Wolters Kluwer N.V. announcing that, in March, the company intend to bring together four of the company's global enterprise software businesses to form a new division, Corporate Performance & ESG, to meet the growing demand from corporations and banks for integrated financial, operational, and ESG performance management and reporting solutions. This new division will be comprised of the following global software units: Corporate Performance (CCH Tagetik, including U.S. Corporate Tax) - EHS/ORM Software (Enablon) - Finance, Risk & Reporting - Internal Audit Solutions (TeamMate). All four businesses serve global corporations and banks with cloud and on-premise solutions and have leading market positions in their specific areas of expertise.

Combining these assets will allow the company to accelerate synergies and leverage their combined global strengths to pursue a growing market opportunity. Corporate Performance & ESG will be led by Karen Abramson, who has been CEO of the company's Tax & Accounting division for the past 9 years. Jason Marx, currently leading North America Tax & Accounting, will be appointed CEO of the Tax & Accounting division.

The Governance, Risk & Compliance (GRC) division will become Financial & Corporate Compliance and will comprise CT Corporation and Compliance Solutions, which provide legal services and banking compliance software, content, and lien solutions to mainly U.S. businesses. Steve Meirink will be appointed CEO of Financial & Corporate Compliance. Steve has been EVP and General Manager of Compliance Solutions for the past 7 years.

Last year, Richard Flynn, currently CEO of GRC, informed the company of his plans to pursue new experiences outside Wolters Kluwer. The company thank him for his many contributions to the company.