Wiley appoints Craig Albright as new CFO effective June 26

HOBOKEN, N.J. - Wiley (NYSE:WLY), a global leader in research and education publishing with a market capitalization of $2.35 billion and impressive gross profit margins of 74%, announced Monday the appointment of Craig Albright as executive vice president and chief financial officer, effective June 26, 2025.

Albright brings over 30 years of finance leadership experience, most recently serving as CFO, Americas and Global Cash Center Lead at Xerox. In that role, he oversaw business units with annual sales between $100 million and $2 billion and implemented programs to improve cash conversion.

Chris Caridi, who has been serving as Wiley’s interim chief financial officer, will continue with the company as senior vice president, chief accounting officer and finance transformation leader.

"Craig’s exceptional track record of driving high-quality growth globally through disciplined investment and innovation, cost synergies, and operating efficiency lines up perfectly with our strategic objectives," said Matthew Kissner, president and CEO of Wiley. According to InvestingPro data, Wiley has demonstrated strong financial discipline, maintaining dividend payments for 31 consecutive years and achieving a 17% return over the past week.

Albright previously served as CFO, Commercial Excellence at Xerox, where he developed an organic growth program that identified strategic opportunities resulting in $300 million in new revenue, according to the company’s press release statement.

The appointment comes as Wiley recently reported its Fiscal 2025 earnings showing growth in revenue, margins, and free cash flow.

Albright said, "The Company’s strong core business, coupled with its clear strategic priorities, creates multiple pathways for value creation."

Wiley describes itself as one of the world’s largest publishers and a global leader in research and education, providing content, services, platforms, and knowledge networks. InvestingPro analysis indicates the company is currently undervalued, with additional ProTips and detailed metrics available in the comprehensive Pro Research Report, which provides deep-dive analysis of Wiley among 1,400+ top US stocks.

In other recent news, John Wiley & Sons reported impressive fourth-quarter earnings for fiscal year 2025, surpassing analyst expectations. The company achieved an earnings per share (EPS) of $1.37, exceeding the projected $1.31, and reported revenue of $443 million, which was above the anticipated $434.9 million. This performance is part of a broader trend for the company, which saw a 318% increase in adjusted EPS for the full fiscal year and a 3% rise in full-year adjusted revenue to $2.1 billion. Additionally, John Wiley & Sons continues to expand its AI licensing efforts, contributing significantly to revenue growth, with AI licensing revenue totaling about $40 million for the year. The company has set ambitious targets for fiscal year 2026, including a free cash flow target of $200 million and an adjusted EPS range of $3.90 to $4.35. Analyst firms have noted the company’s strong financial management and strategic initiatives, which have contributed to its robust performance. The company also announced a significant divestiture, securing $120 million in cash proceeds from its university services business, which will be used to reduce debt. These developments reflect a positive trajectory for John Wiley & Sons as it continues to focus on digital and AI-driven innovations.

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