John Ridding has been appointed chief executive officer of the Financial Times Group, parent of the FT newspaper, succeeding Rona Fairhead who is leaving the company. Ridding is currently the CEO of the FT newspaper and will step into his new role effective Jan. 1.The announcement was made in a staff memo sent by John Fallon, the incoming chief executive of Pearson Plc, the company that publishes the pink-hued newspaper.Speculation has been swirling that Pearson, known largely for its education business, is looking to exit the newspaper industry - in part because Pearson CEO Marjorie Scardino is leaving the company.Scardino famously said that FT would be sold "over my dead body." In October, she announced that she is stepping down from her role as CEO.
Pearson plc, (Pearson) is an international media and education company with its principal operations in the education, business information and consumer publishing markets. Shares of PSO traded higher by 2.56% or $0.49/share to $19.60. In the past year, the shares have traded as low as $17.09 and as high as $20.48. On average, 156579 shares of PSO exchange hands on a given day and today's volume is recorded at 116657.
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