Wiley c.e.o. and president Steve Smith [pictured] has announced his retirement, with current chief operating officer Mark Allin set to take over the role.
Smith will finish at the company on 1st June 2015, retiring for health reasons. In February, Smith took a leave of absence to focus on treatment for urological cancer, a condition he was successfully treated for in 2011.
Smith has served as president and c.e.o. of Wiley since 2011. He first joined the company in 1992 as vice president for Wiley Asia, holding a number of roles before replacing Will Pesce in the top job.
Peter Wiley, chairman of the company said: "Steve is retiring from Wiley with a significant legacy. He was instrumental in building up our international operations, particularly in the Asia-Pacific region, and he successfully managed the integration of our largest-ever acquisition (Blackwell in 2007). As c.e.o., he divested our consumer publishing assets, acquired a number of very important solutions businesses in education and professional learning, and restrained the cost basis of our business, freeing up funds to invest in digital learning experiences and solutions. We are grateful for his many accomplishments over the years and wish him and his family the very best in retirement.”
Allin has been at Wiley for 14 years, first joining the company when the business he founded, Capstone Publishing, was acquired by Wiley in 2000. He was appointed c.o.o. earlier this year.
Smith said it was "an honour and a privilege" to be Wiley's 11th c.e.o., adding: "Over the past five years, we have made significant progress in our transformation to a knowledge company specializing in learning solutions. Over 60% of our revenue is now generated from digital content and solutions compared to 37% in fiscal year 2010. Mark and I have worked closely together for many years, collaborating on everything from business development and customer relations to talent development and strategy. He is a tremendous asset to Wiley. Finally, I am grateful to have befriended so many colleagues around the world, from my time in Singapore and then Chichester and Oxford, to the last six years in Hoboken. I wish them all well.”