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Pearson chief executive to step down

Associated Press
Pearson chief executive to step down

This undated image made available by NewsCast shows Pearson chief executive Marjorie Scardino in London. Pearson PLC, the U.K. publisher and education company, said Wednesday Oct. 3, 2012 that chief executive Marjorie Scardino has decided to step down. Scardino, aged 65, has been chief executive since 1997 — managing the company through a time of significant change in the media world. She led Pearson's transformation from a diverse conglomerate to a "learning company" and helped raise its profile in the United States. The publisher of the Financial Times and Penguin Group books said Wednesday it expects more than half its revenues to come from digital and services businesses for the first time this year. (AP Photo/NewsCast. HO)

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