Scholastic (NASDAQ: SCHL) has recently appointed Jeffrey Mathews as the Chief Growth Officer and Executive Vice President. Mathews, who rejoined the company two years ago, will be responsible for refining and implementing Scholastic’s long-term growth strategy in partnership with leaders across the business. He brings more than 30 years of experience in strategy, M&A, and investor relations to the role.
Mr. Mathews, in his previous role as Executive Vice President of Corporate Development and Investor Relations, played a pivotal role in creating and implementing Scholastic’s strategy to unlock the potential of its brand, content, and channels, and the company is already making substantial progress toward its goals of creating long-term value and impact.
Scholastic’s President and CEO, Peter Warwick, expressed his confidence in Mathews, stating that his deep industry and investor perspectives, along with his commitment to the company's mission and people, have been invaluable in reorienting the company toward growth. Mr. Mathews will also continue to lead the company’s corporate development and investor relations functions, as well as Scholastic’s cross-company corporate sustainability and impact program.
Mr. Mathews expressed his excitement about the opportunity to move from strategy to execution, particularly given Scholastic’s unmatched strengths and purpose. He highlighted the pressing need for trusted books, media, and learning materials that entertain, engage, and educate kids, emphasizing Scholastic’s unique position to meet this need.
Following these announcements, the company's shares moved -1.5%, and are now trading at a price of $29.82. If you want to know more, read the company's complete 8-K report here.
