Pearson appoints Walt Disney executive Bird as new CEO By Reuters

© Reuters. The logo of the Times Square Disney store is seen in Times Square, New York City,

LONDON (Reuters) – Global education publisher Pearson (L:) has appointed Andy Bird, a media veteran who ran the international arm of The Walt Disney Company (NYSE:), as its new chief executive to see it through the latest bout of turbulence to hit the company.

Pearson said Bird was due to start the new job on October 19, with current boss John Fallon remaining in the role until that date. He will then step down from the board and remain as an advisor until the end of the year.

The British company, the world’s biggest education publisher, has cut thousands of jobs and restructured over recent years to sell textbooks and courseware online, after a rapid move to digital sales sparked repeated profit warnings.

Earlier this year it became one of the few big companies to retain its dividend payout to shareholders, as the COVID-19 pandemic helped to accelerate the shift to digital learning as schools and colleges shut.

Bird is currently a non-executive director at Pearson and was appointed to the board on May 1.

“Because of (Bird’s) experience and skills, he is extremely well placed to continue the transformation of Pearson, leading it to a new era of growth and enhancing value for all our shareholders,” Chairman Sidney Taurel said.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

Source link

Show More

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button