(Adds detail on new CEO, outgoing CEO)
Sept 20 (Reuters) - British education group Pearson said on Wednesday it has appointed Microsoft executive Omar Abbosh as its new CEO effective early 2024, succeeding Andy Bird, who is retiring after about three years in the role.
Former Walt Disney Co executive Bird had joined as CEO in October 2020. The British company had to get the backing of shareholders to offer him a co-investment opportunity worth up to $9.3 million.
Abbosh will get an annual base salary of 1 million pounds ($1.24 million) and an annual cash allowance of 16% of base salary in lieu of pension, among other elements, as part of his remuneration.
($1 = 0.8095 pounds) (Reporting by Yadarisa Shabong in Bengaluru; Editing by Nivedita Bhattacharjee and Janane Venkatraman)
