AMSTERDAM, The Netherlands, Nov. 11, 2004 (PRIMEZONE) -- Wolters Kluwer, a leading multinational publisher and information services company, today announced the appointment of Jeffery McCaulley to the position of CEO Wolters Kluwer Health.In his new role, Mr. McCaulley will lead the Health division, which serves healthcare professionals and students with electronic, database, and print information products and services. With 2003 revenues of Euro 663 million, the Health division includes traditional publishers of medical and drug reference tools and textbooks, such as Lippincott Williams & Wilkins and Facts & Comparisons; electronic information providers, such as Ovid Technologies, Medi-Span, Clin-eGuide, and SKOLAR; and pharmaceutical information provider Adis International. Mr. McCaulley joins Wolters Kluwer from Medtronic, Inc., where he served as VP & General Manager for Medtronic's worldwide Diabetes Business Unit. In this role, he was responsible for a successful reorganization of this $600 million business unit, and for introducing major improvements to productivity, along with accelerating new product launches over the past three years. Previously, he successfully served in a series of progressive leadership roles with General Electric Medical Systems, serving most recently as President & CEO of GE Clinical Services.
"I am very pleased that Jeff will join us in this critical role. He has an excellent background in both management and innovation in the health industry and has a successful record in leading growth organizations," commented Nancy McKinstry, Chairman of the Executive Board. "The Health market is critical to our growth strategy, and Jeff will be a valuable member of the team that will focus on expanding our market position."
Mr. McCaulley replaces Hugh Yarrington, who has served as interim CEO of Wolters Kluwer Health since April 2004. Mr. Yarrington is also a member of the Wolters Kluwer Executive Board.
Mr. McCaulley holds a Bachelor of Science in Aerospace Engineering from the University of Cincinnati and a Masters in Business Administration from Vanderbilt University. He will commence on December 5, 2004, and will report to the Chairman of the Executive Board, Nancy McKinstry, and will be based in the company's Philadelphia office.
About Wolters Kluwer
Wolters Kluwer is a leading multinational publisher and information services company. The company's core markets are spread across the health, tax, accounting, corporate, financial services, legal and regulatory, and education sectors. Wolters Kluwer has annual revenues (2003) of Euro 3.4 billion, employs approximately 18,750 people worldwide and maintains operations across Europe, North America and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its depositary receipts of shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.