Directors John L. Davies and David J. Young to Accelerate Planned Retirements from the Board
Scholastic (NASDAQ: SCHL), the global children’s publishing, education and media company, today announced that Milena Alberti and Anne Clarke Wolff were appointed to its board of directors (the “Board”) as independent directors, representing holders of Scholastic’s Common Stock, effective July 16, 2025. Directors John L. Davies and David J. Young, who had planned to retire at the upcoming 2025 annual meeting of stockholders, will step down immediately to enable the newly appointed directors to begin participating in Board deliberations.
Alix Guerrier, currently a representative of Scholastic’s Common Stockholders appointed in 2024, has also been reappointed to the Board as a representative of the Company’s Class A Stockholders. Over the past four years, commensurate with the Board’s commitment to regular refreshment to support the needs of the business, the eleven-member Board has been substantially refreshed with seven new independent directors, reinforcing Scholastic’s long-term strategy.
Iole Lucchese, Chair of the Board, said, “We are pleased to welcome two independent and highly qualified individuals to the Board who are prepared to support the Board’s focus on business transformation, growth strategies and capital allocation, as well as other initiatives to maximize shareholder value. Ms. Alberti brings decades of experience in publishing and finance, in addition to substantial board service. Ms. Wolff brings 30 years of experience in the financial services industry, managing global businesses throughout their lifecycles, and is a capital markets expert. Both of these individuals are positioned to contribute relevant financial and industry experience and expertise, which will prove invaluable during this exciting chapter in Scholastic’s history.
“On behalf of the entire Board, I would also like to thank Jack Davies and David Young for their dedicated service, substantive contributions and independent perspective they have brought to the Board. We wish them both well.”
Milena Alberti
Ms. Alberti is a seasoned finance and media executive with over 30 years of corporate and board experience. She spent most of her corporate career at Penguin Random House, the world’s largest book publisher, across a variety of roles, including Mergers & Acquisitions, Spanish Language publishing and serving as the company’s Global and US Chief Financial Officer. Ms. Alberti also was the Chief Financial Officer of Getty Images, Inc., the world’s leading visual content company, and MediaMath, a demand-side platform for programmatic marketing and advertising.
Ms. Alberti has extensive public and private board experience. She is currently the chair of the board of Pitney-Bowes Inc. and is a director and audit committee chair of Allurion Technologies. She also serves on three private company boards in digital library distribution, book publishing, and television advertising, respectively: Overdrive, International Literary Properties, and Simulmedia. She currently serves on two not-for-profit boards: National Public Radio and Jumpstart, an early education organization. She previously served on the board of Digimarc Corporation and the board of directors of The University of Pennsylvania Executive Fund, and she looks forward to bringing this experience to Scholastic.
Ms. Alberti has a Bachelor of Arts from the University of Pennsylvania, and a Master of Business Administration from Harvard Business School.
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