NEW
YORK, Jan. 8, 2024 /PRNewswire/ -- Scholastic
(NASDAQ: SCHL), the global children's publishing, education and
media company, today announced that Haji Glover has been named
Scholastic's Executive Vice President & Chief Financial
Officer, effective January 22, 2024.
Succeeding current CFO Ken Cleary,
who will fully transition to his new role as President of
International, Mr. Glover will lead Scholastic's global finance
organization, overseeing all financial functions, including
financial reporting, planning and analysis, controllership, tax and
treasury. He will be focused on facilitating growth across
Scholastic's leading businesses while supporting Scholastic's
long-term strategy and capital allocation priorities. Mr. Glover
will be a member of the executive committee and report to
Scholastic President and CEO Peter
Warwick in New York.
Peter Warwick, President and
Chief Executive Officer, said, "After completing a robust search
process, we are pleased to appoint Haji Glover as Scholastic's next
CFO and key partner to me and the leadership team as we realize
this company's substantial long-term growth opportunity. Haji's
broad experience and proven track-record as a forward-looking,
growth-oriented finance leader will be instrumental in driving
growth and financial performance. As someone who knows Scholastic
well, Haji is well positioned to drive change and impact here,
using his experience and perspective. We are excited to welcome
Haji back to Scholastic.
"I would also like to thank Ken
Cleary for his many years of contribution and leadership of
Scholastic's finance organization," Mr. Warwick continued.
"We look forward to Ken's continued success as President of
International, applying his deep knowledge of Scholastic's domestic
and international businesses."
Mr. Glover added, "I am thrilled to rejoin Scholastic in this
new role at such an important moment in the company's history.
Scholastic is in the midst of an exciting transformation that is a
testament to Peter and the team's commitment to delivering results
and shareholder value, while continuing to invest in the future of
the company. I look forward to partnering with this talented
leadership team to help plan and execute this multi-year journey,
building on Scholastic's strong position for years to come."
Mr. Glover brings over 27 years of financial planning, analysis
and corporate finance experience to Scholastic. Most
recently, he served as the Director of Finance at Amazon, where he
was responsible for leading the finance organization supporting the
People Experience and Technology (PXT) division. Prior to joining
Amazon, Mr. Glover held the role of Senior Vice President of
Corporate Finance at Scholastic from 2020 to 2022, where he oversaw
the corporate finance organization. From 2000 to 2020, Mr. Glover
held various finance leadership roles at Lockheed Martin, Ford
Motor Company, Honeywell International and Alvogen Group. Mr.
Glover is a graduate of Lehigh
University and holds a Master of Business Administration
from Binghamton University.
About Scholastic
For more than 100 years, Scholastic Corporation (NASDAQ: SCHL)
has been encouraging the personal and intellectual growth of all
children, beginning with literacy. Having earned a reputation as a
trusted partner to educators and families, Scholastic is the
world's largest publisher and distributor of children's books, a
leading provider of literacy curriculum, professional services, and
classroom magazines, and a producer of educational and entertaining
children's media. The Company creates and distributes bestselling
books and e-books, print and technology-based learning programs for
pre-K to grade 12, and other products and services that support
children's learning and literacy, both in school and at home. With
international operations and exports in more than 135 countries,
Scholastic makes quality, affordable books available to all
children around the world through school-based book clubs and book
fairs, classroom libraries, school and public libraries, retail,
and online. Learn more at www.scholastic.com.
Forward-Looking Statements
This news release contains certain forward-looking statements
relating to future periods. Such forward-looking statements are
subject to various risks and uncertainties, including the
conditions of the children's book and educational materials markets
generally and acceptance of the Company's products within those
markets, and other risks and factors identified from time to time
in the Company's filings with the Securities and Exchange
Commission. Actual results could differ materially from those
currently anticipated.
SCHL: Financial
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SOURCE Scholastic Corporation