Chief Executive Jonathan Gear to Step Down as CEO and Member of
the Board
LONDON, Aug. 6, 2024
/PRNewswire/ -- Clarivate Plc (NYSE: CLVT), a leading global
provider of transformative intelligence, today announced that the
Board has appointed Matti Shem Tov,
former CEO of ProQuest, as the Company's next CEO, effective
August 9, 2024. Mr. Shem Tov will also join the Company's Board of
Directors. Jonathan Gear, Chief
Executive Officer, will step down as CEO and as a member of the
Board at that time, and will transition into a non-executive role
until November 1, 2024.
"The Board and Jonathan have mutually agreed that now is the
right time for new leadership who can help take Clarivate to the
next phase of its value creation journey," said Andy Snyder,
Chairman of the Clarivate Board. "I want to thank Jonathan for his
many contributions to the Company. Under his leadership, Clarivate
restructured into three end-market segments, which reinvigorated
Clarivate's product innovation investments and commitment to its
customers, added terrific talent to the leadership bench, and
helped strengthen the Company's balance sheet. As a result,
Clarivate is now well positioned to utilize the distinct expertise
within each of our business segments to deliver exceptional and
tailored solutions to our customers globally. With this foundation
and the investments we are making in product innovation, we are
confident in our ability to drive organic growth."
Mr. Snyder continued, "I am also pleased to welcome Matti back
to Clarivate, where he will leverage his deep expertise in
innovating and delivering new products to market to help launch
Clarivate in its new phase of accelerated organic growth. Given
Matti's decades of leadership experience, the Board and I are
confident that he is well suited to partner with our exceptional
management team to lead Clarivate."
"I am pleased to join Clarivate as its next CEO," said Mr.
Shem Tov. "I have a tremendous
amount of respect for Clarivate's businesses and its mission of
advancing innovation through research and knowledge sharing to
solve the world's most complex challenges. I am looking forward to
working closely with our committed global colleagues and loyal
customers to accelerate growth, increase product innovation and
drive value creation for all our stakeholders."
"It has been a privilege to lead this dedicated and passionate
team, and I am proud of what we have achieved together," Mr. Gear
said. "The Company has made strong progress managing and
integrating its portfolio of businesses while supporting the needs
of customers and partners. After thorough discussions with the
Board, it's clear that this is the right time to make this
transition. I am confident that Clarivate has a strong future ahead
and I look forward to supporting the Company in my upcoming
non-executive role."
Mr. Shem Tov's appointment
follows a process led by the Board of Directors and supported by
Heidrick & Struggles, a leading global executive search
firm.
Separately, Clarivate today reported results for the second
quarter ended June 30, 2024.
Clarivate will host a conference call and webcast today at
9:00 a.m. Eastern Time to review the
results for the second quarter and discuss the announced leadership
changes.
About Matti Shem Tov
Matti Shem Tov has over 30 years
of global leadership experience with deep expertise in software,
data, and analytics, as well as in driving innovation and growth.
From June 2022 until March 2024, Mr. Shem
Tov served as an operating partner at Lone View Capital, a
private equity firm. Prior to that, Mr. Shem Tov served as Chief Executive Officer of
ProQuest LLC ("ProQuest"), a provider of global data, analytics and
software, to academic, research and national institutions, from
September 2017 to June 2022, including for a period following
Clarivate's acquisition of ProQuest in December 2021. From 2003 until 2017, Mr.
Shem Tov served as President and
Chief Executive Officer of Ex Libris Ltd., leading the company to
become a prominent developer of cloud-based software solutions for
academic, national and research institutions worldwide. Prior to
joining Ex Libris, Mr. Shem Tov
served as President of Surecomp Limited, a global software company
specializing in commercial banking solutions, after serving in
various leadership roles across the company. Mr. Shem Tov received his Bachelor of Arts and his
Master of Business Administration from Bar-Ilan University.
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
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www.clarivate.com.
Investor Contact:
Mark Donohue, Head of Investor
Relations
investor.relations@clarivate.com
215-243-2202
Media Contact:
Amy Bourke-Waite, Senior
Director, Corporate Communications
newsroom@clarivate.com
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SOURCE Clarivate Plc