LONDON - Clarivate Plc (NYSE:CLVT) announced Wednesday that Simon Webster will become President of its Intellectual Property segment effective Wednesday, succeeding Maroun S. Mourad, who will depart at the end of September to pursue other opportunities.The leadership change comes as Clarivate’s stock trades at $2.41, down ~12% over the past week. According to InvestingPro analysis, the stock appears undervalued relative to its Fair Value, suggesting potential upside for investors.
Webster previously served as CEO of CPA Global from 2015 to 2021 before the company’s sale to Clarivate in 2020. He most recently held the position of Group CEO at Vistra, a Singapore-based corporate and fund solutions company, from 2022 to 2025, where he led a $6.5 billion merger with Tricor.
Matti Shem Tov, Chief Executive Officer of Clarivate, stated that Webster’s operating discipline and understanding of customer needs position him to lead the IP segment’s next growth phase. The appointment comes as Clarivate advances its Value Creation Plan.
Webster has more than 20 years of experience in software, technology-enabled services and information services organizations. During his tenure at CPA Global, which began in 2000, he held various senior roles before becoming CEO. He is a Fellow of the Chartered Institute of Management Accountants.
The Clarivate Intellectual Property segment provides IP data, software and services for companies, law firms and organizations managing IP assets. The segment offers solutions covering IP management software, patent services, patent intelligence, brand IP solutions and litigation intelligence.
Clarivate reaffirmed its full-year outlook for 2026 that was provided in its first quarter 2026 financial results press release dated April 29, 2026, according to a company statement. The company, with a market capitalization of $1.54 billion and revenue of $2.45 billion over the last twelve months, maintains impressive gross profit margins of 67%. InvestingPro Tips indicate that net income is expected to grow this year, with analysts forecasting profitability in 2026. For deeper insights, including 13 additional ProTips and comprehensive financial analysis, visit the full InvestingPro Research Report available for CLVT.
Mourad will remain with the company through the end of September to ensure a smooth transition.
In other recent news, Clarivate Plc reported first-quarter results that exceeded analyst expectations, with both earnings and revenue surpassing estimates. This positive outcome is attributed to the company’s Value Creation Plan, which has shown early progress. Additionally, Clarivate reaffirmed its outlook, suggesting confidence in its strategic initiatives moving forward. In further developments, Clarivate announced that shareholders approved all proposals at the company’s 2026 Annual General Meeting. This approval was confirmed through a press release and a recent SEC filing. Of the 642,179,542 ordinary shares entitled to vote, 559,077,435 shares were represented, meeting the quorum requirement. These developments indicate active shareholder engagement and support for the company’s direction.
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