McGraw-Hill Companies (NYSE: MHP) announced further steps to establish the new, independent company, McGraw-Hill Education, by the end of this year. The process of creating this new entity requires multiple changes across operating and support functions to both separate the education segment from The McGraw-Hill Companies and to stand up McGraw-Hill Education as an independent, digital learning and education services organization. These moves will also facilitate the process of onboarding a new Chief Executive Officer of McGraw-Hill Education as the search enters its final phase.
Patrick Milano Becomes Chief Financial Officer and Chief Administrative Officer of McGraw-Hill Education. David Stafford Becomes General Counsel of McGraw-Hill Education and the Business Unit Management Team was confirmed to lead the New Company.
Robert Bahash, the President of McGraw-Hill Education, will retire after 37 years of distinguished service with The McGraw-Hill Companies, as previously anticipated.