McGraw-Hill Education announced that its onetime president and CEO, Buzz Waterhouse, has been named to both those posts on an interim basis, succeeding David Levin who is leaving the company. Levin had been CEO and president since 2014 when he took over from Waterhouse. MHE said a search is on for a permanent replacement for Levin.
“I am deeply grateful to David for his leadership,” said Larry Berg, senior partner at Apollo Global Management, which owns MHE. Berg, who is also MHE chairman, cited Levin for helping the publisher with "its transformation from a print publisher to an organization that offers a wide array of digital learning solutions. David helped us define our vision and strategy and now, building on this strong base, we will increase our focus on operational performance.”
Waterhouse previously served as the president and CEO of MHE from June of 2012 until April of 2014. He was responsible for the separation of McGraw-Hill Education from McGraw-Hill Financial, now S&P Global, setting up the new company and overseeing its subsequent sale to Apollo Global Management.