Deceased CEO of Scholastic, Harry Potter’s publisher, gave control of the family business to someone outside the family

The publisher Scholastic is no longer controlled by its founding family and has a new CEO and chairman after the death last month of longtime CEO Dick Robinson.

In his will, Robinson bypassed his two sons, John and Reece, who were consultants to Scholastic, to hand control to Chief Strategy Officer Iole Lucchese, who has worked at the company for 30 years. 

Robinson’s death on June 5, at age 84, in Martha’s Vineyard was described as sudden and appears to have caught Scholastic, publisher of the Harry Potter and Hunger Games series, off guard. It certainly alarmed investors. Scholastic’s share price had lost 16% in the past few weeks, or about $250

→ Continue reading at Crain's New York Business

[ufc-fb-comments url=""]

Latest Articles

Related Articles