Wiley CEO Napack steps down

In the US, Wiley president and CEO Brian Napack has resigned from the company, reports Publishers Weekly.

Napack has held the roles of president and CEO since December 2017. He will be replaced by interim CEO Matthew Kissner, who previously served as interim CEO prior to Napack’s appointment.

In June, Wiley announced a restructure that involved selling a number of its businesses—including its university services program, the talent development program Wiley Edge, and digital learning platform CrossKnowledge—as it looked to streamline the company’s operations to focus on research and learning. The restructure came following a ‘challenging’ 2023 fiscal year in which sales and earnings didn’t meet expectations, and a declaration from executives that 2024 would be a ‘transition year’.

In its announcement, Wiley said that Kissner ‘will leverage his in-depth knowledge of Wiley’s operations and his professional experience to execute this plan and ensure a smooth transition.’ Wiley didn’t state whether it’s currently searching for a permanent CEO.

‘A highly experienced C-level executive and Wiley veteran, Matt brings a deep understanding of Wiley’s markets, operations, and people,’ company board chair Jesse Wiley said in a statement. ‘He is well-positioned to hit the ground running as we advance our plans to materially improve profitability and performance and drive consistent growth in the years to come.’

Category: International news