Tue, 09 Oct 2012 | DIVISION SALE
Rumours that the Financial Times newspaper could be put for sale have been sparked by the resignation of the Pearson group's chief executive.
Marjorie Scardino is to step down after 16 years in a move that has come earlier than expected. In doing so, Ms Scardino could clear the way for the Pearson group to sell the FT.
The chief executive, the first woman to hold such a position in a FTSE 100 company, had earlier stated that the paper would be sold “over my dead body”. Now that she has stepped aside, new chief executive John Fallon has taken the reigns and could bring in a new approach.
Speaking to Reuters, analyst Ian Whittaker at Liberum, commented: “Ms Scardino was a big fan of the FT and resisted attempts to sell the business. We see John Fallon as having no emotional commitment to the division.”
The news agency spoke to the incoming executive about his views on the FT: “I very much recognise and value the FT as an important and valuable part of the company.”
Mr Fallon will take up the position at the end of the year after 65-year-old Ms Sardino steps aside after transforming the conglomerate to nearly triple its revenues during her time in control.
The company is renowned for its unique, high-quality products, with its continued commitment to designing and manufacturing products to an exceptionally high standard ensuring that it stands apart from competitors and is firmly established as a leadi...
A CQC-accredited, family-owned healthcare provider offering medical, aesthetic, physiotherapy, and diagnostic services in London. With lucrative NHS contracts, including occupational health and international recruitment, and a sponsor licence, the bu...
LEASEHOLD
The company offers all-encompassing building engineering and support solutions, undertaking installations, planned preventative maintenance, and remedial and emergency works for heating, ventilation, electrical systems, plumbing, air conditioning and...
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.