Smith to Succeed Pesce as Wiley President and CEO

Mr. Smith said, "I am honored to become Wiley's next President and CEO at such an exciting time in the Company's evolution. Wiley is well positioned to capitalize on growth opportunities around the world. I am confident that the expertise, creativity, and dedication of our colleagues will enable us to build on Wiley's long record of success."

Prior to joining Wiley, Mr. Smith was President of Simon & Schuster's UK Academic and Professional Group, with management responsibility for the European operations of Simon & Schuster and Prentice Hall. During his time with Simon & Schuster, he also spent two years in the Middle East and six years as Managing Director of the Asian subsidiary in Singapore. He received his B.S. from Oxford Brookes University.

Mr. Wiley added, "I want to take this opportunity to thank Will Pesce for his extraordinary leadership during his career at Wiley. Upon his retirement, he will have served the Company for nearly 22 years, including 13 years as Wiley's 10^th President and Chief Executive Officer. Will thoughtfully guided Wiley through the most significant changes in its 203-year history, including consummating the Company's largest acquisition; capitalizing on investments in enabling technology to serve customers better; and generating record financial results. Will has contributed enormously to Wiley's nurturing and supportive culture, which is a tremendous source of competitive advantage for the Company."

Mr. Pesce joined Wiley in 1989 as Vice President responsible for the Educational Publishing Group. He led the revitalization of Wiley's Higher Education business, rebuilding its leadership team and dramatically improving its financial performance. Mr. Pesce was promoted to Executive Vice President and Group President, Educational and International Publishing in 1996, accelerating Wiley's development as a global enterprise. He became Chief Operating Officer of the Company in 1997 and President and Chief Executive Officer in 1998, succeeding Charles Ellis, who recruited him to Wiley. During his tenure, Mr. Pesce was instrumental in the Company's transformative acquisitions; the launch of innovative online products and new business models; the relocation of Wiley's global headquarters to Hoboken, New Jersey; and the achievement of record-setting financial results. His passionate leadership strengthened Wiley's culture and helped the Company earn numerous citations for publishing excellence, outstanding customer service, and as a "Best Company to Work For".