- McGraw-Hill Education Appoints Dr. Nana Banerjee as President & CEO
McGraw-Hill Education, a leading learning science company, today announced the appointment of Dr. Nana Banerjee as president and chief executive officer, effective April 23. Dr. Banerjee, 47, is currently group president of Verisk Analytics, a leading data analytics provider, and has a proven track record of driving global growth and exceptional performance in both public and private companies.
He will be based in New York and succeeds Lloyd G. “Buzz” Waterhouse, who became interim president and CEO in October of 2017 having previously served as president and CEO from June 2012 through April 2014. Mr. Waterhouse will remain with the company until Dr. Banerjee begins his tenure and will continue to serve on the company’s board of directors after he steps down as interim president and CEO.
“After a thoughtful and thorough search, we chose Nana for his outstanding leadership and stellar management skills,” said Larry Berg, senior partner with Apollo Global Management and chairman of the Board of McGraw-Hill Education. “Nana’s deep knowledge of analytics and artificial intelligence, his lifelong passion for education and his demonstrated ability to deliver value for global employees, customers and investors will be instrumental in growing our businesses. He will continue our journey as a learning science company focused on helping students achieve better outcomes.”
“I want to thank Buzz for his leadership over the past six months,” Mr. Berg added. “He has done a great job of moving the company forward and focusing our efforts around the key initiatives that will bring us success.”
“Nana is a great choice to lead McGraw-Hill Education,” Mr. Waterhouse said. “His strengths dovetail with exactly what we need as we look ahead – a seasoned leader who understands the critical role that data and technology can play in education. As a learning science company, we are at the forefront of innovation in K-20 and professional education, and Nana’s extensive experience will be invaluable in deepening our relationships with educators.”
“I am honored and excited to be a part of McGraw-Hill Education,” said Dr. Banerjee. “This iconic brand is founded on the reputation of its people, its content, and its tools, as the finest in the industry. I am looking forward to teaming up with our colleagues and fulfilling the promise of our vision to unlock the full potential of each learner with enhanced access and better quality learning solutions, enabled with scaled technologies and advanced analytics.”
Dr. Banerjee has extensive experience leading, innovating and scaling technology businesses globally. He came to Verisk as part of its acquisition of Argus, where he was chief operating officer. He served as the group president of Verisk and helped drive its transformation into a global leader in big-data and advanced analytics. He also helped drive the acquisition of several high-profile global companies during his tenure at Verisk. In prior roles, he served as head of Citibank’s credit card business in the United Kingdom and as vice president of marketing at GE Capital. He began his career forecasting housing starts at The McGraw-Hill Companies’ FW Dodge unit.
Dr. Banerjee has a Ph.D. in applied mathematics from the State University of New York; a master of science degree in mathematics from the Indian Institutes of Technology, Delhi; and a bachelor of science degree with honors in mathematics from St. Stephens College, Delhi.
- IntechOpen Announces Incoming CEO – Dr. Anke Beck
IntechOpen, the first native scientific publisher of Open Access books, announced today that Anke Beck, PhD, will join the company as incoming CEO. Dr. Beck joins IntechOpen with 20 years of publishing industry experience, most recently at De Gruyter.
“As scientists, we’ve lead IntechOpen’s growth to its current leading position in the Open Access Books market, and now, we are excited to join forces with Dr. Beck who, no doubt, will have an impact on our further expansion”, said Alex Lazinica, IntechOpen’s co-founder and CEO. “I am confident that Dr. Beck’s deep understanding of international scholarly communications, superb reputation and trusted relationships with academics, institutions and funders will augment our business and open new business approaches as we strive to answer the scientific community’s publishing needs.”
As a Managing Director at De Gruyter, a Berlin-based scholarly publisher, Dr. Beck drove Open Access publishing successfully with a foresight into the market. She led De Gruyter into a prominent position in the competitive Open Access market globally.
“I am thrilled about the opportunity to join IntechOpen which combines innovative and agile technology, custom-fit marketing with the 21st century’s scientific needs,” Dr. Beck said. “IntechOpen’s commitment to scholarly communications quality and access is a perfect solution required to face the market challenges. I am convinced that jointly we can manifest our leading market position, expand our geographic reach, extend the publishing scope, to act in line of the academic R&D community.”
