John Fallon, who became chief executive in 2013, said that the business was much more efficient than when he took charge Times photographer Richard PohleThe boss of Pearson has resigned only three months after a severe profit warning cut the education publisher’s market value by a fifth. John Fallon, who has been chief executive since 2013, will step down next year when the FTSE 100 group hires a replacement. Mr Fallon, 57, said that Pearson had made “good progress” in managing the shift from print to digital learning and that the company was much “much more efficient” than when he succeeded Dame Marjorie Scardino. His departure will coincide with the £530 million sale of its remaining stake in Penguin Random House, the world’s largest book publisher. Under Mr Fallon’s reign, Pearson has grappled with the painful transition to digital…

Source: The Times December 18, 2019 09:02 UTC