Wolters Kluwer: plunge with departure of CEO

(CercleFinance.com) - Wolters Kluwer is down nearly 10% in Amsterdam, after the publishing group announced, on the sidelines of the publication of its annual results, the planned departure in February 2026 of its Chairman of the Executive Board and CEO, Nancy McKinstry.


At the AGM on May 15, the Supervisory Board will appoint Stacey Caywood, the current CEO of Wolters Kluwer Health, as a member of the Executive Board, with a view to appointing her as the Group's new CEO in a year's time.

For its 2024 financial year, Wolters Kluwer posted adjusted EPS up 9% to 4.97 euros, with an adjusted operating margin of 27.1% on sales up 6% organically to 5.92 billion euros.

A total dividend up 12% to 2.33 euros will be proposed for 2024, along with share buybacks of one billion euros in 2025. For the current year, the Dutch company forecasts a "single-digit average" percentage increase in adjusted EPS.

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