Company: Wolters Kluwer, Alphen aan den Rijn, The Netherlands
Company Description: Wolters Kluwer is an information services provider which enables legal, tax, finance, and healthcare professionals to be more effective and efficient. We provide information, software, and services that deliver vital insights, intelligent tools, and the guidance of subject-matter experts.
Nomination Category: Individual Awards Categories
Nomination Sub Category: Female Executive of the Year – Business Products –More Than 2,500 Employees

Nomination Title: Nancy McKinstry, CEO and Chairman of the Executive Board

Describe for the judges the activities and accomplishments of the nominated executive since the beginning of July last year (up to 525 words):

Dubbed the ‘Digital CEO’, Nancy McKinstry, CEO and Chairman of the Executive Board of Wolters Kluwer, is a change agent who saw the future of the professional publishing industry eleven years ago when she took the helm to successfully transform a company based upon her unyielding vision. McKinstry has dramatically recast the 175+-year old traditional Dutch publishing house to a forward-looking, customer-facing global information services provider.

During the last year, McKinstry continued the successful transformation with impressive results:

• Under Ms. McKinstry’s leadership, the stock price went up to nearly 21 Euros as compared to 18.5 Euros at this time last year – and, up from 14.43 Euros on September 1, 2003 (when she assumed her CEO role), an increase of approximately 45%.

• Digital and services revenue accounted for 81% of 2014 Total Half Year revenues as compared to 77% of 2013 Total Half Year revenues – and, as compared to 45% when she became CEO in 2003.

• And the resiliency of the business just keeps increasing as recurring subscription revenue at the Half Year 2014 now accounts for 78% of its total business, up from 77% this time last year – and, up from 60% in 2003.

In the last twelve months, McKinstry has continued her focus on transforming the portfolio to digital solutions via investments in new products and solutions along with acquisitions that enable expansion into new markets, including:

- Among many other new product introductions in the last year, the company’s Tax & Accounting division launched CCH Axcess, the industry’s only cloud-based solution built from the ground up to handle all tasks associated with the tax process from return preparation and compliance to file storage and practice, which has won a number of industry awards, and was named by Accounting Today as one of 2014’s Top New Products.

- In the company’s Health division, the Virtual Simulation Learning Tool (vSim for Nursing) was launched, which is a co-development with Laerdal Medical. The new virtual simulator for Nursing provides an interactive learning experience that helps nursing educators promote better and safer patient care.

- The company’s Financial & Compliance Services division introduced major enhancements to their enterprise governance, risk and compliance management platform this past year. This enhanced solution provides banks with actionable regulatory intelligence and the ability to perform risk assessments across many more jurisdictions than ever before. In fact, one of the world’s largest banks is now using the solution to conduct compliance risk assessments to help ensure they are adhering to more than 48,000 rules across 70 countries.

- To further enhance their leadership position in providing best-in-class legal technology solutions to transform the business of law, in April of 2014, Wolters Kluwer acquired the remaining shares of Datacert. Apart from the significant operational synergies, the combination of Wolters Kluwer TyMetrix and Datacert creates a new level of value, breadth, and choice to organizations of all types and sizes in the legal, claims, and risk markets. It enables the company to continue to enhance their Enterprise Legal Management (ELM) product line.

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Provide a brief biography of the nominated executive (up to 125 words):

Nancy McKinstry (USA, 1959) is Chief Executive Officer and Chairman of the Executive Board of Wolters Kluwer since September 1, 2003, and Member of the Executive Board since June 1, 2001. Before assuming her present position, Ms. McKinstry gained more than two decades of experience at information companies. She is a member of the Board of Directors of Abbott and Russell Reynolds Associates, as well as serving on a number of Advisory Boards. Ms. McKinstry takes an active role in mentoring women within the company, many of whom have achieved senior leadership roles. In McKinstry’s 10+ years at Wolters Kluwer, the percentage of senior female leadership has increased from 20% in 2003 to 50% in 2013.