Pearson plc today announces that Coram Williams, Group Chief Financial Officer (CFO), has informed the Board he will be leaving the company to take on a comparable role at a company based in Continental Europe. Sally Johnson, Deputy Chief Financial Officer of Pearson, will succeed Coram Williams as Chief Financial Officer on his departure. On her appointment, Sally will become an Executive Director on the Pearson Board.

Coram will step down from his position and from the Board later this year, allowing sufficient time to ensure a smooth and orderly transition to his successor.

Sally joined Pearson in 2000 and was appointed Deputy Chief Financial Officer in 2017 with responsibility for Capital Management, Financial Planning, Group Treasury and Tax. Prior to this Sally held a number of senior financial roles within Pearson, including Senior Vice President Finance of the Core business and Regional Head of Finance International. Prior to this Sally was Finance and Operations Director at Dorling Kindersley and has also held a number of finance positions at Penguin UK.

Sidney Taurel, Chair of Pearson, said:

"Sally is exceptionally well qualified to be the new CFO of Pearson. She has a deep understanding of the company and the markets we operate in and will be a strong addition to the Board bringing a focused analytical and commercial perspective. On behalf of the Board, I would like to thank Coram for his significant contribution to Pearson. He has played a fundamental role of the Company's achievements over the last five years. We wish him all the best in his new role."

John Fallon, Chief Executive of Pearson, said:

"Sally will be a tremendous addition to the senior leadership team and the Pearson board. Her knowledge of the company and deep experience in complex operational and corporate finance roles has given her the skills and vision necessary to help steer Pearson through the next phase of its evolution. 

The appointment of Sally is the result of Coram's successful efforts to build a strong finance function while helping to lead the group's overall transformation, transition to digital and path to a strong financial position. Coram's leadership, integrity, commitment and temperament make him a great colleague. We wish him every success in his new role."

Coram Williams, Chief Financial Officer of Pearson, said:

"Pearson is a special company, blending market leading positions with a wider social purpose and unique culture. I've loved my time working here, and I am proud of the progress the company has made over the last few years. Pearson is in a strong financial position and we have laid the foundations to achieve future long term sustainable growth. I am now looking forward to ensuring a seamless transition to my successor, Sally Johnson, and I am confident of Sally's ability to lead Pearson through the next phase."

Sally Johnson has no details to disclose under Listing Rule 9.6.13.

Ends

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