Cengage Learning Restructures, Incorporates Library/Reference, Academic/Professional and International Business Units
(PRESS RELEASE) Stamford, CONN — July 7, 2010 — Cengage Learning, a leading global provider of innovative teaching, learning and research solutions, today announced that the company will consolidate its business units into one streamlined operating group, a new structure that will allow for greater synergies, more focused technology investments and increased innovation both domestically and internationally. The move brings together the company’s Academic and Professional Group (APG), including such well-known brands as South-Western, Delmar, Wadsworth and Brooks/Cole, with the market leading library/reference group, Gale, and the company’s international operations. The transition will begin immediately, and is expected to be completed in September, 2010.
“This is an exciting change for Cengage Learning and our customers, making it possible for us to provide a range of research and learning solutions that is unprecedented in our industry,” said Ron Dunn, President and CEO of Cengage Learning. “Unlike any of our competitors, we can leverage the combined resources of Gale and APG to bridge the gap between the library and the classroom, developing innovative new solutions that combine Gale’s unparalleled expertise in creating, organizing and distributing content with APG’s deep understanding of pedagogy, teaching and learning styles, and assessment. This combination will allow Cengage Learning to better serve customers worldwide – in classrooms, libraries, and anywhere else people engage in research and learning. It represents an alliance of abilities completely unique in our industry – a blend of content, technology, and expertise – drawn from more than half a century serving both classrooms and libraries.”
As a result of the restructuring, Patrick C. Sommers, President of Gale will retire at the end of July, and Ron Mobed, President of the Academic and Professional Group will be leaving the company. Dunn’s new Executive Committee will include: Adrian Butler, Executive Vice President, Human Resources; Ken Carson, General Counsel; Dean Durbin, Chief Financial Officer; Rich Foley, Executive Vice President, Sales and Marketing; Manuel Guzman, Executive Vice President, Learning and Research Solutions; and William Rieders, Executive Vice President, New Media.