- Push-out Score determined
- After almost seven years in the position
- Praise and thanks for Fallon
- Search for a successor
- Fallon spoke at length and said 172 words
(exechange) — London, United Kingdom, December 18, 2019 — John Fallon, chief executive of Pearson, leaves. As announced by Pearson Plc in a news release on Wednesday, December 18, 2019, John Fallon leaves his post as Chief Executive Officer at the British multinational publishing and education company after almost seven years in the role.
To ensure an orderly transition, John Fallon will retire in 2020 once a successor has been appointed.
Pearson will undertake a search for a successor.
John Fallon’s departure from the CEO post is explained as follows. John Fallon said: “We’re now at the stage where it’s time to transition to a new leader, who can bring a fresh perspective.”
Precise information regarding John Fallon’s future plans was not immediately available.
Pearson said: “John Fallon has informed the Board of his intention to retire from his role as Chief Executive.”
Share price decline
The announcement follows a decline in Pearson Plc’s share price of 55% since January 2013.
Chaired by Sidney Taurel
Pearson Plc is chaired by Sidney Taurel.
In the position of CEO since 2013
John Fallon became CEO of the Company in 2013.
John Fallon became Pearson’s Chief Executive on January 1, 2013.
Since 2008, he had been responsible for the company’s education businesses outside North America and a member of the Pearson management committee.
He joined Pearson in 1997 as director of communications and was appointed president of Pearson Inc. in 2000.
In 2003, he was appointed CEO of Pearson’s educational publishing businesses for Europe, Middle East & Africa.
Prior to joining Pearson, John Fallon was director of corporate affairs at Powergen plc and was also a member of the company’s executive committee.
Earlier in his career, John Fallon held senior public policy and communications roles in UK local government.
John Fallon is also the president of the London Chamber of Commerce and Industry (LCCI).
Push-out Score determined
The Push-out Score™ determined by exechange gauges the pressure surrounding the management change on a scale of 0 to 10.
exechange reached out to Pearson and offered the company the opportunity to comment on the score.
Read the full story in the exechange report 51.2019 ($).