The McGraw-Hill Companies Appoints E. Addison "Buzz" Ellis III President of its Educational Publishing Group

Business Wire, July 30, 1999

NEW YORK--(BUSINESS WIRE)--July 30, 1999--

-- Steven E. McClung is Appointed

President of Glencoe/McGraw-Hill --

The McGraw-Hill Companies today named E. Addison "Buzz" Ellis III president of its Educational Publishing Group, responsible for the company's industry leading K-12 educational publishing operations.

Ellis had been president of Glencoe/McGraw-Hill, the nation's leading secondary school publisher. He will report to Robert E. Evanson, executive vice president, Educational and Professional Publishing Group.

Ellis will leverage resources across the Educational Publishing Group, strengthening The McGraw-Hill Companies' position in the expanding U.S. market for elementary and high school learning materials. Enrollment in grades K-12 are expected to grow 1.5% annually through 2006, and many states and localities will aggressively purchase new learning materials.

Ellis will direct the McGraw-Hill School Division; Glencoe/McGraw-Hill; CTB/McGraw-Hill, a leading provider of student testing and assessment; SRA/McGraw-Hill, a top publisher of K-8 supplementary educational materials; and McGraw-Hill Consumer Products, which develops educational products for the home market.

"Buzz's record of accomplishment and industry experience will enable The McGraw-Hill Companies to enhance its already strong position in this important business segment," said Jack E. Witmer, president, The McGraw-Hill Companies' Educational and Professional Publishing Group. "Under Buzz's leadership, Glencoe/McGraw-Hill leads the market in math, science and social studies and continues to be the acknowledged leader in the secondary school market."

Before joining Glencoe/McGraw-Hill, Ellis held several key management positions at Merrill Publishing Company, including director of Product Management, director of Marketing, vice president and director of the School Division and president of the El-Hi Division.

The McGraw-Hill Companies also announced today that Steven E. McClung is appointed president of secondary school publisher Glencoe/McGraw-Hill, replacing Ellis in that position. McClung will be responsible for all Glencoe/McGraw-Hill operations. He will report to Ellis.

"Steve has a proven record of leadership and has contributed significantly to Glencoe/McGraw-Hill's growth," said Mr. Witmer. "Since 1986, Steve has directed Glencoe's sales force, which is the finest in the industry. Glencoe is the nation's No. 1 secondary school publisher, and publishes in more subject areas than any of its competitors. It is well positioned to take advantage of the very favorable trends expected in secondary school publishing over the next five years."

Before joining Glencoe/McGraw-Hill, McClung held management positions in the Southeast U.S. for the McGraw-Hill Book Company.

Founded in 1888, The McGraw-Hill Companies is a leading information services provider meeting worldwide needs in education, business, finance, the professions and government. The corporation employs 16,500 people located in more than 400 offices in 32 countries. Sales in 1998 were $3.7 billion.