IntechOpen is the market leader in scientific publishing of Open Access books with more than 114 million downloads of chapters and books to date. More than 100,000 researchers, including Nobel Prize laureates, have published their research on the platform.
- Clarivate Analytics Welcomes Caroline Birkle as the New General Manager of Converis
Data company Clarivate Analytics has announced the appointment of Caroline Birkle as the General Manager of their leading research information management system, Converis. Converis supports universities, research institutions and funding agencies in collecting and managing data across the research life cycle. Birkle will join Converis on April 16th 2018, based in Karlsruhe, Germany and will manage an international team across Europe, North America, the Middle East and Asia.
Converis is part of Clarivate Analytics, the global leader in providing trusted insights and analytics to accelerate the pace of innovation and is part of the Scientific and Academic Research Group alongside industry leaders like Web of Science. Built with the research community in mind, Converis is used by faculty, librarians and research managers globally to showcase the outputs and impact of research.Converis offers seamless integration with data, platform and products from Clarivate Analytics, such as Web of Science, InCites and Derwent Innovation Index, as well as a number of third-party products.
Birkle will join Clarivate Analytics from Thieme Chemistry in Germany, where she is Managing Director and has overall P&L responsibility for global electronic publications, leading an international team including editorial, production and software development. Previously, Birkle held publishing positions with the Royal Society of Chemistry and Thomson Reuters before moving to Holtzbrinck Publishers, where, as Vice President, she led Business Intelligence for STM (including Nature and Macmillan Science & Education) and coordinated the integration of Macmillan and Springer Nature, pre- and post-merger.
Caroline Birkle incoming General Manager, Converis said:
“The research landscape is changing at an unprecedented rate, with technological opportunities creating a pace within the research life cycle that is exhilarating and challenging. The opportunity to join Converis and work together with research offices globally, creating meaningful solutions that address industry needs, is one I am really looking forward to. I am proud to be joining this highly skilled and entrepreneurial team working within one of the industry’s most exciting and dynamic business groups.”
Annette Thomas, CEO Scientific and Academic Research Group, Clarivate Analytics said:
“I am delighted to welcome Caroline to our growing team; with her deep understanding of the research market, commercial and strategic acumen, as well operational and transformational experience, she is ideally suited to lead Converis during its next phase of growth and expansion. Converis currently supports a wide variety of customers in more than 20 countries and it’s our intention to significantly evolve and strengthen its position in the market by integrating more data and by providing a more streamlined product offering. Caroline’s experience will benefit us tremendously as we expand, and accelerate innovation and growth.”
- Springer Nature hurries 7 billion euro Frankfurt listing
SpringerNature, the publisher of science magazine Nature, has brought forward a listing which may value it at more than 7 billion euros (6.17 billion pounds)including debt, to reduce the risk from volatile stock markets, people close to the matter said.
The company, which also publishes Scientific American, is planning to announce its initial public offering (IPO) in May, with a Frankfurt listing slated to take place four weeks later, they said, adding that originally plans had been for a July listing.
Following recent market volatility, some IPO hopefuls have sped up listing plans to reduce the time lag and avoid being tripped up by wobbly markets.
“Everybody is trying to accelerate their plans now,” one of the sources said. Among others, Deutsche Bank DWS asset management unit has brought its IPO forward by several weeks.
The SpringerNature joint venture is 53-percent owned by German publisher Holtzbrinck, with buyout group BC Partners holding the rest.
SpringerNature was formed in 2015 through the merger of Holtzbrinck’s Macmillan Science and Education unit with BC Partners’ Springer business, which publishes scientific, technical and medical books and journals.
The creation of SpringerNature was designed to make it easier to compete with the likes of RELX as publishers increasingly shift to digital content and readers use smartphones and tablets to access information.
BC Partners declined to comment on the listing plan, while Holtzbrinck was not immediately available for comment. The banks declined to comment or were not immediately available for comment.
While BC Partners will sell some shares in the IPO, Holtzbrinck may even buy some and is aiming to keep a stake of more than 40 percent in the company. The targeted free float is at least 20 percent.
The bulk of the proceeds would be used to cut net debt, which currently stands at roughly 3 billion euros, with a view to bringing indebtedness down to 3.75 times earnings before interest, tax, depreciation and amortisation (EBITDA) after the IPO, the source said.
Peer RELX trades at about 11 times its expected core earnings.
