PHILADELPHIA, Nov. 18, 2016 /PRNewswire/ -- After a long and successful career leading Clarivate Analytics and its predecessor entities, Vin Caraher today announced that he has accepted a position to be a non-executive member of the Clarivate Analytics Board of Directors and will step down from his position as CEO effective January 1, 2017. He will be succeeded by Jay Nadler who is also joining the board of the company.
Caraher spent almost 30 years of his professional career working in different parts of the Thomson Reuters business, over 20 with the IP & Science business. "I've had the opportunity to work with incredibly talented people from around the world and witnessed the company grow into the market leader it is today," said Caraher. "I'm proud of what we've accomplished, and look forward to supporting and offering guidance to the business in my board capacity."
Nadler has 30 years of experience in the information services industry and is returning to the intellectual property and science sector. Nadler has held senior executive roles at a number of other data and information-related companies, including Interactive Data, Information Holdings and MLM Information Services. As Chief Operating Officer of Interactive Data from 2010 to 2016, he led a transformation of the company, invested in its product suite, accelerated revenue growth and improved customer satisfaction. From 2000 to 2005, Nadler was a senior executive at Information Holdings, an intellectual property and science information provider that Caraher and Thomson Reuters acquired in 2004.
"I'm excited to return to the IP and science industry, and honored to re-join the company now known as Clarivate Analytics. The company is well positioned to leverage its leading brands to meet the critical needs of its customers across the innovation lifecycle. I look forward to working with our customers, the talented employees at Clarivate Analytics and Vin," said Nadler.
"We thank Vin for his tremendous commitment to the business and the dedication he has shown throughout his career," said Kosty Gilis, Managing Director at Onex Corporation. "We are grateful he has accepted a position on the board, providing continuity and oversight for Clarivate Analytics as it begins its journey as an independent company. We and our partners at Baring Asia are also pleased to welcome Jay to the role of CEO and look forward to working with him to help grow Clarivate Analytics together."
Onex Corporation and Baring Private Equity Asia recently completed their acquisition of Clarivate Analytics from Thomson Reuters.
Clarivate™ Analytics accelerates the pace of innovation by providing trusted insights and analytics to customers around the world, enabling them to discover, protect and commercialize new ideas faster. Formerly the Intellectual Property and Science business of Thomson Reuters, we own and operate a collection of leading subscription-based businesses focused on scientific and academic research, patent analytics and regulatory standards, pharmaceutical and biotech intelligence, trademark protection, domain brand protection and intellectual property management. Clarivate™ Analytics is now an independent company with over 4,000 employees, operating in 100 countries and owns well‐known brands that include Web of Science™, Cortellis™, Thomson Innovation™, Derwent World Patents Index™, Thomson CompuMark™, MarkMonitor®, Thomson IP Manager™ and Techstreet™, among others. For more information, please visit us at Clarivate.com.