22nd Apr 2021 17:02
(Alliance News) -Â Educational publisher Pearson PLC on Thursday said Sidney Taurel plans to step down as chair as the company readies its "next chapter".
Taurel intends to step down from the board in due course, the FTSE 100 constituent said, no later than the 2022 annual general meeting.
"It's long been my intention that, with a new chief executive firmly in place and with strong foundations from which Pearson can grow, I would plan to step down from the board. The Nomination & Governance Committee will establish a process, led by the senior independent director, to identify and appoint my successor." he said.
"Pearson has made good progress over the past few years in transforming to become a more focused, digital learning company," said Taurel. "In Andy Bird we have a new chief executive with a clear and exciting vision for the future, supported by a refreshed board and a strengthened senior management team...I believe this year is the right time to conduct a search for a new chair for Pearson's next chapter."
Pearson added that it has appointed Annette Thomas as a non-executive director, effective from October 1. She is currently CEO of Guardian Media Group, a position she has held since March last year.
"I am relishing the opportunity to join the board at Pearson, particularly given my background in media, education and the broader world of learning," Thomas said.
Shares in Pearson closed up 0.5% at 794.00 pence in London on Thursday.
By Lucy Heming;Â [email protected]
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