Pearson, the international media company, today announces that Stephen Hill, former chief executive of the Financial Times Group, is to leave the company.
In February, Stephen Hill stepped aside from his role as chief executive of the Financial Times Group in order to bid for FT Business, the financial magazines company. Pearson has today announced its decision to retain FT Business and Nick Crawshaw, managing director of FT Business, will now report to Olivier Fleurot, the FT’s managing director.
Marjorie Scardino, Pearson’s chief executive, said:
"Stephen has had a big role in transforming the FT from a UK newspaper with a small international following into a group that can claim to be the world’s most international source of business news and analysis, in print and online. In competitive terms the FT has never been stronger and Stephen deserves a large share of the credit for that."
Stephen Hill said:
"Pearson is a very fine company and the FT has a great future. But after 15 years, I just felt like I needed a different kind of challenge and I’m now looking forward to some new role which is just as engaging."
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