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Scholastic Appoints Chris Lick Executive Vice President, General Counsel and Corporate Secretary

1. Chris Lick appointed as Executive VP, General Counsel from June 2025. 2. Lick succeeds Andrew Hedden, who is retiring after 17 years. 3. He will oversee legal counsel, compliance, and strategic alliances. 4. Lick's experience spans 25 years in legal advisory roles. 5. Scholastic focuses on enhancing children's literacy through diverse initiatives.

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Why Bullish?

Leadership changes can positively influence strategic direction and operational efficiency. Historical examples show that executive appointments often lead to enhanced company performance, especially when succession is planned.

How important is it?

The appointment signals a commitment to strategic growth and governance, enhancing investor confidence. The new executive's prior experiences suggest potential for positive transformation within the company.

Why Long Term?

Strategic roles influence long-term direction. Previous executive changes have shown sustained impacts on company growth and market positioning over the years.

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, /PRNewswire/ -- Scholastic (NASDAQ: SCHL), the global children's publishing, education and media company, today announced Chris Lick has been appointed Executive Vice President, General Counsel and Corporate Secretary, effective June 1, 2025. He succeeds Andrew Hedden who held the position for 17 years and announced his retirement prior to shifting his role to Senior Counselor. Mr. Lick will report directly to President and Chief Executive Officer Peter Warwick. Mr. Warwick shared, "Chris has become a key strategic partner to Scholastic's executive leadership, providing sound judgment that best serves both our values as a company and our growth-oriented business goals. We are eager to have him in this new role and grateful to Andy for his previous service." In his new position, Mr. Lick will provide strategic legal counsel for Scholastic and its Board of Directors both in the U.S. and abroad. This includes oversight of critical legal functions including trademarks, litigation, compliance, information security, content development, and strategic alliances and acquisitions, among others. Mr. Lick added, "Since day one at Scholastic, it has been a privilege to be part of an incredibly talented legal team and play my role in the company's mission to bring books to kids. We are growing the ways in which we do just that and I look forward to working closely with Peter, the managing executive committee and the Board to achieve our goals." After joining Scholastic in 2008, Mr. Lick held several senior positions within the legal group, most recently serving as Senior Vice President and Deputy General Counsel. He brings to his role close to 25 years of proven, influential legal guidance affecting all areas of the Company, including corporate governance, technology and intellectual property, as well as acting as a key advisor at the senior executive level. Mr. Lick began his career at Sidley Austin LLP, a prominent global law firm where he honed his skills in the litigation department. He later worked at the top-ranked global firm Kilpatrick Townsend & Stockton LLP, where he contributed his expertise to the trademark and copyright group. Mr. Lick is a graduate of William and Mary in Virginia, and received his Juris Doctor, from Benjamin N. Cardozo School of Law in New York. About Scholastic For more than 100 years, Scholastic Corporation (NASDAQ: SCHL) has been meeting children where they are – at school, at home and in their communities – by creating quality content and experiences, all beginning with literacy. Scholastic delivers stories, characters, and learning moments that empower all kids to become lifelong readers and learners through bestselling children's books, literacy- and knowledge-building resources for schools including classroom magazines, and award-winning, entertaining children's media. As the world's largest publisher and distributor of children's books through school-based book clubs and book fairs, classroom libraries, school and public libraries, retail, and online, and with a global reach into more than 135 countries, Scholastic encourages the personal and intellectual growth of all children, while nurturing a lifelong relationship with reading, themselves, and the world around them. Learn more at www.scholastic.com. Forward-Looking Statements This news release contains certain forward-looking statements relating to future periods. Such forward-looking statements are subject to various risks and uncertainties, including the conditions of the children's book and educational materials markets generally and acceptance of the Company's products within those markets, and other risks and factors identified from time to time in the Company's filings with the Securities and Exchange Commission. Actual results could differ materially from those currently anticipated. SCHL: Financial SOURCE Scholastic Corporation WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM? 440k+ Newsrooms & Influencers 9k+ Digital Media Outlets 270k+ Journalists Opted In

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