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 and AMSTERDAM, March 4,
2024 /PRNewswire/ -- 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
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SOURCE Clarivate Plc