Reed Elsevier announces appointment of Chief Financial Officer

  Reed Elsevier announces appointment of Chief Financial Officer

Business Wire

LONDON -- January 7, 2014

Regulatory News:

                                                                  7.00am (GMT)

                                                                7 January 2014

Reed Elsevier today announced the appointment of Nick Luff as Chief Financial

Nick will join the company from Centrica plc, a FTSE 30 company and the UK’s
biggest consumer energy group, where he has been CFO since 2007. Prior to this
he was at P&O, the FTSE 100 logistics and shipping group, as well as its
affiliated companies, including P&O Princess Cruises and Royal P&O Nedlloyd.
While at P&O, he worked for 15 years in a variety of senior finance roles,
including CFO of the parent company for seven years. He has a first class
degree in mathematics from the University of Oxford and is a qualified UK
Chartered Accountant.

Nick serves as a Non-executive Director of Lloyds Banking Group plc. He served
as a Non-Executive Director at QinetiQ Group plc, the defence, aerospace and
security services company, until December 2010, and at Royal P&O Nedlloyd NV
from 2003 to 2005.

Erik Engstrom, Reed Elsevier Chief Executive, said: “I am pleased to have Nick
join the team. His many years of experience as Finance Director of a FTSE 30
company, combined with his involvement in dual UK/US and Netherlands-based
listings, make him a great fit for Reed Elsevier.”

Nick will take over in 2014 from Duncan Palmer who announced his resignation
in September 2013 and will leave the business when a hand-over has been

Anthony Habgood, Reed Elsevier Chairman said: “On behalf of the Reed Elsevier
Boards, I would like to thank Duncan Palmer for the positive contribution that
he made to Reed Elsevier. I am sorry that his family circumstances require him
to return to the US and I wish him well for the future. I would like to
welcome Nick as our new CFO. We look forward to benefiting from his
long-established skills in running the finances of FTSE100 companies.”

Nick will be appointed to the Boards of Reed Elsevier PLC, Reed Elsevier Group
plc and Reed Elsevier N.V. subject to the approval of shareholders. The
effective date of his appointment remains to be confirmed.

There are no additional Directorships to disclose in respect of paragraph
9.6.13R (1) and no details to disclose in respect of paragraph 9.6.13R (2) to
(6) of the Listing Rules.

                                   - ENDS -

Notes to editors

About Reed Elsevier Group plc

Reed Elsevier Group plc is a world leading provider of professional
information solutions. The group employs approximately 28,500 people of whom
half are in North America. Reed Elsevier Group plc is owned equally by two
parent companies, Reed Elsevier PLC and Reed Elsevier NV; the combined market
capitalisation of the two parent companies is approximately £19bn/€23bn. Their
shares are traded on the London, Amsterdam and New York Stock Exchanges using
the following ticker symbols: London: REL; Amsterdam: REN; New York: RUK and

          Issued on behalf of Reed Elsevier PLC and Reed Elsevier NV


Paul Abrahams (Media)
Tel : +44 20 7166 5724
Colin Tennant (Investors)
Tel: +44 20 7166 5751
Press spacebar to pause and continue. Press esc to stop.