Pearson Announces Omid Kordestani as Non-Executive Chair Designate and
Tim Score as Deputy Chair Designate
LONDON - 16 December, 2021: Pearson plc today announces the appointments of Omid Kordestani as a Non-Executive Director and Chair Designate and Tim Score, Senior Independent Director, as Deputy Chair Designate. Omid will join the Board from 1 March 2022 succeeding Sidney Taurel as Non-Executive Chair upon conclusion of the company's AGM in April 2022. Tim will also take on the role of Deputy Chair upon conclusion of the AGM.
Omid brings significant experience of leading and advising some of the world's best-known consumer technology brands, which will further Pearson's ambition to accelerate its digital, lifelong learning strategy. Over his 30 years in Silicon Valley, Omid has played key roles in the growth and success of internet pioneers Netscape, Google and Twitter.
Most recently, Omid spent five years as the Executive Chair of Twitter, Inc. and continues to sit on its Board. Prior to that, Omid was SVP and Chief Business Officer at Google, where he also served as a senior advisor to the CEO and founders during the transition to Alphabet, Inc. He serves on the Boards of Klarna Bank and Klarna Holding, and is an Executive Council member at Balderton Capital, which backs early-stage companies in Europe.
Pearson re-affirms it remains on track to deliver adjusted operating profit for full year 2021 in line with market expectations.
Omid Kordestani said: "I believe Pearson has a tremendous opportunity to help everybody achieve a lifetime of learning. I'm excited to combine my background leading tech businesses with Pearson's strong sense of purpose in my role as the new Non-Executive Chair. Together with Tim and the Board, I look forward to forming a strong partnership with Andy and his leadership team to help capture the company's enormous growth potential, and to capitalise on the significant opportunities in digital learning."
Tim Score, Pearson's Senior Independent Director and incoming Deputy Chair, said: "I am delighted that Omid will be joining as Chair. His deep tech know-how will serve us well as we enter the company's next phase of growth. In a thorough and comprehensive process, the Board was unanimous in its choice to appoint Omid and we look forward to welcoming him to the team. In addition, I look forward to building a strong partnership with Omid in my role as Deputy Chair.
On behalf of the Board, I would like to thank Sidney for his outstanding contribution as Chair of Pearson over the last six years. His leadership, judgement and unstinting dedication have been integral to transforming Pearson to become a more focused, digital learning company. We wish him all the very best for the future when he steps down from the Board in April next year."
Sidney Taurel, Pearson's Chair, said: "It has been a privilege to serve as Chair and to oversee Pearson's transformation over the past six years. I am confident that this great company is well positioned to succeed. I am delighted to welcome Omid as my successor as he joins the Board at a very exciting time, congratulate Tim upon his elevation as Deputy Chair, and wish both of them and the whole company every success going forward."
Andy Bird, Chief Executive, said: "Omid has been a driving force behind the growth of a number of world-changing tech companies. I am thrilled that he will now be bringing that expertise to Pearson, enhancing our strategic direction and growth potential. We are seeing good momentum in the business and are on track to meet market expectations for the year. Omid will help propel our strategy forward for the benefit of all stakeholders.
I am also delighted that Tim will support Omid as Deputy Chair given his wealth of experience in UK plc. Together they will be a formidable team."
Biography of Omid Kordestani
Omid Kordestani is an international businessman who serves on the boards of Twitter, Inc., Klarna Bank AB and Klarna Holding AB and is a Council Member for Balderton Capital. He was Executive Chairman of Twitter, Inc between October 2015 and May 2020. From August 2014 to August 2015, Mr Kordestani served as Senior Vice President and Chief Business Officer at Google and previously from May 1999 to April 2009 as Senior Vice President of Global Sales and Business Development. From 1995 to 1999, Mr Kordestani served as Vice President of Business Development at Netscape Communications Corporation. Prior to joining Netscape Communications Corporation, Mr Kordestani held positions in business development, product management and marketing at The 3DO Company, Go Corporation and Hewlett-Packard Company. Mr Kordestani holds a B.S. in Electrical Engineering from San Jose State University and an M.B.A. from Stanford University.
Biography of Tim Score
Tim is Senior Independent Director, Chair of the Audit Committee and Member of the Nomination & Governance and Remuneration Committees at Pearson. He has extensive experience of the technology sector in both developed and emerging markets, having served as Chief Financial Officer of ARM Holdings plc, the world's leading semiconductor IP company, for 13 years. He is Chair of The British Land Company plc and a Non-Executive Director of Bridgepoint Group. He served on the board of National Express Group plc from 2005 to 2014, including time as interim Chairman and six years as the Senior Independent Director. He is an independent director of the Football Association and sits on the board of trustees of the Royal National Theatre.
There is no further information to be declared in accordance with LR 9.6.13.
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