Powered by

Swedish hedge fund aims at major Pearson shake-up

Jun 12, 2020 - The Evening Standard (London)
Board and Executive Moves

RUTHLESS hedge fund Cevian Capital today took a stake in Pearson in a bid to shake up the education publisher.

The Swedish firm - renowned for targeting firms with weak profitability and complex structures - will use its 5.4% holding to seek a seat on the board and influence who becomes its new chief executive after John Fallon leaves.

Fallon said he would step down in December once a replacement had been found but as yet no one has been hired.

Cevian's managing partner Christe...