BOARD CHANGES
At the Annual General Meetings this year, Roelof Nelissen and Steven Perrick will retire from the boards. Their broad experience has been invaluable, and we thank them both for their substantial contribution over many years. We were pleased to welcome Patrick Tierney to Reed Elsevier in January this year as global chief executive officer of the Education division. He will be proposed as an executive director at the Annual General Meetings. Prior to joining Reed Elsevier he was chief executive officer of Thomson Financial, part of the Thomson Corporation. We will also be proposing the appointment of three additional non-executive directors: Mark Elliott, Cees van Lede and David Reid. Mark Elliott is General Manager of IBM Europe/Middle East/Africa, Cees van Lede is Chairman of the Board of Management of Akzo Nobel NV and David Reid is Executive Deputy Chairman of Tesco Plc. We are delighted to have secured the services of such experienced individuals to strengthen our boards.