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Pearson CEO to Retire and company will sell remaining Penguin Random House stake
The London-based education publisher said Fallon will retire in 2020 once a successor has been appointed.
marketwatch.com
2:16 PM - 27 Dec 2019
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Pearson CEO to Retire and company will sell remaining Penguin Random House stake
By Adria Calatayud
Published: Dec 18, 2019 2:47 a.m. ET
https://www.marketwatch.com/story/pearson-ceo-to-retire-and-company-will-sell-remaining-penguin-random-house-stake-2019-12-18
https://archive.is/cHNu2
Pearson PLC said Wednesday that Chief Executive John Fallon plans to retire next year, and that it has agreed to sell its remaining 25% stake in Penguin Random House to Bertelsmann SE & Co. KGaA for $675 million.
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