Going Dutch
TURNAROUNDS
As the company's first woman and non-Dutch CEO, Nancy McKinstry was both an insider and an outsider.
For years Walters Kluwer, the $5-billion Amsterdam-based publisher of law, medical and professional books and journals, had a basic strategy: Buy a family-run publishing company, strip out a lot of costs, generate a lot of cash, and buy the next company. The 117-year-old Dutch company operates in 25 countries but derives half its revenues from North America.
Through the 1990s that strategy worked well until the industry started to consolidate in 2000. Competitors Reed Elsevier and Thomson began buying in earnest, leaving few properties left. Multiples …
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Publication information:
Article title: Going Dutch.
Contributors: Not available.
Magazine title: Chief Executive (U.S.).
Issue: 220
Publication date: September 2006.
Page number: 12+.
© 1999 Chief Executive Publishing.
Provided by ProQuest LLC. All Rights Reserved.
This material is protected by copyright and, with the exception of fair use, may not be further copied, distributed or transmitted in any form or by any means.
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