Re Directorate: CK Prahalad

RNS Number : 3754K

Pearson PLC

19 April 2010

 



19 April 2010

RE DIRECTORATE: CK PRAHALAD

The Board of Pearson notes with shock and deep sadness the death on 16 April 2010 of CK Prahalad, a non-executive director. The Board and the company wish to express sincere sympathies to CK's family and immense gratitude for his service to Pearson.

Coimbatore Krishnarao ('CK') Prahalad became a non-executive director of Pearson in May 2008 and offered the company his exceptional expertise as it shaped its expansion strategy in developing economies. He was a distinguished university professor of corporate strategy and international business at The University of Michigan Business School. He was also a non-executive director of NCR Corporation and Hindustan Unilever Corporation and director of the World Resources Institute and The Indus Entrepreneurs.

CK was also the author of a number of bestselling business books including Competing for the Future (with Gary Hamel); The Future of Competition (with Venkratram Ramaswamy); The Fortune at the Bottom of the Pyramid: Eradicating Poverty through Profits; and The New Age of Innovation (with MS Krishnan).

Pearson's chairman Glen Moreno said: "CK's death is a huge loss to Pearson and to the wider world of business and business education. He was a brilliant strategist and visionary who saw both tremendous growth in developing markets and the unique role that responsible companies could play in supporting opportunity and economic development. We will miss his friendship, his talent and his conviction that we must think about the developing world in a different way - all of which will leave a lasting legacy at Pearson."

ENDS

For more information:

Luke Swanson/Simon Mays-Smith/Charles Goldsmith   [phone]

 

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