Houghton Mifflin Harcourt ceo Linda K. Zecher announced in an internal memo ahead of a Monday investor call that she will restructure the company’s divisions as well as its executive ranks, “for better accountability with fewer senior leaders and more focus on our customers.” The company “we will no longer have a separate Education Group” and its current president, Mike Lavelle “has made the decision to leave HMH.” Company CFO (and one-time interim ceo) Michael Muldowney has resigned, with Eric Shuman taking the roll of interim cfo. They will also eliminate the Emerging Markets division and are restructuring their corporate […]
