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Stock impact report

UPDATE 1-Education group Pearson's chairman to retire by next year [Reuters]

Pearson, Plc (PSO) 
Company Research Source: Reuters
UPDATE 1-Education group Pearson's chairman to retire by next year By Reuters Staff 2 Min Read (Adds chairman comment, details on succession, background) April 22 (Reuters) - Pearson Plc said on Thursday Chairman Sidney Taurel intends to retire and step down from the board, weeks after its new chief executive laid out a new growth plan for the education group to directly target consumers. The London-listed company said Taurel would step down no later than its 2022 annual general meeting, adding that board member Tim Score would be leading the process to appoint Taurel’s successor. Taurel, 71, was appointed as Pearson’s chair in 2016 and is currently also on the board of U.S. tech firm International Business Machines Corp. His decades-long career spans several industries, including being the chief executive of drugmaker Eli Lilly and Co for 10 years until 2008. “With good initial progress being made on the execution of (Pearson’s new) strategy I believe this year is the right time to Show less Read more
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