Clarivate and Exor sign agreement
04 März 2024 - 2:30PM
Clarivate and Exor sign agreement
Clarivate and Exor Sign Agreement Under Which Suzanne
Heywood Will Be Nominated to Stand for Election to the Company’s
Board of Directors
Exor becomes a long-term investor in Clarivate,
endorsing the strategic direction set out by the Company’s
Management and Board, and announces it now has a 10.1% shareholding
in the Company and can increase its participation up to
17.5%
London, U.K., and Amsterdam, the Netherlands, March 4,
2024 – Clarivate Plc (NYSE: CLVT), a leading global
provider of transformative intelligence and Exor N.V. (AEX:EXO),
the Netherlands-based diversified holding company, today announced
that Suzanne Heywood will be nominated for election to the
Clarivate Board of Directors at the Company’s next Annual General
Meeting of shareholders on May 7, 2024. Under the terms of the
agreement, Exor, which now owns 10.1% of Clarivate, may increase
its participation up to 17.5% of Clarivate’s outstanding ordinary
share capital.
Jonathan Gear, CEO, Clarivate said: “We welcome Exor’s
commitment to our strategy as a long-term investor. I’m encouraged
by their vote of confidence that conveys faith in our abilities to
deliver solutions that our customers trust to fuel the world’s
greatest breakthroughs.”
Andy Snyder, Chairman of the Board, Clarivate, commented: “We
look forward to Suzanne joining the Board. She will bring
tremendous in-depth experience from multiple Board roles for large
global corporations and her guidance will be invaluable as we
continue to transform Clarivate into a world-leading intelligence
provider.”
Suzanne Heywood said, “We are delighted to be a shareholder of
Clarivate, a global provider of data, analytics, technology and
expert services to several sectors including healthcare. By
bringing our experience of building great companies to the board
level, we look forward to help Clarivate achieve ambitious goals
and express its full potential.”
Suzanne Heywood is the COO of Exor and the Chair of CNH
Industrial N.V. and Iveco Group. She was born in Southampton,
England and has a Science MA from Oxford University and PhD from
Cambridge University that she gained after a childhood spent
sailing around the world on a boat. Suzanne started her
professional career in the UK Treasury. In 1997, she joined
McKinsey & Company where she held increasingly senior positions
including, as a Senior Partner, co-leading McKinsey’s global
service line on operating model change. Suzanne is also a Board
member of The Economist and Louboutin.
# # #
About Clarivate
Clarivate™ is a leading global provider of transformative
intelligence. We offer enriched data, insights & analytics,
workflow solutions and expert services in the areas of Academia
& Government, Intellectual Property and Life Sciences &
Healthcare. For more information, please
visit www.clarivate.com
About Exor
Exor N.V. (AEX: EXO), is a diversified holding company that is
based in the Netherlands and listed on the AEX. For over a century,
Exor has built great companies and made successful investments
worldwide, applying a culture that combines entrepreneurial spirit
and financial discipline. Its portfolio is principally made up of
companies in which Exor is the largest shareholder including
Ferrari, Stellantis, CNH Industrial and Philips. For more
information, please visit www.exor.com
Media contacts
media@exor.com - ir@exor.com
newsroom@clarivate.com – investor.relations@clarivate.com
- Clarivate and Exor sign agreement
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