Paul Morton to join Reed Elsevier as Head of Group Tax
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World leading publisher and information provider Reed Elsevier Group plc has announced the appointment of Paul Morton as Head of Group Tax.
Morton starts on Monday, 20 June and will be based in the company’s London headquarters. He joins Reed Elsevier from Royal Dutch/Shell where he was Head of Tax for the Oil Products division, one of its four major trading businesses. Morton has held a number of senior tax appointments at Royal Dutch/Shell in The Hague and in London since he joined from KPMG in 1989 and brings with him a wealth of international tax experience.
Morton will report to Paul Richardson, Group Treasurer, and will have responsibility for all aspects of global tax planning and compliance, formulation of tax strategy for the group and the structuring of acquisitions and disposals. The regional tax heads in the UK, the Netherlands and US will each report to Paul Morton.
Commenting on the appointment, Mark Armour, Chief Financial Officer of Reed Elsevier, said: “I am delighted to welcome Paul to the team. He has a proven track record of managing and developing major tax functions, structuring international operations and advising on the tax aspects of complex transactions. He brings with him a reputation for excellence in the tax functions he has managed.”
Notes to Editors
Reed Elsevier Group plc is a world leading publisher and information provider. It is owned equally by its two parent companies, Reed Elsevier PLC and Reed Elsevier NV. The parent companies are listed on the London, Amsterdam and New York Stock Exchanges, under the following ticker symbols: London: REL; Amsterdam: REN; New York: RUK and ENL. In 2004, Reed Elsevier made adjusted profit before taxation of £1,027 million/€1,510 million on turnover of £4,812 million/€7,074 million. The group employs 35,600 people, including approximately 20,000 in North America. Operating in the scientific, legal, educational and business-to-business sectors, Reed Elsevier provides high value and flexible information solutions to professional end users, with increasing emphasis on internet delivery.
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For further information please contact:
Patrick Kerr: +44 (0)20 7166 5646