New York, NY (April 20, 2005) -- Scholastic, the global children’s publishing and media company, announced today that Larry Holland, Senior Vice President, Corporate Human Resources and Employee Services, is resigning from the company effective in early May. Mr. Holland has been responsible for guiding Scholastic’s policies and programs that impact more than 10,000 employees in over 15 countries, overseeing Human Resources, Employee Communications, Travel Services, Facilities, and Real Estate Development.
 
During his 10 years at Scholastic, the company has grown from $630 million in revenues and 5,000 employees to double the number of employees and more than $2 billion in revenue.  Larry Holland was instrumental in overseeing the transition of acquired businesses and new employees into the Scholastic family, including Grolier, a respected publisher of educational materials; Klutz, the foremost publisher of “books plus”; Tom Snyder Productions, a leading developer and publisher of educational software; and Quality Educational Data (QED), a leading education market research and data company.
 
“Larry has been a trusted friend and advisor to me both professionally and personally,” said Dick Robinson, Chairman, President, and CEO of Scholastic. “He has been instrumental in recruiting every new top management person who has joined the company in the past ten years, as well as counseling hundreds of people in the company on how to improve their management skills and work better with their colleagues. He has been an eloquent leader in the areas of diversity and support for literacy and learning both within the company and among the teachers, parents and children we serve.” 
 
“What makes Scholastic unique is the commitment of its employees to the company’s mission of putting books into the hands of children and creating the best education and entertainment products and programs that parents trust and kids love,” said Mr. Holland.  “That dedication starts at the top and is what makes Scholastic an extraordinary company to work for.  While I will miss my colleagues and friends, the needs of my family require my full attention now.”
 
Larry Holland joined Scholastic in August 1994 and had previously been Senior Director of Human Resources in MCI’s Multi-national Division.  Prior to that, he was the Senior Human Resources Officer for Citicorp Investment Bank and Commercial Real Estate Group and held several positions at PepsiCo, including Regional Employee Relations Manager for Pepsi-Cola Bottling Group, where he was responsible for human resources and labor relations.
 
About Scholastic:
Scholastic Corporation (NASDAQ: SCHL) is the world's largest publisher and distributor of children's books and a leader in educational technology.  Scholastic creates quality educational and entertaining materials and products for use in school and at home, including children's books, magazines, technology-based products, teacher materials, television programming, film, videos and toys.  The Company distributes its products and services through a variety of channels, including proprietary school-based book clubs, school-based book fairs, and school-based and direct-to-home continuity programs; retail stores, schools, libraries and television networks; and the Company's Internet site, www.scholastic.com
 

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