Houghton Mifflin Harcourt CEO Tony Lucki will retire from his executive post on April 15, taking a chairman spot at the company instead.
The Wall Street Journal reports that he will be replaced by Barry O’Callaghan, CEO of Education Media & Publishing Group–the Dublin-based owners of the conglomerate publisher. Earlier this year, the group decided not to sell HMH trade.
The article quoted Lucki’s memo: “Recent steps we have taken put the company in an even stronger position to deliver value to our customers and to build on our market leadership. We are on sound operational and financial footing and have great potential to grow our trusted brands and businesses.”