SCHL - Scholastic CEO M. Richard Robinson Jr. dies unexpectedly

Scholastic (SCHL) announces that M. Richard Robinson, Jr. the company's Chairman and CEO passed away unexpectedly. 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 company said. He was a longtime head of Scholastic and shaped the reading habits of millions of young readers through such bestsellers as J.K. Rowling's “Harry Potter” novels and through a wide range of educational materials, reading clubs and book fairs.James Barge, Scholastic's lead independent director, will work with Iole Lucchese, EVP, Chief Strategy Officer; Andrew Hedden, EVP, General Counsel and Secretary; and Kenneth Cleary, CFO 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.

For further details see:

Scholastic CEO M. Richard Robinson, Jr. dies unexpectedly