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(This Release Is Posted On Behalf Of Wolters Kluwer U.S.)
Wolters Kluwer Names Executives To Head U.S. Operations, CCH INCORPORATED
(CHICAGO, November 13, 1998) Wolters Kluwer nv (WK), the Dutch publishing
company, said today that it has named Hugh J. Yarrington, president and CEO of CCH
INCORPORATED (CCH), Riverwoods, Ill., to the position of president, Wolters Kluwer U.S.
John M. Marozsan, CCH chief operating officer, will succeed Yarrington as President and
CEO of CCH, a leading tax and business law publisher and Wolters Kluwers largest
operating unit. The appointments are effective January 1, 1999.
Marozsan will serve in his new capacity until his retirement date in July 1999.
Leadership succession at CCH thereafter will be announced at a later date.
Yarrington, who also will become a member of Wolters Kluwer Executive Board in January,
will oversee the companys legal and tax publishing companies in North America. He
succeeds Peter van Wel, a member of the Wolters Kluwer Executive Board, who has been
responsible for U.S. operations since the late 1980s and is returning to the Netherlands
to assume new Executive Board responsibilities. The International Healthcare Publishing
division of Wolters Kluwer, including Lippincott Williams & Wilkins, Facts and
Comparisons, Ovid Technologies and Adis will continue to report to van Wel.
"It has been an extremely challenging time here in the U.S. for the past nine
years where operations have grown from $100 million in 1989 to more than $1 billion,"
said van Wel. "Approximately 40 percent of our employees, sales and cash flow now are
attributed to North America. The appointment of a highly qualified American to head
Wolters Kluwer U.S. -- as well as to the Wolters Kluwer Executive Board -- ensures we will
keep our fingers on the pulse of this important market."
Yarrington has headed CCH since 1996 and served earlier as its senior vice president
and publisher directing a comprehensive re-engineering of the companys content
creation, technology and new product development activities.
Marozsan has had responsibility for the companys Business and Finance, Health and
Human Resources and CCH Canadian units, as well as Operations, Customer Service and
"John has had a long and distinguished career with Wolters Kluwer," said van
Wel. "He played an important role in integrating CCH successfully into the Wolters
Kluwer U.S. organization after its acquisition by Wolters Kluwer three years ago."
Marozsan is a 30-year veteran of the professional publishing industry, with experience
in editorial, operations, finance and marketing. He joined CCH three years ago from Aspen
Publishers, where he was president and CEO. The Gaithersburg, Md., business law and health
care publisher is also a Wolters Kluwer U.S. company.
Wolters Kluwer is a multidomestic publishing company active in 26 countries. Core
activities are legal and tax publishing, business publishing, medical/scientific
publishing and educational publishing/professional training. The company has a sales level
of approximately Dfl. 6 billion and has approximately 15,000 employees. The corporate
website of Wolters Kluwer on the Internet can be accessed at http://www.wolters-kluwer.com.
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