SOURCE: Wolters Kluwer Corporate Legal Services

Wolters Kluwer Corporate Legal Services

March 22, 2011 10:00 ET

Wolters Kluwer Corporate Legal Services Appoints Thomas Nestor as Executive Vice President, Finance

Former American Express Executive Takes Leadership Role at CLS

NEW YORK, NY--(Marketwire - March 22, 2011) - Wolters Kluwer Corporate Legal Services (CLS), the leader in legal process and business performance management, today announces the appointment of Thomas Nestor as executive vice president (EVP), finance. In this role, he is responsible for leadership of the company's finance organization and is also part of the CLS executive team.

Nestor brings nearly 20 years of experience in financial services to CLS. He's held a number of progressively senior-level positions at American Express, his most recent as the vice president and lead financial officer for the U.S. Consumer Card Group. In this role, Nestor provided critical insight on business performance issues and identified strategic opportunities to optimize the P&L and drive growth. He played a key role in leading American Express's response to the CARD Act legislation by developing the framework for new pricing and fee models that enabled credit card businesses to conform to unprecedented legislation while optimizing profitability. In addition, Nestor was integral to the successful launch of the Plum Card, the first payments card product designed for small business with trade terms functionality -- a true marketplace innovation.

"Tom is an ideal candidate for this position. He brings a combination of financial discipline, rigorous analytics and a collaborative leadership style to CLS," said Richard Flynn, president & CEO of Wolters Kluwer Corporate Legal Services. "His ability to drive innovation and achievement from financial and business intelligence will be integral toward helping CLS achieve its aggressive goals."

In addition to his experience with American Express, Nestor has held senior-level positions with Philip Morris USA, Daimler-Benz North America and KPMG Peat Marwick.

"In today's rapidly changing information age, companies who have access to data on a global scale can really set themselves apart from the competition," said Nestor. "Wolters Kluwer CLS not only has the data, but the insight and expertise to help its customers make better-informed decisions based on that data. I am extremely excited to be part of that."

Nestor has a Master of Business Administration with an emphasis in finance from New York University's Leonard N. Stern School of Business and a Bachelor of Science in accounting from the University of Scranton. His position is based in CLS's New York offices.

About Wolters Kluwer Corporate Legal Services
Wolters Kluwer Corporate Legal Services is the leader in legal process and business performance management. It delivers the people, products and processes to drive transparency, ensure accountability and provide organized, accurate and actionable information for legal, financial and insurance professionals. CLS's businesses -- CT Corporation, Corsearch, CT Lien Solutions and TyMetrix -- empower organizations to make better business decisions and be more efficient in today's highly transparent business environment.

Wolters Kluwer Corporate Legal Services is a business of Wolters Kluwer, a market-leading global information services company with annual revenues (2010) of €3.6 billion and approximately 19,000 people across Europe, North America, Asia Pacific and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Visit www.wolterskluwer.com

Contact Information

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    Stacy Nobles
    Wolters Kluwer Corporate Legal Services
    212.590.9058
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