Pearson plc, the international media company, announces today that Greg Dyke will step down from the board of Pearson plc and his position as chief executive of Pearson Television in the autumn, before taking up his new role as director general of the BBC.
In the meantime, Marjorie Scardino, chief executive of Pearson plc will, as of today, take on the role of chairman of Pearson Television. She will oversee the management succession and, to avoid any suggestion of a potential conflict of interest, handle any dealings Pearson TV has with the BBC until Mr Dyke leaves the company. Mr Dyke's successor will be announced in the near future.
Marjorie Scardino, chief executive of Pearson plc, said:
"This is a great loss to Pearson, but everyone here is thrilled for Greg. The BBC has landed itself a first-class director general. Greg is an original and talented television executive, with real creative and commercial flair and an appreciation for what it takes to make an organisation work.
"With Greg's leadership, Pearson Television is now firmly established as the world's leading independent television production company. Our shows continue to attract good ratings and we have a whole generation of new programmes and formats coming through. Greg has built a strong management team and a company full of highly talented and able people. He leaves the business in fine shape for the future."
Pearson Television is the world's leading independent international television producer, with over 140 programmes in production in more than 30 countries around the world. It owns the largest selection of game show formats in the world, is the largest producer of serial dramas and makes a wide range of entertainment programmes and situation comedies.
Pearson Television also has US syndication, international distribution and UK transmission businesses and owns a 24% stake in the UK's Channel 5 and 20% stakes in UKTV in Australia and M-RTL in Hungary.
In 1998, Pearson Television made operating profits of £61m on sales of £343m.
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