SpringerNature posted 1.62 billion euros in sales in 2016 and employs 13,000 staff. It publishes roughly 3,000 scientific magazines as well as 12,000 new books every year. Last year, its earnings before interest, tax, depreciation and amortization stood at roughly 600 million euros.
SpringerNature is a separate company from German publisher Axel Springer.
- Brill will appoint Jasmin Lange as Chief Publishing Officer
Koninklijke Brill NV, the international scholarly publisher, announces the appointment of Jasmin Lange (39) as Chief Publishing Officer and member of the Management Team, as per January 1st, 2018. Within Brill’s senior leadership, Jasmin will lead Brill’s publishing teams and focus on further expanding Brill’s offering to the scholarly community.
German-born Jasmin Lange joined Brill in 2011 as Assistant Editor and has worked as Business Development Manager since 2012. In this role, amongst others, she focused on developing Open Access within Brill, developing new business models and integrating newly acquired publishing activities into the Brill portfolio. Most recently, Jasmin played a key role in the acquisitions of Schöningh & Fink and Mentis in Germany and Sense Publishers in the Netherlands. Before joining Brill, Jasmin worked in the publishing business and as a researcher in Germany, the USA and the UK.
- Clarivate Analytics Welcomes Sam Burridge as Director of Strategy & Transformation
Clarivate Analytics, the global leader in providing trusted insights and analytics to enable the research ecosystem to accelerate discovery, announced today that Samantha Burridge has joined the company in a newly-created role – Director of Strategy & Transformation of its Scientific & Academic Research group. Burridge will report directly to the new division CEO, Annette Thomas, in London.
With more than 20 years’ experience across broad publishing businesses and more recently, open research, Burridge will support Thomas in expanding the company’s leadership position in the scientific and academic research market. She is responsible for developing the strategy for the division, for supporting innovation in data and analytics, establishing best practice for the incubation of new businesses and for ensuring the company both attracts and retains talented professionals.
Burridge established Nature’s Open Research Group in 2013 as Managing Director; by 2016 it had become the fastest growing open access (OA) business in the world. Prior to her time at Springer Nature, Burridge was a member of the Macmillan Science & Education board and a key player in the transformation of the business. She was Managing Director of the humanities and social sciences publisher, Palgrave Macmillan and held several leadership roles across the group, steering many global functions through significant change. More recently, she has worked as a consultant across publishing and education, working with boards of both established brands and start-ups, to develop their strategies.
Burridge has served as a member of the Publishers Association academic board and remains a member of the board of the Copyright Clearance Centre – a global leader in technology solutions that fuel research, power publishing and respect copyright.
Annette Thomas, CEO of the Scientific and Academic Research group of Clarivate Analytics, said, “Sam Burridge is a world-class transformation leader with a global reputation, who has proven herself able to lead well-established, global businesses, develop high-growth new ventures and lead change and transformation projects over and again. This is a crucial time for Sam to join Clarivate. I am so pleased and proud that she is joining us to help power us through the next phase in the company’s history.”
Sam Burridge, the new Director of Strategy & Transformation, added, “I have long held a passion for the advancement of discovery, evaluation and the impact of research and am very excited to be joining the Clarivate team at this point in their evolution. Clarivate has the heritage and assets, together with the drive and vision needed to solve our customers’ most pressing needs in these spheres. I look forward to using my experience to build on this foundation and to working with the exceptional Clarivate team, to help develop something truly special to benefit research.”
- Wiley Announces Ella Balagula as New EVP of Publishing Business
John Wiley and Sons, Inc. (NYSE: JWA) (NYSE: JWB), a global research and learning company, today announced that Ella Balagula has been named Wiley’s new Executive Vice President of Wiley’s Publishing segment.
Prior to joining Wiley, Ms. Balagula was Senior Vice President and General Manager of Engineering Solutions at Elsevier, one of the world’s largest providers of scientific, medical, and technology information, where she was responsible for commercial go-to-market, product management, software development and content acquisition and production in the engineering and academic segments. Ms. Balagula also served as CEO of Knovel – a decision-support solution under Elsevier that enables corporate engineers and engineering students to confidently answer technical questions, drawing upon trusted data from more than 130 providers through a cloud-based platform with powerful search and interactive analytical tools.
