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    WKL   NL0000395903

WOLTERS KLUWER

(WKL)
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Wolters Kluwer appoints new Chair and new Vice-Chair of the Supervisory Board

01/21/2022 | 02:30am EDT

 Wolters Kluwer appoints new Chair and new Vice-Chair of the Supervisory Board

January 21, 2022 Wolters Kluwer today announces the appointment per April 21, 2022 of Ann Ziegler as Chair of the Supervisory Board. As previously disclosed, Chair Mr. Cremers will retire from the Board at the close of the Annual General Meeting of Shareholders. Member of the Supervisory Board Jack de Kreij is appointed to succeed Mrs. Ziegler as Vice-Chair of the Board.

Ann Ziegler was appointed in 2017 and is currently Vice-Chair of the Supervisory Board and a member of the Selection and Remuneration Committee. Jack de Kreij was appointed in 2020 and is Chair of the Audit Committee.

Chair of the Supervisory Board Frans Cremers commented: “We are very pleased to nominate Ms. Ziegler and Mr. De Kreij for appointment on their new roles in the Supervisory Board. Their extensive experience at several publicly-listed international companies in different industries will be of indispensable value. The composition of the Supervisory Board reflects and reinforces the strong diversity at senior management level of the company.”

During the upcoming Wolters Kluwer Annual General Meeting of Shareholders on April 21, 2022, the shareholders will vote on the previously announced nomination of Heleen Kersten as member of the Supervisory Board.

About Wolters Kluwer
Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk and compliance; and legal and regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.

Wolters Kluwer reported 2020 annual revenues of €4.6 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 19,200 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.

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

For more information, visit www.wolterskluwer.com, follow us on Twitter, Facebook, LinkedIn, and YouTube.

Media                                                                  Investors/Analysts
Gerbert van Genderen Stort                                Meg Geldens
Corporate Communications                                 Investor Relations
t + 31 172 641 230                                               t + 31 172 641 407        
g.van.genderen.stort@wolterskluwer.com           ir@wolterskluwer.com

Forward-looking Statements and Other Important Legal Information
This report 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.

This press release contains information which is to be made publicly available under Regulation (EU) 596/2014.

 

Attachment


Source: Wolters Kluwer N.V.

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Financials
Sales 2022 5 139 M 5 422 M 5 422 M
Net income 2022 811 M 856 M 856 M
Net Debt 2022 2 014 M 2 125 M 2 125 M
P/E ratio 2022 28,8x
Yield 2022 1,79%
Capitalization 23 774 M 25 080 M 25 080 M
EV / Sales 2022 5,02x
EV / Sales 2023 4,80x
Nbr of Employees 19 454
Free-Float 97,6%
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Mean consensus OUTPERFORM
Number of Analysts 18
Last Close Price 92,76 €
Average target price 96,41 €
Spread / Average Target 3,94%
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Managers and Directors
Nancy McKinstry Chairman-Executive Board & Chief Executive Officer
Kevin B. Entricken Chief Financial Officer
Ann Elizabeth Ziegler Chairman-Supervisory Board
Richard F. Flynn CEO-Wolters Kluwer Governance, Risk & Compliance
Carol Cesareo Chief Compliance Officer & VP-Internal Control
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