LONDON, Dec. 20,
2022 /PRNewswire/ -- Clarivate Plc (NYSE: CLVT)
today announced that, to further enhance the Company's governance
profile, it has decreased the size of its Board of Directors from
14 to 11 members. Three directors, Balakrishnan S. Iyer, Kosty Gilis and Roxane
White, have voluntarily agreed to resign, effective
immediately.
Following these changes to the Board, 10 of its 11 directors are
independent and 5 of its members, or 45%, are female or racially
diverse.
Andrew Snyder, Chair of the
Clarivate Board, said, "Our decision to reduce the size of the
Board reflects our commitment to operating consistent with best
practices in corporate governance. We believe having a smaller
Board will improve efficiency and decision-making as we focus on
driving long-term profitable growth and enhancing value for
shareholders. Our continuing directors bring diverse and deep
experience in technology, information services, corporate finance,
M&A and human resources."
Mr. Snyder added, "We thank Bala, Kosty and Roxane for their
service and many contributions to the Company. They have been
valued leaders and advisors as the Company entered the public
markets and completed large acquisitions that tripled Clarivate's
size and transformed the Company into a global leader in data,
information and workflow solutions."
Clarivate's continuing Board members include Mr. Snyder,
Valeria Alberola, Michael J. Angelakis, Usama N. Cortas, Adam T.
Levyn, Anthony Munk,
Jane Okun Bomba, Dr. Wendell Pritchett, Richard W. Roedel and Sheryl von Blucher, along
with Jonathan Gear, Clarivate's
Chief Executive Officer.
About Clarivate
Clarivate™ is a global leader in providing solutions to
accelerate the pace of innovation. Our bold mission is to help
customers solve some of the world's most complex problems by
providing actionable information and insights that reduce the time
from new ideas to life-changing inventions in the areas of Academia
& Government, Life Sciences & Healthcare, Professional
Services and Consumer Goods, Manufacturing & Technology. We
help customers discover, protect and commercialize their inventions
using our trusted subscription and technology-based solutions
coupled with deep domain expertise. For more information, please
visit clarivate.com.
Forward-Looking
Statements
This communication contains "forward-looking statements" as
defined in the Private Securities Litigation Reform Act of 1995.
These statements, which express management's current views
concerning future business, events, trends, contingencies,
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"should," "strategy," "strive," "target," "will," and "would" and
similar expressions, and variations or negatives of these words.
Forward-looking statements are neither historical facts nor
assurances of future performance. Instead, they are based only on
management's current beliefs, expectations, and assumptions
regarding the future of our business, future plans and strategies,
projections, anticipated events and trends, the economy, and other
future conditions. Because forward-looking statements relate to the
future, they are difficult to predict and many of which are outside
of our control. Important factors that could cause our actual
results and financial condition to differ materially from those
indicated in the forward-looking statements include those factors
discussed under the caption "Risk Factors" in our annual report on
Form 10-K, along with our other filings with the U.S. Securities
and Exchange Commission ("SEC"). However, those factors should not
be considered to be a complete statement of all potential risks and
uncertainties. Additional risks and uncertainties not known to us
or that we currently deem immaterial may also impair our business
operations. Forward-looking statements are based only on
information currently available to our management and speak only as
of the date of this communication. We do not assume any obligation
to publicly provide revisions or updates to any forward-looking
statements, whether as a result of new information, future
developments or otherwise, should circumstances change, except as
otherwise required by securities and other applicable laws. Please
consult our public filings with the SEC or on our website at
www.clarivate.com.
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SOURCE Clarivate Plc