Business
Scholastic Announces Plans to Strategically Combine School Book Fairs and Book Clubs Divisions
Integrated school reading events business to launch in June led by Sasha Quinton, currently Book Fairs President Former Book Clubs President Judy Newman named
About this update from Scholastic Corporation
[{"type":"text","content":"Integrated school reading events business to launch in June led by Sasha Quinton, currently Book Fairs President\nFormer Book Clubs President Judy Newman named Company's first Chief Impact Officer, leading partnerships to expand access to books and literacy\nNEW YORK, April 3, 2023 /PRNewswire/ -- Scholastic (NASDAQ: SCHL), the global children's publishing, education and media company, today announced plans to combine its market-leading U.S. Book Fairs and Book Clubs divisions into an integrated school reading events business. The transition process is expected to be completed and the new organization launched by June, in advance of the 2023/2024 school year. \n\n \n \n \n \n \n \n\n \nPeter Warwick, President and Chief Executive Officer, said, \"For generations, Scholastic Book Fairs and Book Clubs have earned the trust of educators and the privilege of bringing the joy of reading directly to children in schools and classrooms across the U.S. Today, these highly differentiated, uniquely Scholastic businesses have significant overlap and synergies in their customers and operations. By integrating both Clubs and Fairs into a single, aligned organization, we're excited about the multiple opportunities to expand Scholastic's impact, serve our customers better and improve efficiencies.\"\nAs part of the current, growth-focused reorganization, Sasha Quinton, President of Scholastic Book Fairs, will lead the integrated school reading events division upon launch. Under Ms. Quinton's leadership since 2020, Book Fairs have achieved impressive growth and profitability, by successfully innovating and delivering on the singular value proposition of Scholastic's school reading events – highly engaging, quality books that kids love to read, delivered through compelling, reading-focused experiences for schools, families and communities. Together, these attributes strongly underpin the Company's growth potential.\nTo further accelerate Scholastic's long-term growth and impact, Judy Newman, previously President of Scholastic Book Clubs, has been named the Company's first Chief Impact Officer. In this role, she will lead Scholastic's efforts to increase access to books and literacy through partnerships with non-profit and other organizations that expand Scholastic's school reading events to new communities, schools and families. During her 30 yea...