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MarketScreener Homepage  >  Equities  >  Euronext Amsterdam  >  Wolters Kluwer    WKL   NL0000395903

WOLTERS KLUWER

(WKL)
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WOLTERS KLUWER : Management Appointments

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09/30/2013 | 07:05am EDT

Focus on Emerging Markets and Technology Capabilities

Alphen aan den Rijn (September 30, 2013) - Information services company Wolters Kluwer has appointed Corinne Saunders as CEO Developing & Emerging Markets and Andrew Lang as Executive Vice President, Global Chief Information Officer (CIO) of Global Shared Services. These two new senior management roles will further accelerate the company's transformation in the areas of globalization, especially in countries like Brazil and India as well as software and platform development, cloud computing, and mobility.

Wolters Kluwer CEO Nancy McKinstry commented: "Corinne has a strong track record of expanding businesses across multiple territories, with a focus on emerging and developing markets. She has been able to successfully spot new opportunities with great potential across Asia, Europe and Latin America, developing these into viable, scalable businesses. Technology is another key area of focus for our business. The addition of Andrew's technology and industry experience will be instrumental in continuing to deliver the solution innovation and performance expectations of our markets and customers."

Reporting to Wolters Kluwer CEO Nancy McKinstry, Corinne Saunders will be responsible for establishing a long-term presence in key emerging markets, particularly in Brazil and other Latin American countries, as well as in India, the Middle East and Africa. This appointment underlines Wolters Kluwer's strategy by continuing to focus on shifting the portfolio's geographic mix.

A French national, Corinne was recently President of Europe and the Worldwide Network at Dun & Bradstreet where she oversaw a global team and turned the business around from negative to positive growth with increased profitability. She had several roles within Dun & Bradstreet since 2002 where she gained extensive knowledge of emerging markets, overseeing the expansion of the D&B Brand in Asia Pacific, EMEA and Latin America. Prior to her time there, she held Management positions at American Express, Hersant Communication Group, and Leader Magazine in the United States.

Andrew Lang will guide the further advancement of back-office applications and infrastructure technology capabilities. As a global information services and solutions company, this will help the company to address the complexity of business technology and service delivery needs as it continues its transformation to a software & services business.

Before joining Wolters Kluwer, Andrew was CIO of WellPoint, one the United States' largest health benefits companies where he was responsible for all aspects of information technology services.  Andrew will be based at the Hartford, Connecticut office in the United States and report to Tom Lesica, CEO of Global Shared Services.

About Wolters Kluwer
Wolters Kluwer is a leading global information services and solutions company. It provides information, software, and services that help legal, tax, finance, and healthcare professionals make their most critical decisions effectively and with confidence. Customers depend on Wolters Kluwer services and solutions to successfully move through the complex layers of data and regulation that define modern business and government.

Wolters Kluwer had 2012 annual revenues of ?3.6 billion. The Group employs over 19,000 people worldwide and maintains operations in over 40 counties across Europe, North America, Asia Pacific, and Latin America. The Company is headquartered in Alphen aan den Rijn, the Netherlands.

Wolters Kluwer shares are listed on NYSE Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

Visit our website:
http://www.wolterskluwer.com/, YouTube:
http://www.youtube.com/user/WoltersKluwerComms, follow @Wolters_Kluwer on Twitter:
http://www.twitter.com/Wolters_Kluwer, or look up Wolters Kluwer on Facebook:
http://www.facebook.com/home.php#%21/pages/Wolters-Kluwer/39628877505 for more information about our customers, market positions, brand, and organization.

Media Investors/Analysts
Annemarie van Wel Meg Geldens
Tel. + 31 172 641 1470 Tel. + 31 172 641 407
info@wolterskluwer.com:
mailto:info@wolterskluwer.com      
ir@wolterskluwer.com:
mailto:ir@wolterskluwer.com




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#1732274

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Financials
Sales 2020 4 647 M 5 478 M 5 478 M
Net income 2020 638 M 752 M 752 M
Net Debt 2020 2 018 M 2 379 M 2 379 M
P/E ratio 2020 28,6x
Yield 2020 1,68%
Capitalization 18 636 M 22 054 M 21 967 M
EV / Sales 2020 4,44x
EV / Sales 2021 4,31x
Nbr of Employees 18 599
Free-Float 99,0%
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Mean consensus HOLD
Number of Analysts 20
Average target price 67,61 €
Last Close Price 70,66 €
Spread / Highest target 17,5%
Spread / Average Target -4,31%
Spread / Lowest Target -39,1%
EPS Revisions
Managers
NameTitle
Nancy McKinstry Chairman-Executive Board & Chief Executive Officer
Frans J. G. M. Cremers Chairman-Supervisory Board
Kevin B. Entricken Chief Financial Officer
Jeanette Horan Independent Member-Supervisory Board
Ann Elizabeth Ziegler Independent Member-Supervisory Board
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