Pearson Forecasts Earnings Growth, Names Williams as CFO
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Pearson Plc, the publisher of the Financial Times, forecast that earnings may rise as much as 20 percent in 2015, signaling that its reorganization over the past few years is starting to pay off, and named Coram Williams finance chief.
Williams, who is currently chief financial officer of joint venture Penguin Random House, will replace Robin Freestone as of Aug.1, the London-based company said. Adjusted earnings per share were 66.7 pence in 2014, compared with earlier guidance of 66 pence, and will advance to a range of 75 pence to 80 pence this year as previously forecast, the company said in a statement Friday.