Pearson shakes up group structure in drive for growth

Pearson, the FTSE 100-listed publishing and education firm, on Thursday announced plans to shake up its organisational structure in an effort to tap into new growth opportunities.

Pearson, the FTSE 100-listed publishing and education firm, on Thursday announced plans to shake up its organisational structure in an effort to tap into new growth opportunities.

The group will organise itself around three key lines of business - School, High Education and Professional - and three main geographies - North America, Growth and Core.

Pearson, which labels itself as the world's "leading learning company", said that the changes are "designed to accelerate [the] push into digital learning, education services and emerging markets, which the company views as significant growth opportunities."

The changes will kick in at the start of next year and the firm will report financial figures for each division and region separately.

"This new organisation structure flows directly from the strategy that we set out earlier this year. It is designed to make Pearson more digital, more services-oriented, more focused on emerging economies and more accountable for learning outcomes," said Chief Executive John Fallon.

"This is a significant change in the way we run the company that will take time and sustained commitment, but it is one we must make to be able to accelerate the execution of our global education strategy."

The company has named leaders of the new lines and geographies, all of which were presidents and chief executive officers (CEO) of existing divisions.

As part of the shake-up, Pearson North America's CEO Will Ethridge is to step down at the end of the year, while group Chief Technology Officer Genevieve Shore will assume the new role of Chief Product and Marketing Officer.

Recommended

Broker safety – your questions answered
Investment strategy

Broker safety – your questions answered

Cris Sholto Heaton answers more of your questions about the safety of stockbroker accounts
25 Mar 2020
How demographics affects stock valuations
Investment strategy

How demographics affects stock valuations

New research suggests that stock and bond valuations are driven by the age of the population – at least in the US.
24 Feb 2020
Do you own shares in Sirius Minerals? Here’s what you need to do now
Stocks and shares

Do you own shares in Sirius Minerals? Here’s what you need to do now

Mining giant Anglo American has proposed a cash takeover of Yorkshire-based minnow Sirius Minerals. Unhappy shareholders must decide whether to accept…
20 Feb 2020
Why investors should be “cautiously bullish” for 2020
Stockmarkets

Why investors should be “cautiously bullish” for 2020

Analysts have been out in force making rosy predictions for stockmarkets in 2020, but while there is certainly a case for optimism, investors should r…
17 Jan 2020

Most Popular

The rising dollar is proving bad news for most other assets – will it last?
Investment strategy

The rising dollar is proving bad news for most other assets – will it last?

Precious metals, stocks and pretty much every other asset has taken a tumble as the US dollar strengthens. Dominic Frisby looks at how long this trend…
23 Sep 2020
The electric-car bubble could get an awful lot bigger from here
Renewables

The electric-car bubble could get an awful lot bigger from here

The switch to electric cars is driving a huge investment bubble. But that’s not necessarily a bad thing, says John Stepek. Fortunes will be made and l…
24 Sep 2020
Why you should stuff your end-of-pandemic portfolio with Chinese stocks
China stockmarkets

Why you should stuff your end-of-pandemic portfolio with Chinese stocks

For an end-of-pandemic portfolio, you need assets that can cope with today’s volatility. And that, says Merryn Somerset Webb, means Chinese stocks.
14 Sep 2020