General Business

Wiley Announces CEO Transition

Wiley, the Hoboken-based global knowledge company and a leader in research, publishing, and knowledge solutions, has announced the departure of Brian Napack as president and CEO and the appointment of Matthew Kissner as Interim CEO, effective immediately. Kissner previously served as Wiley’s group executive and board chair, as well as Interim CEO from May to December 2017.

In June, Napack and Wiley’s executive leadership announced a value creation plan that includes intensifying focus on the company’s strongest and most profitable businesses, divesting non-core assets, and rightsizing and streamlining the company. Kissner will leverage his knowledge of Wiley’s operations and his professional experience to execute this plan.

“A highly experienced C-level executive and Wiley veteran, Matt brings a deep understanding of Wiley’s markets, operations, and people,” said Jesse Wiley, board chair. “He is well-positioned to hit the ground running as we advance our plans to materially improve profitability and performance and drive consistent growth in the years to come.”

“I’m confident in the recent portfolio decisions the company has made and the intensified focus on Wiley’s core businesses,” said Kissner. “Wiley is in a great position as a market leader in research with strong competitive moats, including must have journal brands, platforms and audience networks, along with a strong balance sheet and solid cash flow. We have strong confidence in our market and our strategies. I look forward to working closely with the leadership team and board of directors to drive execution and ensure a seamless transition.”

Wiley concluded: “In addition to execution of the value creation plan, a critical goal of the Board of Directors and of Matt will be to develop the next generation of leadership at Wiley. The Board thanks Brian for his six years of contributions and hard work. He and Wiley’s leadership team led the Company during a period of rapid change and market disruption including the pandemic. As a result, Wiley is now a more focused company poised for great success.”

To access more business news, visit NJB News Now.

Related Articles: