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Pearson Shakes Up Management Amid Restructure

Education publisher Pearson PLC (PSON.LN) said Thursday it will restructure its top management to focus on core educational categories and geographies as part of new Chief Executive John Fallon's GBP150 million reorganization of the business.The changes will see the departure of Will Ethridge, a 15-year veteran of the business, who will step down as chief executive of Pearson's North America division at the end of the year.The shake-up comes three months after Pearson reported a slump in profits after closing a U.K. business and warning of tough market conditions and structural industry change.At the time Mr. Fallon, who took up his post in January, outlined plans to aggressively focus on digital publishing and educational services as demand for hard-copy textbooks declines, and on lucrative emerging markets where the shift to digital is fast and under-penetrated.Pearson last year agreed to hive off its book publishing business Penguin into a joint venture with Random House, leaving it...

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