“Ella Balagula is precisely the kind of world-class change leader we need to optimize our unique and valuable publishing assets – including our STM, professional, and education book content, brands, franchise authors, customers and partnerships,” said Matthew Kissner, Interim CEO and Chairman. “Time and again, Ella has proven herself in the development of successful new business models, redesign of product platforms, transformation of product development mindsets and procedures, buildout of innovative partnerships, and the realization of meaningful revenue and profitability growth.”
Prior to Elsevier, where she also served as Senior Vice President, Engineering and Technology Markets and Vice President, Strategy and Business Development, Corporate Markets, Ms. Balagula was a Principal for A.T. Kearney in their Pharma and Healthcare Division, where she led teams that managed large strategic and operational projects for global Fortune 500 clients. Such projects included corporate growth strategy, channel optimization, and organizational design. Prior to A.T. Kearney, she worked for Citibank and Towers Perrin. She holds an MBA from MIT Sloan School of Management and an MS in Mathematics from Odessa National University in the Ukraine.
“Wiley is one of the largest, most respected, and most enduring publishers in the world, and I am honored by the opportunity,” said Ms. Balagula. “I am coming to an organization with an exceptional foundation – terrific assets, strong partnerships, and talented employees. I look forward to working with the team to build on that foundation and create something truly special.”
- EBSCO Industries promotes David Walker as new CEO
EBSCO Industries, headquartered atop Oak Mountain off Highway 280, announced Wednesday that Vice President, Chief Financial Officer and Chief Operating Officer David Walker has been promoted to to Chief Executive Officer effect Sept. 1.
Walker succeeded Tim Collins, who will remain with the company as President of EBSCO Information Services, the largest of EBCSO’s businesses and a provider of information resources to libraries worldwide. Collins assumed the role in July 2014. Walker is a graduate of Auburn University who first joined EBSCO in 2000 as the General Manager of Military Service Company, EBSCO’s original business. In 2001, Walker became EBSCO’s first Mergers and Acquisitions Manager. In 2010, he was promoted to Chief Financial Officer, and four years later became Chief Operating Officer.
“We are fortunate to have someone as capable as David to step into the role of CEO for EBSCO,” EBSCO Chairman Bryson Stephens said in a press release. “Over the years, David’s role has continued to expand and his leadership across our company has grown significantly. He has a strong understanding of our businesses and our vision for the future.”
Elton B. Stephens founded EBSCO Industries in 1944. EBSCO has divisions and subsidiaries in 23 countries employing almost 6,000 people.
- Clarivate Analytics board member Annette Thomas to lead Scientific and Academic Research business
Clarivate Analytics, the global leader in providing trusted insights and analytics to enable the research ecosystem to accelerate discovery, announced today that Annette Thomas, previously appointed to the Clarivate board, will join the company in September as Chief Executive Officer of its Scientific and Academic Research division, well-known for its industry-leading Web of Science platform. Thomas will lead the global team from its London office.
Thomas brings nearly 25 years of experience to this role including Managing Director of Nature Publishing Group, Chief Executive Officer of Macmillan Science and Education and most recently Chief Scientific Officer and global head of Springer Nature’s research business. She also serves as a Trustee and board member of The Yale Corporation, the governing board and policy-making body for Yale University.
Thomas will focus on expanding the company’s leadership position in the scientific and academic research market. No stranger to this task, she has spent her career building businesses in scientific and educational publishing, technology and analytics, beginning as a cell biology editor for Nature. For more than 15 years, she was at the helm of Nature, transforming it from a handful of print-based scientific magazines into one of the most highly regarded, digitally-focused research information groups in the world. While at Nature and Macmillan, Thomas expanded the group globally and diversified the business, including the launch of Digital Science, a technology and analytics company. She was also an early advocate of open access, driving Nature’s developments in this area.
“Annette has consistently built and led teams that have out-paced the market in terms of growth, by being customer-focused, brand-led and pushing the boundaries of what it means to be a scientific publisher. Her advocacy for open access and dedication to improving the researcher ecosystem has already influenced and benefitted our strategy at Clarivate,” said Jay Nadler, CEO of Clarivate Analytics. “She played an integral role in our recent acquisition of Publons and our partnership with Impactstory.”
“Annette has been a valuable member of the Clarivate Analytics board since she joined in March,” said Kosty Gilis, Managing Director at Onex Corporation and Chairman of the board. “As she transitions to her new executive leadership role within Clarivate, her vision and expertise will clearly benefit the Scientific and Academic Research business and the Web of Science brand.”
