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Wolters Kluwer Tax and Accounting Names Tennola to Lead Business Development
(RIVERWOODS, ILL., April 18, 2007) – Wolters Kluwer Tax and Accounting (WK TAA), a global leader in providing tax and accounting law information, software and services, has named Paul Tennola as Vice President of Business Development.
Tennola will focus on the continued implementation of Wolters Kluwer’s strategic plans for best serving tax and accounting professionals worldwide by finding new market opportunities and successfully managing business development activities throughout WK TAA’s four businesses: CCH, a Wolters Kluwer business; CCH Asia Pacific; CCH Small Firm Services; and CCH Canadian.
“This is a very exciting time in the tax and accounting industry and for Wolters Kluwer Tax and Accounting,” said Kevin Robert, WK TAA CEO. “As we reach new heights in terms of the size of our business and our global reach, I am very pleased to have someone with Paul’s extensive experience in business development, finance and overall business management to drive growth.” Tennola will report to Robert.
Tennola has 19 years experience in business development, merger and acquisitions, finance and strategic planning. Throughout his career, he has held a series of positions leading different business processes to help drive top performance. Prior to joining WK TAA, Tennola served as Business Development Group Vice President for SunGard Data Systems, where he was responsible for directing all partnership and merger and acquisition activities.
As the Chief Operating Officer / Chief Financial Officer of DerivaTech, Inc., Tennola led strategic development activities, including planning, budgeting, process and organizational improvements, as well as directedoperations, financial, treasury, information technology, legal, human resources and administrative functions. He also served as a Vice President at GE Financial where he directed all business development activities.
“I’m honored to join Wolters Kluwer and look forward to advancing CCH’s leadership as a strategic partner to tax and accounting professionals worldwide,” Tennola said.
A long-time resident of the Midwest, Tennola is a graduate of Indiana University, with a bachelor of science degree in finance. He also is a Six Sigma Master Black Belt.
About Wolters Kluwer Tax and Accounting
Wolters Kluwer Tax and Accounting is a global leader in providing tax and accounting law information, software and services. A division of Wolters Kluwer, the unit includes four businesses serving tax and accounting professionals with market-leading solutions worldwide: CCH, a Wolters Kluwer business; CCH Asia Pacific; CCH Canadian; and CCH Small Firm Services.
Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory, and education sectors. Wolters Kluwer has annual revenues (2006) of €3.7 billion, employs approximately 19,900 people worldwide and maintains operations across Europe, North America, and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. For more information, visit www.wolterskluwer.com.
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