Cinven announces the appointment of Derk Haank as Chief Executive of Springer.
Cinven and Candover*, leading European buyout specialists, today announce the appointment of Derk Haank as Chief Executive of Springer. Springer is the entity that will arise from the proposed €1.05 billion acquisition of BertelsmannSpringer and subsequent merger with Kluwer Academic Publishers, which was acquired in January 2003 for €600 million. His appointment takes effect from the 1st February 2004.
Derk, (50) has an outstanding track record in the European publishing industry, focusing specifically on scientific and B2B publishing. Most recently, he was Chief Executive of Elsevier, an Executive Board Member of Reed Elsevier NV, as well as a Director of Reed Elsevier PLC and Reed Elsevier Group plc. He has also held a variety of other management positions across Reed Elsevier’s European subsidiary businesses. Derk joined Elsevier in 1986, prior to the merger with Reed International plc in 1993. Before that, he was a lecturer at the Free University of Amsterdam and Head of Research at the Faculty of Economics.
Derk speaks fluent English and Dutch, as well as German.
Simon Leefe, Director of Candover and Brian Linden, Director of Cinven, commented:
“We are clearly delighted that Derk has agreed to join Springer. His track record in the international publishing industry is exemplary. He has spent the last five years expanding Elsevier, the global number one in scientific publishing, and prior to that, he spent seven years growing Reed Elsevier’s European B2B businesses. Derk brings an entrepreneurial outlook, combined with experience of merging global businesses and expanding leading publishing concerns. We very much look forward to working with him.”
Derk Haank, commenting on his future role as Chief Executive of Springer, said:
“This role offers a unique opportunity to create a new international publishing group with ambitious goals for future growth. I will be taking an equity stake in the business and look forward to working alongside a management team who will drive the business forward with investment in Springer’s academic and B2B publishing offerings. The new Group will be better placed to serve the needs of its customers around the world by improving Springer’s products and services for end users.”