Information services provider The McGraw-Hill Companies, US, has announced the appointment of Lloyd G. "Buzz" Waterhouse as President and Chief Executive Officer of McGraw-Hill Education, effective June 14. In his new position, he will report to Harold McGraw III, Chairman, President and Chief Executive Officer of The McGraw-Hill Companies, as the process continues to establish McGraw-Hill Education as an independent, digital learning and education services company later this year.
Waterhouse is former Chief Executive Officer of Harcourt Education. He began his career with IBM in 1973 in the firm's software division. He later became General Manager of Marketing and Services for IBM Asia Pacific, a $9 billion business. In 1992, he was appointed President of IBM's Asia Pacific Services Corporation and later became Director of Global Strategy at IBM. In 1996, Waterhouse was named General Manager Marketing and Business Development, IBM Global Services, before being promoted to General Manager, E-Business Services, a division focused on consulting, education and training for customers.
In 1999, Mr. Waterhouse became President and Chief Operating Officer, and later Chief Executive Officer, of Reynolds & Reynolds, a company primarily focused on software for the automotive industry. In 2006, he was appointed Chief Executive Officer of Harcourt Education, a leader in the US School Education sector. The parent company of Harcourt Education decided to sell the business in 2007 and it merged with Houghton Mifflin Harcourt at the end of that year. Waterhouse has since served as a director of a number of companies including SolarWinds, ITT Educational Services and Ascend Learning.
