NEW YORK, June 6, 2021 /PRNewswire/ -- Scholastic
Corporation (NASDAQ: SCHL), the global children's publishing,
education and media company, today announced that M. Richard Robinson, Jr. the Company's Chairman and
CEO passed away yesterday unexpectedly. Mr. Robinson, 84
years old, had been in excellent health and had been overseeing
Scholastic's long-term strategic direction and day-to-day
operations for the better part of five decades.
The Board of Directors issued the following statement: "We are
deeply saddened by the sudden passing of Dick Robinson. Dick was a true visionary in the
world of children's books and an unrelenting advocate for
children's literacy and education with a remarkable passion his
entire life. The Company's directors and employees, as well
as the many educators, parents and students whose lives he touched,
mourn his loss."
Under a pre-authorized framework for the continued success of
the Company, James Barge,
Scholastic's lead independent director, will work with Iole Lucchese, Executive Vice President, Chief
Strategy Officer; Andrew S. Hedden,
Executive Vice President, General Counsel and Secretary; and
Kenneth Cleary, Chief Financial
Officer to ensure that all day-to-day operations continue without
interruption.
The Company's Class A shareholders and the Company's board of
directors will be meeting independently to determine the best
course for the Company's direction, including the appointment of an
interim operating head.
About Scholastic
For 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
15 international operations and exports to 165 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.
SCHL: Financial
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SOURCE Scholastic Corporation