Pearson promotes Scardino

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Marjorie Scardino, 49, chief executive of the Economist Group in London, will become chief executive of Pearson, owner of the The Financial Times and some TV interests, succeeding Frank Barlow, who will retire at the end of the year. The Economist Group, 50% owned by Pearson, publishes The Economist and other business publications.

Before becoming The Economist Group's chief executive, Ms. Scardino, an American, was president of the company's North American operations. Pearson Chairman Michael Blakenham also named Dennis Stevenson, a non-executive director of Pearson, as deputy chairman, to succeed Mr. Blakenham as chairman in May 1997.

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