|By Marketwire .||
|October 5, 2012 10:10 AM EDT||
ALPHEN AAN DEN RIJN, NETHERLANDS -- (Marketwire) -- 10/05/12 --
Alphen aan den Rijn (October 5, 2012) - Wolters Kluwer, a global leader in professional information services, announced today that Mr. J.J. Lynch, Jr., Member of the Executive Board, has accepted an offer to become CEO of a company in the U.S. software and information industry. The company does not compete with Wolters Kluwer. As a consequence, Mr. Lynch will resign from the Wolters Kluwer Executive Board per November 2012. For the interim, Mr. Lynch's responsibilities will be taken over by the CEO and Chairman of the Executive Board, Nancy McKinstry.
Nancy McKinstry, CEO and Chairman of the Executive Board, commented: "Jack's vision for software development and innovation, as well as his business acumen, have strongly supported the work of the Executive Board and Wolters Kluwer's transformation towards a global information services company. I fully respect Jack's decision and wish him all the best in his new position."
Jack Lynch joined Wolters Kluwer in 2006, and became a member of the Wolters Kluwer Executive Board in April 2007. Mr. Lynch has played an important role over the past six years in leading Wolters Kluwer's shared services, supporting the company's strategy and global organization. He also drove the maturity of the global technology platform that enables the company to develop software and mobile products tailored to the needs of its customers.
In addition, Mr. Lynch was responsible for the execution of the operational excellence program, Springboard, completed at the end of 2011. Springboard resulted in the creation of global capabilities, increased efficiencies and improved the company's back-office performance.
During the interim period the CEO of the Global Shared Services Organization, Tom Lesica, and the Executive Vice President of the Global Platform Organization, Dennis Cahill, will report to Nancy McKinstry. The succession of Mr. Lynch on the Executive Board of Wolters Kluwer is currently under review.
About Wolters Kluwer
Wolters Kluwer is a market-leading global information services company. Professionals in the areas of legal, business, tax, accounting, finance, audit, risk, compliance, and healthcare rely on Wolters Kluwer's leading information- enabled tools and software solutions to manage their business efficiently, deliver results to their clients, and succeed in an ever more dynamic world.
Wolters Kluwer had 2011 annual revenues of EUR3.4 billion, employs approximately 19,000 people worldwide, and maintains operations across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.
Visit our website, YouTube, follow @Wolters_Kluwer on Twitter, or look up Wolters Kluwer on Facebook for more for information about our customers, market positions, brands, and organization.
This press release contains forward-looking statements. These statements may be identified by words such as "expect", "should", "could", "shall", and similar expressions. Wolters Kluwer cautions that such forward-looking statements are qualified by certain risks and uncertainties that could cause actual results and events to differ materially from what is contemplated by the forward- looking statements. Factors which could cause actual results to differ from these forward-looking statements may include, without limitation, general economic conditions; conditions in the markets in which Wolters Kluwer is engaged; behavior of customers, suppliers, and competitors; technological developments; the implementation and execution of new ICT systems or outsourcing; and legal, tax, and regulatory rules affecting Wolters Kluwer's businesses, as well as risks related to mergers, acquisitions, and divestments. In addition, financial risks such as currency movements, interest rate fluctuations, liquidity, and credit risks could influence future results. The foregoing list of factors should not be construed as exhaustive. Wolters Kluwer disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.
PDF version of Press Release : http://hugin.info/130682/R/1646956/530803.pdf
This announcement is distributed by Thomson Reuters on behalf of Thomson Reuters clients. The owner of this announcement warrants that:
(i) the releases contained herein are protected by copyright and other applicable laws; and (ii) they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Wolters Kluwer NV via Thomson Reuters ONE [HUG#1646956]