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Glen Moreno to step down as Pearson chairman

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Staff writer | London, United Kingdom | April 27, 2015
Glen MorenoApril 27, 2015, London, United Kingdom - Pearson, an education company, announces that Glen Moreno intends to step down from the board in the next twelve months, after more than nine years as chairman.
Mr. Moreno has more than four decades of experience in business and finance, and is currently non-executive director and chairman designate of Virgin Money Holdings (UK) plc and non-executive director of Fidelity International Limited. He is also a senior adviser to HSBC and chairman of the Global Leadership and Technology Exchange leadership board.

Previously, he was deputy chairman of The Financial Reporting Council Limited in the UK, deputy chairman and senior independent director at Lloyds Banking Group plc, senior independent director of Man Group plc and acting chairman of UK Financial Investments Limited, the company set up by HM Treasury to manage the government’s shareholdings in UK banks.

Pearson also announces that Sir David Arculus and Ken Hydon will stepped down from the Pearson board. Both joined the Pearson board in 2006.

Elizabeth Corley and Tim Score have been appointed to the board in the past twelve months, and succeed Sir David and Mr. Hydon as Chairs of the Remuneration and Audit committees respectively.

Ms. Corley is a globally respected leader in business and finance who is Chief Executive Officer of Allianz Global Investors, one of the world's leading investment organisations. Prior to joining Allianz in 2005, she spent eleven years working at Merrill Lynch Investment Managers.

Before this, she was consultant and then partner with Coopers & Lybrand, and earlier in her career she worked for a number of years in the Life & Pensions industry. She is a member of the European Securities and Markets Authority's stakeholder group, an Advisory Council member of TheCityUK Limited, and is a non-executive director on the UK Financial Reporting Council.

Ms. Corley is a member of the Committee of 200, an organization of the world's most successful women business leaders. Financial News named Ms. Corley Most Influential Woman in Asset Management in 2009, CEO of the Year in 2011 and Most Influential Person in Asset Management in 2012. She is a fellow of the Royal Society of Arts and is also an accomplished crime fiction author.

Mr. Score is Chief Financial Officer of ARM Holdings plc, the world’s leading semiconductor IP company – a position he has held for 12 years and from which he will be stepping down by Spring 2015. He is an experienced non-executive director and sits on the board of The British Land Company plc.

Mr. Score served on the board of National Express Group plc from 2005 – 2014, including time as Senior Independent Director and Interim Chairman.

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