By Kevin McCauley
Rona Fairhead, CEO of the Financial Times Group, is leaving the paper, according to an announcement from parent company, Pearson.
The move comes as Pearson CEO Marjorie Scardino plans her departure on Jan. 1, yielding the helm to John Fallon, who is expected to focus on the education properties.
Fairhead said the management transition “makes this a natural moment for me to make a change.”
She promises to “provide support to Pearson’s new leadership and transfer her responsibilities” when she formally steps down at the annual meeting in April.
Scardino said in a statement that Fairhead led “a fundamental restructuring and refocusing of the FT Group, including its successful development of digital businesses, and leaves a strong organisation with a bright future in a highly challenging industry.”
Fairhead’s exit heightens speculation that Pearson may sell the FT. Fallon, however, told the paper’s staffers last week that the property is not on the auction block.
FT has a combined print/digital circulation of 600K.
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