Former Macmillan President, Senior Advisor at Providence Equity, and Director at Education and Media Companies to Join Preeminent Research and Learning Company
John Wiley and Sons, Inc. (NYSE:JWA) (NYSE:JWB), a global research and
learning company and one of the world’s leading publishers, today
announced that Brian A. Napack has been named its new President and CEO,
effective December 4. Mr. Napack succeeds Matthew Kissner, who has
served as interim CEO since May of 2017. Mr. Kissner, a 14-year veteran
of Wiley’s Board of Directors, will remain as Chairman.
“I am delighted to introduce Brian Napack as the 14th CEO in
Wiley’s proud 210-year history of empowering discovery, advancement, and
learning,” said Mr. Kissner. “After a thorough and thoughtful search,
the Board of Directors unanimously agreed on Brian as the type of proven
leader that can drive our continuous evolution as the trusted,
innovative partner that our customers rely on to deliver the critical
content, tools and services that they need to meet their goals. Brian
has the deep industry experience, the passion for our business, and the
leadership ability to get us there.”
Mr. Napack has an extensive background as a leader and innovator in the
media, education, and information industries. He comes to Wiley from
Providence Equity Partners, a global private equity firm with more than
$50 billion under management, where he has been a Senior Advisor focused
on investments in education and media.
Mr. Napack currently serves as a Director on the Boards of Blackboard,
Houghton Mifflin Harcourt, Burning Glass, Ingram Industries, Recorded
Books, myON, Synergis Education, and Zero To Three, a science-based
early childhood advocacy organization. Due to the Wiley appointment, he
will transition off certain of these boards.
Before joining Providence in 2012, Mr. Napack served as president of
Macmillan, the global content publisher, where he oversaw businesses in
education, consumer books, digital media and magazines. At Macmillan, he
helped to drive significant, profitable growth and to transform the
company from a traditional publisher to an innovative provider of
digital content, tools, and services to its rapidly changing
institutional and consumer markets. Macmillan’s brands include Farrar
Strauss & Giroux; St. Martin’s Press; Henry Holt; Bedford, Freeman, &
Worth; and Scientific American.
Prior to Macmillan, Mr. Napack was a partner at LEK Consulting, a global
management consulting firm, where he led strategy, operations, and M&A
engagements throughout the media, entertainment, and communications
industries. Before that, he founded and was CEO of ThinkBox, a digital
media company focused on pre K-12 education. At The Walt Disney Company,
he founded and ran Disney Educational Publishing and was a co-founder of
Disney Interactive. Earlier in his career, he held senior roles at Simon
& Schuster, the global publishing company, and A.T. Kearney, a leading
management consulting company. Mr. Napack received his MBA from Columbia
University and a BA in Economics from Middlebury College.
“It is truly an honor to join Wiley at such an important moment in the
Company’s history,” said Mr. Napack. “I have long admired Wiley’s
foundational strength – its deep history, its culture of excellence, its
world class publishing assets, and its strong financial position. I look
forward to working with my new Wiley colleagues around the world to
tackle the many exciting opportunities and challenges being presented by
our markets and, in doing so, continue our tradition of exceeding the
expectations of our customers, partners and shareholders.”
Jesse Wiley, Director and member of the seventh generation of the Wiley
family, said: “Brian Napack brings years of proven success navigating
digital change and driving innovation in publishing, media, and
education. In our 210th year of advancing knowledge and
learning, we welcome his energy, direction, and leadership as well as
his passion for our mission and the customers we serve. I would also
like to take this opportunity to thank our Chairman, Matthew Kissner,
for his stewardship, deep engagement, and strong initiative during his
tenure as interim CEO. In a short time, he has made a positive impact in
our organization that I know Brian will build on.”
About Wiley
Wiley, a global research and learning company, helps people and
organizations develop the skills and knowledge they need to succeed. Our
online scientific, technical, medical, and scholarly journals, combined
with our digital learning, assessment and certification solutions help
universities, academic societies, businesses, governments and
individuals increase the academic and professional impact of their work.
For more than 200 years, we have delivered consistent performance to our
stakeholders. The company's website can be accessed at www.wiley.com.
"Safe Harbor" Statement under the Private Securities Litigation
Reform Act of 1995
This release contains certain forward-looking statements concerning the
Company's operations, performance, and financial condition. Reliance
should not be placed on forward-looking statements, as actual results
may differ materially from those in any forward-looking statements. Any
such forward-looking statements are based upon a number of assumptions
and estimates that are inherently subject to uncertainties and
contingencies, many of which are beyond the control of the Company, and
are subject to change based on many important factors. Such factors
include, but are not limited to (i) the level of investment in new
technologies and products; (ii) subscriber renewal rates for the
Company's journals; (iii) the financial stability and liquidity of
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and retail accounts; (v) the market position and financial stability of
key online retailers; (vi) the seasonal nature of the Company's
educational business and the impact of the used book market; (vii)
worldwide economic and political conditions; (viii) the Company's
ability to protect its copyrights and other intellectual property
worldwide (ix) the ability of the Company to successfully integrate
acquired operations and realize expected opportunities and (x) other
factors detailed from time to time in the Company's filings with the
Securities and Exchange Commission. The Company undertakes no obligation
to update or revise any such forward-looking statements to reflect
subsequent events or circumstances.
John Wiley and Sons, Inc.
Investor:
Brian Campbell, 201-748-6874
brian.campbell@wiley.com
or
Media:
Tom Griffin, +441865476213
tgriffin@wiley.com