At Scholastic: Peter Warwick New President, CEO; Iole Lucchese Becomes Chair
Peter Warwick, who has been an independent director at Scholastic since 2014, has been named president and CEO of the company, effective August 1. He assumes the roles and responsibilities of the late M. Richard (Dick) Robinson, Jr., who died on June 5.
The Scholastic board stated: "Peter will be only the third CEO in Scholastic's rich 100-year history, and he has proven himself exceptionally qualified to take on that role. During his tenure as a member of the board, Peter has been an effective and creative leader and advocate for Scholastic. His prior career as the chief executive officer of significant business units within Thomson Reuters and Pearson provides Peter with the requisite experience and insights to deliver strong growth and financial performance at Scholastic. Under Peter's leadership, our collection of great businesses, unparalleled content, and remarkable people will continue and grow in strength to serve our customers, shareholders and other stakeholders."
Warwick said, "It is an honor to accept the position of CEO at one of the premier publishing houses in the world, and to lead our dedicated and exceptionally talented management team and employees. Dick Robinson built Scholastic into the most admired global children's book and education business. His devotion to children's literacy, education, and journalistic integrity was so profound it is ingrained in the culture of the company. I am deeply committed to continuing to embrace these same principles going forward and build upon the core Scholastic mission while creating value for all of our stakeholders. As a board member for the last seven years, I have been part of the decisions that have built a powerful business platform and enhanced our beloved brand. We will grow our business by continuing to create new and exciting content, developing educational programs in print and digital formats, and further strengthening our partnerships with children, parents and educators around the world."
In related moves, two new members have been appointed to the board. Iole Lucchese, Scholastic's executive v-p, chief strategy officer and president, Scholastic Entertainment, is filling the seat previously held by Dick Robinson and has been named chair of the board. She has been with the company for 30 years, starting her career with Scholastic Canada and rising to the leadership of Scholastic Canada before moving to Scholastic headquarters in New York City.
The company said that Lucchese has "a strong track record of instigating effective change, including the significant expansion of the book publishing and distribution group in Canada, the expansion of the company's digital activities, and her responsibility for the renewal of its media activities, strengthening the 'Scholastic' brand through bringing Scholastic's highly engaging content to audiences in new formats."
Robert Dumont has been elected a director, as designee of the Robinson family. He is the principal at Robert Dumont PLLC, a New York boutique law firm specializing in tax and estate planning for international private clients. Dumont fills the seat held by Andrew Hedden, who served for 30 years on the board and resigned for this purpose. Hedden continues to serve as Scholastic's executive v-p, general counsel and secretary. James W. Barge continues to serve as lead independent director.