McGraw Hill, Inc. Announces CEO Succession Plan
Former Vimeo CEO, Google AI Executive Philip Moyer Named President and CEO
and Board Member Effective
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Moyer succeeds
“We are grateful for Simon’s outstanding leadership and the strong foundation he built for McGraw Hill’s long-term financial health and profitability,” said
Moyer brings extensive experience in technology and AI-driven transformation to McGraw Hill. He most recently served as CEO of Vimeo, where he launched an AI-first video strategy that delivered double-digit improvements in revenue and profitability.
Previously, he spent five years at Alphabet, helping launch Google’s Generative AI strategy. He served as Global VP of Applied AI Engineering and Business Development for
Moyer also served as CEO of financial technology companies
Earlier in his career, Moyer co-founded IEP+
“We are thrilled to welcome Philip to McGraw Hill,” added
Allen added, "I’ve loved every minute working in the education industry for more than 40 years, and rejoining McGraw Hill in 2018 was one of the best decisions of my career. It’s been an honor to build on our extraordinary strengths – the best talent, technology and content in the industry, a deeply trusted brand and an unwavering commitment to helping students and educators succeed. Philip’s extensive experience leading AI strategy and innovation at major technology companies with a relentless customer focus make him the right leader to write the next chapter in our iconic Company’s long and illustrious history. I’m grateful to have the opportunity to continue to serve as Chair of the Board, ensuring Philip has the resources he needs to help McGraw Hill lead the industry in supporting educators and learners for many years to come.”
Moyer commented, "I am thrilled to join McGraw Hill at such a pivotal time. Education has the power to transform lives, and leading a company dedicated to supporting every stage of the learning life cycle is a privilege. McGraw Hill’s trusted brand – combined with its content, data, scale and customer relationships – creates a unique opportunity to harness AI to deliver personalized learning experiences. I look forward to working with Simon and the entire team at McGraw Hill to build on this strong foundation and continue using advanced technology to shape the future of education.”
During Allen’s tenure at McGraw Hill, the Company experienced significant growth in the markets it serves. Under his leadership, the business expanded its market share and achieved a higher quality revenue profile, with its current revenue being nearly two-thirds digital and nearly 60% re-occurring. Before being named President and CEO of McGraw Hill, Allen served as President of the Company’s Higher Education and International business units after rejoining McGraw Hill in
About McGraw Hill
McGraw Hill (NYSE: MH) is a leading global provider of education solutions for preK-12, higher education and professional learning, supporting the evolving needs of millions of educators and students around the world. We provide trusted, high-quality content and personalized learning experiences that use data, technology and learning science to help students progress towards their goals. Through our commitment to fostering a culture of innovation and belonging, we are dedicated to improving outcomes and access to education for all. We have over 30 offices across
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Media Contacts:
Cathy.mcmanus@mheducation.com
Tyler.reed@mheducation.com
Investor Contacts:
Danielle.kloeblen@mheducation.com
Zack.ajzenman@mheducation.com
Source: McGraw Hill