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CORRECT: Pearson CFO To Step Down; Retains Guidance Despite Sales Fall

24th Oct 2014 06:17

(An item published at 0710 BST misstated the company name in the headline. The correct version follows.)

LONDON (Alliance News) - Publisher Pearson PLC Friday said Chief Financial Officer Robin Freestone will step down by the end of 2015 to explore other interests, as it eked out a 1% rise in sales in the first nine months of the year at constant currency rates.

In a statement, the company said it was retaining its full year guidance for adjusted earnings per share to come in between 62 pence and 67 pence in 2014, even though sales in the first nine months of the year were down 6% excluding Penguin and Mergermarket at actual exchange rates.

By Steve McGrath; [email protected]; @stevemcgrath1

Copyright 2014 Alliance News Limited. All Rights Reserved.


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