Pearson announces that Dennis Stevenson intends to retire later this year after eight years as chairman. A committee of the board, headed by the senior independent director, Terry Burns, is choosing his successor.
Dennis Stevenson said: "The board and I have naturally been discussing plans for my succession for some time, and this is a good moment to formalise the process. Pearson is in excellent shape, looking forward to some very good years under a strong executive team led by Marjorie. I am looking forward to my 60th birthday later this year, and planning some new projects outside the plc world."
Dennis Stevenson joined the board of Pearson in 1986 as a non-executive director and became chairman in May 1997.
Luke Swanson / Charlotte Elston + 44 (0) 20 7010 2310 / 44 (0) 7730 546 821