NEW YORK, March 11 /PRNewswire-FirstCall/ -- The McGraw-Hill Companies (NYSE: MHP) today announced that Charles L. Teschner, Jr. has been appointed executive vice president for Global Strategy effective March 23, 2009. Mr. Teschner succeeds Peter C. Davis, who recently began serving as president of McGraw-Hill Education.
In his new role, Mr. Teschner will lead the development of business strategies that help the Corporation to achieve its long-term objectives for business growth and global expansion. Working with senior leaders across the enterprise, he will play a central role in managing the company's portfolio of businesses, strengthening its efforts to enter new markets and developing new business capabilities.
"Charles' deep understanding and record of accomplishments in global markets will help strengthen our successful strategy of expanding the Corporation's products, services and revenue streams while meeting the long-term needs of customers across the global education, financial services, and information and media markets," said Harold McGraw III, chairman, president and CEO of The McGraw-Hill Companies.
Mr. Teschner has a rich and successful background in the global financial services and media arena, having spent a significant part of the last 20 years working across Europe and Asia in markets including London, Munich, Zurich, Singapore and Jakarta. He spent the majority of this time at the consulting firm Booz, Allen & Hamilton, where he was most recently Lead Partner and Senior Client Officer. During his tenure, he helped businesses increase their profitability and enter new and emerging markets through both transactions and organic revenue growth. His record of success and positive client feedback earned him recognition as one of the "Top 100 Financial Services Consultants" in the world in a survey by Euromoney magazine.
Mr. Teschner, 48, holds a bachelor's degree in economics and political science from Yale University, an MBA in Finance and an MA in Asian Studies from The Lauder Institute at the Wharton School, University of Pennsylvania. He is bilingual in English and German and conversational in several other languages.
About The McGraw-Hill Companies:
Founded in 1888, The McGraw-Hill Companies is a leading global information services provider meeting worldwide needs in the financial services, education and business information markets through leading brands such as Standard & Poor's, McGraw-Hill Education, BusinessWeek and J.D. Power and Associates. The Corporation has more than 280 offices in 40 countries. Sales in 2008 were $6.4 billion. Additional information is available at www.mcgraw-hill.com.
Investor Relations: http://www.mcgraw-hill.com/investor_relations
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Release issued: March 11, 2009
SOURCE The McGraw-Hill Companies
Contact: Frank Briamonte, Senior Director, Corporate Communications, +1-212-512-4145 (office), or +1-201-725-6133 (mobile), or frank_briamonte@mcgraw-hill.com, or Jason Feuchtwanger, Senior Manager, Media Relations, +1-212-512-3151 (office), or +1-347-419-4169 (mobile), or jason_feuchtwanger@mcgraw-hill.com