“It is an exciting time in the research community and specifically at Clarivate Analytics,” said Thomas. “There is a tangible opportunity to transform the way in which the discovery, evaluation and impact of scientific research occurs, and Clarivate Analytics, with world-renowned brands such as Web of Science, extensive reach across the market and its independent and neutral status, is the best positioned organization to do so. It will be a pleasure working with the shareholders, who have demonstrated their commitment to invest in transformational opportunities, and leading this exceptional team, as they pioneer new approaches to become the trusted arbiter of quality and impact for researchers, funders and the entire research community.”
- Derk Haank, Chief Executive Officer to retire and to be succeeded by Daniel Ropers
Derk Haank is to retire from his role as Chief Executive Officer (CEO) Springer Nature by the end of 2017. Derk will be succeeded by Daniel Ropers, currently CEO of bol.com, who will join Springer Nature on October 1 and work with Derk until December to ensure a smooth transition.
Derk has thirty years of experience in the academic publishing industry, almost half of which have been with Springer. He joined Springer Science+Business Media in 2004 as its CEO and drove the migration of content from print to digital, re-inventing the academic book market in the process. Throughout his career, Derk championed new business models and in 2008, led the acquisition of BioMed Central which together with Springer’s own open products led Springer Science+Business Media to become the leading open access publisher in the world.
The culmination of his career was the merger of Springer Science+Business Media with the majority of Macmillan Science and Education in 2015. He became CEO of the newly created Springer Nature and for the past two years led the integration of the businesses to become the world’s leading open access publisher, the number one academic book publisher and publisher of the most influential journals.
Derk Haank, CEO, Springer Nature, commented: “I’m at the stage in my career when I’d like to step back from a CEO role and try something a little different and a little less all consuming. The fact that we have found a great successor in Daniel makes this now possible. I am very proud of all that we’ve have achieved together at Springer Nature over the past two years. Whilst I will certainly miss the company and the people that I’ve worked with, this feels like a good time to hand over the reins to someone new. The critical merger related activities are behind us and our growth strategy is bearing fruit. I will be leaving Springer Nature in the capable hands of a strong and highly experienced Management Board and in Daniel, a new CEO who will no doubt bring fresh insight and passion to a business that will remain close to my heart”.
Daniel Ropers is an experienced CEO with a proven track record of building successful B2C businesses that lead the market. He joins Springer Nature from the digital sector where he co-founded online retailer bol.com in 1999, becoming CEO in 2000. During his 17 years as CEO, Daniel created the leading retail brand in Benelux with a reputation for excellent personalised shopping, reliability and customer service. After two consecutive periods under Private Equity ownership, he steered the sale of bol.com to Benelux based retail group Ahold Delhaize in 2012 and remained its CEO.
Daniel Ropers, CEO, bol.com, commented: “Growing up in Germany to a family of scientists, the Springer and Nature brands really needed no explanation. I am excited and honoured to be joining a complex industry which is undergoing digitally driven change, to work with people from around the world passionate about what they do and to contribute to the growth of a sector that really matters for the advancement of science, learning and society. I have been impressed by the drive, passion and deep industry knowledge of the Management Board colleagues that I’ve met already at Springer Nature and I very much look forward to working with Derk and the wider team on a smooth transition”.
Stefan von Holtzbrinck, Chairman, Springer Nature Board commented: “Derk has taken Springer Nature and the industry forward and as such, he’s a hard act to follow. He transformed the business from print to digital and created the operational backbone to deliver this at scale. This set us up well for future developments, as did his early moves into Open Access publishing. Springer Nature is now fast becoming a more service orientated business dedicated to helping the community we serve become more successful. The recent launches of pioneering Springer Nature services such as Recommended or SciGraph are cases in point. Although Derk will be hugely missed, we respect his decision to retire and look forward to working with him over the next few months on the transition.
“In Daniel, we have found a CEO who understands the importance of putting customers at the heart of a business and delivering products and services that they want, when they want them and in a way that suits them. From my days as an early investor in bol.com, I know him to be a great colleague with a personality that will be a good cultural fit with Springer Nature. He is well versed and successful in the digital business world with B2B and B2C experience that is key to the future success of all three areas of our business. This experience is equally relevant to helping researchers to advance discovery by serving up relevant information and making their research globally discoverable, helping teachers make use of digital products to be more effective or helping professionals to keep up to date with the latest thinking. “