Pursuant to the terms that will apply to borrowing under the CARES Act, the Postal Service will provide the Department of the Treasury with certain information regarding our costs, revenues, and overall financial position. This includes providing Treasury, under strict terms of confidentiality, with those contracts that generate the most revenue for the Postal Service. Providing this information is merely an acknowledgment of the fact that Treasury has been designated by Congress as the lender for the Postal Service, and it therefore has a legitimate interest under certain circumstances in understanding those factors that affect our current and projected financial position. Other conditions, such as the requirement that borrowed funds only be used for operating expenses, and not for capital expenses, were expressly mandated by Congress in the language of the CARES Act. Contrary to insinuations made in the Washington Post article, nothing in these terms confers upon Treasury any role whatsoever in Postal Service pricing, management, or strategy.
Pearson PLC has appointed a chief strategy officer to help drive its transformation to a digital learning company.
Jonathan Chocqueel-Mangan, currently chief strategy and transformation officer at Kantar Consumer Insights, joins Pearson to lead the strategic planning process, working with the executive team and board to shape and execute the plan for the business. He will also play a role in generating insights into trends and market opportunities to help drive future growth. He will report to John Fallon, chief executive officer.
John Fallon, chief executive officer of Pearson, said: “Jonathan has an impressive track record in developing business strategy, working at board level over many years, achieving impressive results. He is exactly the kind of world-class talent that Pearson is targeting to ensure we become the digital winner in education.”
Jonathan Chocqueel-Mangan said: “The digital transition creates both challenges and opportunities, and my role will be to embed a process into the company to help Pearson navigate this transition, target the biggest opportunities in education and ultimately achieve sustainable growth.”
Jonathan is a senior business strategist with a background in business transformation, including realignment of business products and services, the shift from analogue to digital, and multiple technologies and systems to a single platform. As a member of the global executive committee for Kantar, Jonathan’s current role included strategy formulation and alignment, business planning, organisational development and change, innovation, digital strategy, acquisitions and partnerships.
Jonathan has professional qualifications in Consulting and Coaching for Change, from the Said Business School (Oxford University) and a Doctor of Business Administration (DBA) in Organisational Behaviour, from the School of Management at the University of Surrey. He joins Pearson in January 2018.