Pearson CEO Outlines Restructuring Plan


Pearson CEO Outlines Restructuring Plan

May 27, 2013

ALL BETS DIGITAL: With Pearson's latest earnings forecast looking a bit grim, the publisher is betting on digital services and products to make up for declining sales from traditional publishing. The Wall Street Journal has details on Pearson CEO John Fallon's $225 million plan to "refocus the business on digital services and emerging markets." The publisher will restructure its operations into three groups around education stages--School (K-12), Higher Education, and Professional--and another three focused on different geographic markets--North America, Core (U.K.) , and Growth (China, Latin America). Along with this shakeup comes personnel reshuffling, with Will Ethridge, current head of North American operations (and a candidate for the top job when previous CEO Scardino left) stepping down.

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