Scholastic Appoints Two New Board Members

Scholastic has announced that former Penguin Random House CFO Milena Alberti and financial services executive Anne Clarke Wolff have been appointed to its board of directors. Directors John L. Davies and David J. Young, who had planned to retire during the upcoming 2025 annual meeting of stockholders, will step down immediately to enable the newly appointed directors to begin participating in board deliberations.

Alberti spent most of her career at PRH across a variety of roles, including mergers and acquisitions, Spanish-language publishing, and serving as the company’s CFO. Alberti has also served on the boards of Pitney-Bowes, Allurion Technologies, Overdrive, and NPR, among others.

Like Alberti, Wolff has more than 30 years of relevant experience. In 2021, Wolff founded Independence Point Advisors (IPA), a purpose-built modern investment bank and advisory firm, where she serves as CEO. Prior to IPA’s launch, Wolff spend most of her career managing businesses focused on banking relationships, access to capital markets, and treasury transformation. She has held roles at Bank of America, JP Morgan, and Citigroup.

“We’re pleased to welcome two independent and highly qualified individuals to the board who are prepared to support the board’s focus on business transformation, growth strategies, and capital allocation,” Iole Lucchese, chair of Scholastic’s board, said. “Both of these individuals are positioned to contribute relevant financial and industry experience and expertise, which will prove invaluable during this exciting chapter in Scholastic’s history.”