Jan. 13, 2014
today announced the appointment of
as the company's president and chief executive officer. Mr. Levin, 51, is currently the chief executive of
, a multinational media company headquartered in
, and brings a wealth of experience in leading public and private companies in the fields of media and technology. He will be based in
New York City
and succeed Lloyd G. "Buzz" Waterhouse, who joined McGraw-Hill Education as its president and CEO in
and who recently announced his retirement. Mr. Waterhouse will remain with the company until Mr. Levin begins his tenure in
and will remain on the company's board of directors after he steps down as CEO.
The appointment of Mr. Levin as CEO comes as McGraw-Hill Education continues its transformation as a leader in digital learning and growth as a standalone, global company. In
, funds affiliated with Apollo Global Management, LLC (NYSE: APO) purchased McGraw-Hill Education from The McGraw-Hill Companies (now McGraw Hill Financial).
stood out from the exceptional group of executives identified in our search because of his unique combination of extensive international experience, demonstrated track record leading a digital transformation at UBM, stellar leadership skills, financial acumen and passion for education. It gives me great pleasure to announce his appointment as CEO," said
, senior partner at Apollo Global Management. "We are confident that David will lead the entire McGraw-Hill Education team in accomplishing its shared objective of making the company the leading provider of powerful and innovative digital learning solutions on a global scale."
Mr. Berg added: "I also want to acknowledge the accomplishments of Buzz Waterhouse, who built a solid foundation of operational excellence as he led the company through a complicated corporate carve-out, strengthened management with distinguished hires and helped set the strategic direction for the business."