Pearson chief executive to step down after 16 years at the top
October 4, 2012, 11:33 am TWN
LONDON -- British publisher Pearson, owner of the Financial Times newspaper, said Wednesday that Chief Executive Marjorie Scardino will step down later this year, ending her 16-year tenure.
"Marjorie Scardino has decided to step down as Pearson's chief executive at the end of 2012," the group said in a statement.
"John Fallon will succeed her as chief executive on 1 January 2013, and joins the Pearson board with immediate effect."