Pearson announces that Glen Moreno intends to step down from the board in the next twelve months, after more than nine years as Chairman. A committee of the board, headed by the senior independent director, Vivienne Cox, will select his successor.
Glen Moreno said:
"The board and I have naturally been working on chair succession planning for several months now, and this is a good moment to formalise the process. I’ve had a hugely interesting challenging and enjoyable time at Pearson, and I’m proud of what my colleagues have accomplished over the past decade.
“Pearson is in excellent shape, looking forward to some very good years under a strong executive team led by John Fallon."
Glen Moreno was appointed Chairman in October 2005.
Pearson chief executive John Fallon said:
"On behalf of everyone at Pearson, including our shareholders, I'd like to thank Glen for the role he has played in our progress over the last decade. He has been a great guide, support and challenge to me as we’ve set about building the next phase of Pearson's growth, as a company completely focused on empowering far more people to progress in their lives through learning."
Pearson also announces that Sir David Arculus and Ken Hydon will step down from the Pearson board at today’s Annual General Meeting. Both joined the Pearson board in 2006. Elizabeth Corley and Tim Score have been appointed to the board in the past twelve months, and succeed David and Ken as Chairs of the Remuneration and Audit committees respectively.
Glen Moreno said:
“Sir David Arculus and Ken Hydon have both served Pearson’s shareholders with great distinction during a long period of sustained growth and transformation. On behalf of the Board and shareholders, I thank them both for their commitment and passion for education.
“Following the appointments of Elizabeth Corley and Tim Score to our Board over the past twelve months, we thank David and Ken for ensuring a smooth transition and we wish them well in their future careers.”
For more information
Simon Mays-Smith / Brendan O’Grady + 44 (0)207 010 2310
Biographies of all Pearson directors are available at https://www.pearson.com/about-us/board-of-directors.html.