Houghton Mifflin Harcourt CEO Resigns

Posted on March 21, 2011

Houghton Mifflin Harcourt CEO Barry O'Callaghan has resigned. Reuters reports that O'Callaghan will stay on as a senior adviser and Chief Financial Officer Michael Muldowney will become HHM's temporary CEO.

As CEO of Riverdeep, O'Callaghan guides the company through a merger with Houghton Miflin in 2006 and then an acquisition of Harcourt from Reed Elsevier in 2007. The Irish Times notes that O'Callaghan's exict from HHM comes about a year after the company was involved in a major financial restructuring.
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