Business
Peter Warwick Named Chief Executive Officer Of Scholastic Corporation
Iole Lucchese and Robert Dumont Join Scholastic's Board of Directors NEW YORK, July 19, 2021 /PRNewswire/ -- The Board of Directors of Scholastic Corporation
About this update from Scholastic Corporation
[{"type":"text","content":"Iole Lucchese and Robert Dumont Join Scholastic's Board of Directors\n\n\nNEW YORK, July 19, 2021 /PRNewswire/ -- The Board of Directors of Scholastic Corporation (NASDAQ: SCHL) announced today that Peter Warwick has been named President and Chief Executive Officer of the global children's publishing, education and media company, effective August 1, 2021. Mr. Warwick, 69, who has served as an independent director on the Company's Board since 2014, assumes the lead operating roles and responsibilities of the late M. Richard (Dick) Robinson, Jr., who passed away in early June. In Mr. Warwick's new role as CEO, he will be responsible for Scholastic's business strategy and overseeing all business segments and corporate functions. \n\n \n \n \n \n \n \n\n \n\"It is an honor to accept the position of CEO at one of the premier publishing houses in the world, and to lead our dedicated and exceptionally talented management team and employees,\" Mr. Warwick said. \"Dick Robinson built Scholastic into the most admired global children's book and education business. His devotion to children's literacy, education, and journalistic integrity was so profound it is ingrained in the culture of the Company. I am deeply committed to continuing to embrace these same principles going forward and build upon the core Scholastic mission while creating value for all of our stakeholders. As a Board member for the last seven years, I have been part of the decisions that have built a powerful business platform and enhanced our beloved brand. We will grow our business by continuing to create new and exciting content, developing educational programs in print and digital formats, and further strengthening our partnerships with children, parents and educators around the world.\"\nThe Board of Directors issued the following statement: \"Peter will be only the third CEO in Scholastic's rich 100-year history, and he has proven himself exceptionally qualified to take on that role. During his tenure as a member of the Board, Peter has been an effective and creative leader and advocate for Scholastic. His prior career as the chief executive officer of significant business units within Thomson Reuters and Pearson provides Peter with the requisite experience and insights to deliver strong growth and financial performance at Scholastic. Under Peter's leadership, our col...