Executive Committee will consist of Executive Board and Cluster CEOs
Shorter reporting lines resulting in further improvement operational control
Cluster CEOs will report directly to Chairman Executive Board
As of May 2003, the CEOs of the four largest clusters, Legal, Tax & Business Europe and North America, Health and Education, together with members of the Executive Board and Corporate Senior Vice-Presidents, will form the Executive Committee. The Executive Committee will act as a sounding board for the Executive Board.
Also from May 2003 onwards the Chief Executive Officers of the four largest clusters, will no longer report to individual Board members but report directly to the Chairman of the Executive Board. This shortening of reporting lines will result in further improvement of the operational control.
At present the Executive Board consists of four members, Rob Pieterse (Chairman), Nancy McKinstry (Chairman elect), Jean-Marc Detailleur and Hugh Yarrington. As announced on March 11, Boudewijn Beerkens will join the Executive Board, subject to his acceptance by the Annual General Meeting of Shareholders. Following the scheduled retirement of Rob Pieterse on September 1, 2003, and of Hugh Yarrington end of 2004, the size of the Executive Board will be reduced to three members as from 2005.
Note for the editor
Wolters Kluwer is a multinational information services company with annual revenues (2002) of more than EUR 3.9 billion, employing almost 20,000 people in Europe, North America, and Asia Pacific. The company's core activities are Legal, Tax & Business, Health and Education. Wolters Kluwer's shares are quoted on the Euronext Amsterdam and are included in the AEX and Euronext 100 indices. The Annual General Meeting of Shareholders will take place on April 16, 2003.
Announcements financial results:
Trading update 1st quarter: May 14, 2003
Figures first-half 2003: August 12, 2003
Trading update 3rd quarter November 12, 2003
Internet:
www.wolterskluwer.com
For more information, please contact:
Press:
Caroline Wouters, tel. +31 20 6070 335
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