Clarivate Analytics Plc (NYSE: CCC, CCC.WS) (the “Company” or “Clarivate”), a global leader in providing trusted insights and analytics to accelerate the pace of innovation, today announced that Executive Chairman Jerre Stead has agreed to expand his role at the company and become Chief Executive Officer (CEO) effective June 30. As CEO, Jerre will focus on accelerating growth and profitability for Clarivate. Jay Nadler will transition from his role as CEO and member of Clarivate’s board of directors at the end of the second quarter and will serve as an advisor to the company through year-end.
Jerre Stead has had a long and very successful career as a public company CEO generating value for investors including, over the last two decades creating a world leader and one of the fastest growing companies in the information services sector. He recently served as Chairman and CEO at IHS Markit, Ltd. and previously as Executive Chairman and CEO at IHS Inc. Mr. Stead currently serves as Executive Chairman of Clarivate. Stead is fully committed to the CEO position and to leading the company and ensuring that Clarivate delivers against all of its objectives and goals.
“We thank Jay for his strong leadership of Clarivate during such an important period for the Company,” Stead said. “He has been instrumental in developing and executing Clarivate’s initial strategy, building a strong, new leadership team and transitioning to a stand-alone company, all of which will allow the Company to execute against its current year and longer-term objectives.”
“Clarivate has enormous potential for high levels of sustainable, profitable growth and with the separation complete we’re in great shape to capitalize on that potential,” Stead continued. “I am excited to join this talented executive team as we continue to identify and act upon the multitude of new opportunities for growth and profitability across our global operations. I have long admired Clarivate’s businesses and, as CEO of Churchill Capital through the due diligence process and merger with Clarivate, I have learned a lot about the current state of the business and the even greater opportunities that exist for growth. I am excited to take on the lead executive role for the company and to deliver all it can for shareholders. We remain focused on driving profitable growth and cash flow with a continued emphasis on customer excellence and innovation to maximize shareholder value.”