By Will Feuer
John Wiley & Sons Chief Executive Brian Napack has exited the company, months after laying out a turnaround plan for the book publisher that included selling non-core businesses and reining in costs.
Matthew Kissner, a former Wiley chairman who stepped in as interim CEO in 2017, has returned to the CEO post on an interim basis. The company said Kissner will execute on the restructuring plan laid out by Napack in June.
Wiley, which publishes the For Dummies series and other educational books, also canceled its investor day, which was scheduled for Thursday.
“I’m confident in the recent portfolio decisions the Company has made and the intensified focus on Wiley’s core businesses,” Kissner said.
Chairman Jesse Wiley said the company will work to develop the next-generation of leadership for the company.
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