Harold McGraw Jr, chairman emeritus and former CEO of global information services and education company McGraw-Hill, died this morning at his home. He was 92.
McGraw Jr was the third-generation to work in the family-controlled firm founded by his grandfather in 1888. He spent eight years leading the company as CEO, during which time company revenues more than doubled and earnings per share more than tripled. Sales in 2009 were $5.95 billion.
McGraw-Hill is currently led by McGraw Jr's son, Harold McGraw III, who serves as chairman, president and CEO. Another son, Robert P McGraw serves on the company's board of directors.
McGraw III said: "My father was a passionate and principled leader, who led McGraw-Hill with an educator's heart and an insistence that the underlying principles guiding the company since its founding in 1888 - integrity, quality, value and excellence - would endure."
McGraw Jr received the highest literacy award in the US in 1990 for his services to education and encouraged the increasing use of technology in the family-controlled publishers. In celebration of the 100th anniversary of the company, McGraw-Hill created the Harold McGraw Jr Prize for Education in his honour.
He is also among six family heads to have led the 121-year-old company and is succeeded by three children, eight grandchildren and two great-grandchildren.
McGraw Hill owns brands including Standard & Poor's, McGraw-Hill Education, and J.D. Power and Associates. One of McGraw Jr's last business memories will be the sale of flagship magazine Business Week in October 2009. (Click here to read our coverage of the story)
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