26th Oct 2015 12:08
LONDON (Alliance News) - Pearson PLC said Monday that Sidney Taurel, the former Chief Executive Officer and Chairman of American pharmaceutical company Eli Lilly and Co, will take over as its chairman from the beginning of 2016.
Taurel will succeed Glen Moreno, who will step down at the end of 2015 after more than a decade as Pearson's chairman.
"Glen has been a great guide and support to me as we tackle cyclical issues in some of our markets and plan for the next phase of Pearson's growth. Glen has helped us transform Pearson over the past decade, and we wish him every success in the future," said Chief Executive of Pearson John Fallon in a statement.
"Sidney knows global markets well, particularly North America having lead a large, complex business through a period of great change. He shares Pearson's values and sense of purpose, and I look forward to working with him," Fallon added.
Shares in Pearson were flat at 900.26 pence Monday afternoon.
By Hana Stewart-Smith; [email protected]; @HanaSSAllNews
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