Wolters Kluwer Tax & Accounting appoints Frans Klaassen as SVP and General Manager of its TeamMate business unit

Rhea-AI Summary

Wolters Kluwer Tax & Accounting has appointed Frans Klaassen as the new Senior Vice President and General Manager of the TeamMate business unit, succeeding Jim Dunham. Klaassen brings extensive experience from leading the Canada and Research & Learning segments and has been with the company since 2010. His role aims to enhance the TeamMate solutions for internal audit professionals, responding to evolving regulatory demands. Wolters Kluwer reported a revenue of €4.6 billion in 2020 and its shares trade as ADRs on the OTC market under the symbol WTKWY.

Positive

• Frans Klaassen's appointment may bring fresh perspectives and strengthen leadership in the TeamMate unit.
• Klaassen's previous success in leading software solutions could enhance TeamMate's offerings.

Negative

• Transitioning leadership could create potential continuity concerns during the adjustment period.

NEW YORK--(BUSINESS WIRE)-- Wolters Kluwer Tax & Accounting today announced that it has appointed Frans Klaassen as Senior Vice President and General Manager of its global TeamMate business unit. Klaassen replaces Jim Dunham who is stepping down from the position to pursue other career interests.

The award-winning TeamMate global expert solutions help internal audit professionals at organizations across all industries around the world manage audit & compliance risks and business issues through targeted, configurable, and efficient software technologies. This ecosystem of cloud-based and on-premise solutions provides organizations with the combined assurance they need to manage all aspects of risk identification and assessment, electronic working paper creation and management, controls framework management, and data analysis.

“As Audit becomes increasingly important on multiple levels, we see synergies between supporting accounting firms’ audit needs and the needs of their clients for internal audit capabilities,” said Karen Abramson, Chief Executive Officer, Wolters Kluwer Tax & Accounting. “Frans has a long history of defining and refining go to market efforts to meet customer needs and to drive results. His global experience will help ensure that the global TeamMate business meets the current needs of our customers while working to define the future.”

In his previous role, Frans Klaassen led the Canada and Research & Learning segments in the Wolters Kluwer Tax & Accounting North America business. During this time, he successfully led these organizations in delivering cutting-edge software solutions and expert online research platforms to tax & accounting professionals across North America. Frans Klaassen joined Wolters Kluwer in 2010 and held several management roles in the company’s Legal & Regulatory division in the Netherlands before moving to the Tax & Accounting division in 2017.

Prior to Wolters Kluwer, Klaassen worked in the media industry; he began his career with Procter & Gamble in the Netherlands and Germany, where he held various positions as a financial and marketing professional.

“The TeamMate business has a strong track record of delivering innovative internal audit technologies that help organizations of all sizes across the world identify and manage risks more quickly,” said Frans Klaassen. “I am excited to lead this talented team of experts so we can define and deliver the next generation of expert solutions that auditors need to meet the evolving regulatory and reporting requirements.”

About Wolters Kluwer

Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk and compliance; and legal and regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with advanced technology and services.

Wolters Kluwer reported 2020 annual revenues of €4.6 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 19,200 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.

Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt (ADR) program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

For more information, visit www.wolterskluwer.com, follow us on Twitter, Facebook, LinkedIn, and YouTube.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220118005313/en/

MARISA WESTCOTT

212-771-0853

marisa.westcott@wolterskluwer.com

Source: Wolters Kluwer

FAQ

Who is the new General Manager of Wolters Kluwer's TeamMate business unit?

Frans Klaassen has been appointed as the new Senior Vice President and General Manager.

What is the background of Frans Klaassen in Wolters Kluwer?

Klaassen has been with Wolters Kluwer since 2010, previously leading the Canada and Research & Learning segments.

What are the expected benefits of Klaassen's appointment for TeamMate?

Klaassen's leadership is expected to enhance TeamMate's internal audit solutions and meet evolving customer needs.

What does Wolters Kluwer's TeamMate business unit do?

TeamMate provides internal audit solutions to help organizations manage risks and compliance through software technologies.

What revenue did Wolters Kluwer report in 2020?

Wolters Kluwer reported annual revenues of €4.6 billion in 2020.