SOURCE: Wolters Kluwer NV

April 06, 2010 05:11 ET

Wolters Kluwer Appoints Richard Flynn as CEO of Corporate Legal Services

NEW YORK, NY--(Marketwire - April 6, 2010) -

Senior executive in information services to head business unit for legal and compliance solutions that operates under the CT brand

Wolters Kluwer, a market-leading global information services company focused on professionals, today announced the appointment of Richard Flynn as Chief Executive Officer of Corporate Legal Services (CLS), the business unit that operates under that brand "CT, a Wolters Kluwer business." CLS includes CT Corporation, CT Lien Solutions, CT TyMetrix, CT Summation, and CT Corsearch. Mr. Flynn joins CLS from American Express Company, where he had a proven track record of driving product and marketing innovation, delivering business growth, and providing dynamic leadership and direction.

"We are very pleased with the appointment of Richard Flynn to this position. Richard brings the perfect balance of experience in information services, marketing, finance, and technology to lead CLS," said Nancy McKinstry, CEO and Chairman of the Executive Board of Wolters Kluwer. "His more than 20 years of experience in a diverse set of senior-level positions across several functional disciplines, including driving customer-centric marketing and product development, is a perfect complement to our commitment to maximizing value for customers."

Before joining CLS, Mr. Flynn has held a number of senior-level positions at American Express over the past 18 years. His last position was senior vice president and general manager for OPEN, the market leader of U.S. card businesses dedicated to small businesses. In that role, he led the product strategy to deliver innovations for the B2B marketplace, focusing on product line management, new product development, key partnerships, and customer experience. Prior to that, he was the senior vice president and general manager of Cardless Payments, responsible for new product and business development to win market share in key high-growth electronic payment categories, including Online Payments and Recurring Bills. He also has extensive information services experience as the senior vice president of U.S. Information Management and Global Privacy where he led a large scale transformation of the database marketing organization, resulting in a best-in-class operation and strengthening information assets as a competitive advantage for the company. In addition, Mr. Flynn led research and development efforts in emerging payment technology, including Contactless and Mobile Phones.

"The CT portfolio of companies are all leading brands in their categories, with the people, products, and processes to differentiate themselves from the rest of their market," Richard Flynn said. "In my new role, I look forward to using my in-depth understanding of marketing innovation and B2B product strategy to drive CT's expansion and take its success to the next level."

Mr. Flynn takes over from Chris Cartwright, formerly the CEO of the Corporate & Financial Services division who was managing CLS on an interim basis, and will report directly to Nancy McKinstry from CLS's New York City headquarters. Mr. Cartwright held the temporary leadership role since November 2009.

Mr. Flynn received a bachelor's of science degree in Finance and International Business from New York University and a master of business administration in Finance and Accounting from the New York University Leonard N. Stern School of Business.

Note to the press: A resume and portrait of Mr. Flynn is available, or please contact Members of the press in the United States can also contact Jonathan Klein of Articulate Communications Inc. at 212.255.0080, ext. 15 or at

About CT

CT, a Wolters Kluwer business, delivers the people, products and processes to drive transparency, ensure accountability and provide organized, accurate and actionable information for legal, financial and insurance professionals. CT's products and services - and CT Corporation, CT Corsearch, CT Lien Solutions, CT Summation and CT TyMetrix - empower organizations to make better business decisions and be more efficient in today's highly transparent business environment.

About Wolters Kluwer

Wolters Kluwer is a market-leading global information services company. Professionals in the areas of legal, business, tax, accounting, finance, audit, risk, compliance, and healthcare rely on Wolters Kluwer's leading, information-enabled tools and solutions to manage their business efficiently, deliver results to their clients, and succeed in an ever more dynamic world.

Wolters Kluwer has 2009 annual revenues of EUR3.4 billion, employs approximately 19,300 people worldwide, and maintains operations in over 40 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.

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Forward-looking Statements

This press release 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.

Contact: Albertine Schor                      Jon Teppo
          Communications Manager               Vice President,
                                               Investor Relations
          Wolters Kluwer                       Wolters Kluwer
          + 31 (0)172 641 453                  + 31 (0)172 641 407


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