LONDON, July 11, 2022 /PRNewswire/ -- Clarivate Plc
(NYSE:CLVT), a global leader in providing trusted information and
insights to accelerate the pace of innovation, today announced that
Jerre Stead, Executive Chair and
Chief Executive Officer, is retiring from his CEO role effective
September 1, 2022, but will continue
as Non-Executive Chair of the Board of Directors. During Mr.
Stead's tenure as Clarivate CEO, the company has nearly tripled in
size both in revenue and colleague population, delivered strong
cash flow, completed multiple strategic acquisitions, and aligned
into a customer- and colleague-centric enterprise.
With this transition, the board of directors has selected
Jonathan Gear to succeed Mr. Stead.
Mr. Gear is joining Clarivate as CEO-elect and a member of the
board of directors on July 11, 2022.
Mr. Gear will become Chief Executive Officer on September 1, 2022, at which time Mr. Stead will
become Non-Executive Chair.
Mr. Gear brings 23 years of executive leadership experience in
technology, data and information services companies, most recently
as Chief Financial Officer of IHS Markit, where he helped guide the
company through its successful merger with S&P Global. While at
IHS Markit, Mr. Gear also served as President of the Energy,
Transportation and CMS business segments, leading the P&Ls for
approximately $2.6 billion in
revenue. Mr. Gear holds a BA in Political Economics from the
University of California-Berkeley and
an MBA from Stanford University.
Mr. Stead said: "It has been my great honor to lead Clarivate as
CEO over the past three years. With a solid strategic plan in place
and the acceleration of growth being driven by an amazing team of
colleagues around the world, I feel we are well-positioned for the
future. I am looking forward to spending more time with
Mary Joy, my wife and partner for
over 60 years, our wonderful family, and working together to
support Clarivate as well as our many charitable and community
relationships across the globe.
"I have had the pleasure of working with Jonathan Gear for over 15 years and believe his
experience coupled with his leadership capabilities are a perfect
match for Clarivate," Mr. Stead added. "He brings a deep
understanding of our markets, our business model and the
opportunities we have. I look forward to working with Jonathan as
we continue our pursuit of excellence at Clarivate."
Mr. Gear said: "This is a very exciting time to join Clarivate
and become the company's next CEO. We will continue our efforts to
make Clarivate one of the best companies in the world and a valued
partner for the customers we serve."
Anthony Munk, Lead Independent
Director for Clarivate, said: "Jerre
Stead is such a remarkable leader and accomplished CEO, we
feel great about the progress he's driven across the company, most
notably through the One Clarivate business model and building a
leadership team prepared to partner with and deliver for customers,
colleagues and shareowners around the word. We are particularly
pleased that we have been able to bring a high-caliber executive
such as Jonathan Gear to Clarivate
as our next CEO as he leads the company into an exciting
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