scardino has decided to step down.

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Hey there, time traveller!
This article was published 03/10/2012 (5113 days ago), so information in it may no longer be current.

LONDON – Pearson PLC, the U.K. publisher and education company, said Wednesday that chief executive Marjorie Scardino has decided to step down.

Scardino, aged 65, has been chief executive since 1997 — managing the company through a time of significant change in the media world. She led Pearson’s transformation from a diverse conglomerate to a “learning company” and helped raise its profile in the United States.

The publisher of the Financial Times and Penguin Group books said Wednesday it expects more than half its revenues to come from digital and services businesses for the first time this year. Pearson has focused extensive resources on education under Scardino’s watch.

Marjorie Scardino, Chief Executive of Pearson PLC is shown in an undated photo. THE CANADIAN PRESS/AP, Financial Times
Marjorie Scardino, Chief Executive of Pearson PLC is shown in an undated photo. THE CANADIAN PRESS/AP, Financial Times

A former partner in a Savannah, Georgia law firm, Scardino and her husband founded The Georgia Gazette newspaper, a Pulitzer Prize winner in 1984. She is a native of the United States with Texas roots who became chief executive of the Economist Group before joining Pearson.

She will be replaced on Jan. 1, 2013 by John Fallon, who has been responsible for education businesses in markets like China, India, Brazil and southern Africa, which Pearson says are fundamental to growth.

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LONDON - Pearson PLC, the U.K. publisher and education company, said Wednesday that chief executive Marjorie Scardino has decided to step down.

Scardino, aged 65, has been chief executive since 1997 — managing the company through a time of significant change in the media world. She led Pearson's transformation from a diverse conglomerate to a "learning company" and helped raise its profile in the United States.

The publisher of the Financial Times and Penguin Group books said Wednesday it expects more than half its revenues to come from digital and services businesses for the first time this year. Pearson has focused extensive resources on education under Scardino's watch.

A former partner in a Savannah, Georgia law firm, Scardino and her husband founded The Georgia Gazette newspaper, a Pulitzer Prize winner in 1984. She is a native of the United States with Texas roots who became chief executive of the Economist Group before joining Pearson.

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