SOURCE: Wolters Kluwer NV

October 05, 2009 11:18 ET

Wolters Kluwer Appoints Punnika Kharas as Executive Vice President Global Business Process Outsourcing & Sourcing

ALPHEN AAN DEN RIJN, NETHERLANDS--(Marketwire - October 5, 2009) -

Alphen aan den Rijn (October 5, 2009) - Wolters Kluwer, a market-leading global information services and publishing company focused on professionals, announced today the appointment of Punnika Kharas as Executive Vice President, Global Business Process Outsourcing (BPO) & Sourcing, effective immediately. In this newly created role, Ms. Kharas will be focusing on the harmonization of business process and data models in the areas of sourcing, process standardization, and off-shoring to guide Wolters Kluwer's simplification and productivity objectives.

Ms. Kharas was previously Global Business Process Owner for Wolters Kluwer as of January 2009, supporting the organization's Springboard program. She joined Wolters Kluwer in 2001 as Chief Financial Officer of the Legal, Tax & Regulatory Europe division. Prior to that Ms. Kharas was Finance Director Customer Services Division EMEA at Compaq. She had gained broad experience in several management positions in financial and planning & analysis functions for the European, the Middle East, and African markets at various companies, including Digital Equipment and Borg Warner Chemicals.

Tom Lesica, CEO Global Shared Services for Wolters Kluwer, said, "In support of strengthening the worldwide implementation of Global Shared Services (GSS) at Wolters Kluwer, the GSS group will be able to benefit from Punnika's rich international business experience and knowledge about our industry and company. We are very pleased that Punnika and her team will continue to partner with business leaders throughout Wolters Kluwer to achieve the scale benefits of technology reuse, aggregated purchasing power, and lean, standardized processes. Her new role will allow us to further advance operating leverage." Ms. Kharas is a Certified Accountant (U.K.) and has a Bachelor of Commerce from the University of Mumbai, India. Ms. Kharas will report to Tom Lesica, CEO Global Shared Services, and will be based at the company's corporate office in Alphen aan den Rijn, the Netherlands.

Note to the press: Portrait pictures and resume of Ms. Kharas are available on request, please contact

About Wolters Kluwer

Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal, and regulatory sectors. Wolters Kluwer had 2008 annual revenues of EUR 3.4 billion, employs approximately 20,000 people worldwide, and maintains operations in over 35 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. Visit for information about our market positions, customers, brands, and organization.

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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.

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Contact Information

  • Contact:
    Caroline Wouters
    Vice President,
    Corporate Communications
    Wolters Kluwer nv
    + 31 (0)172 641 459
    Email Contact

    Kevin Entricken
    Vice President,
    Investor Relations
    Wolters Kluwer nv
    + 31 (0)172 641 407
    Email Contact