Wiley (WLY) Hires Xerox Veteran as CFO with $550k Salary & 100% Bonus

On June 23, 2025, John Wiley & Sons, Inc. (NYSE: WLY, WLYB) filed a Form 8-K announcing the appointment of Craig Albright as Executive Vice President and Chief Financial Officer, effective June 26, 2025.

Rhea-AI Filing Summary

On June 23, 2025, John Wiley & Sons, Inc. (NYSE: WLY, WLYB) filed a Form 8-K announcing the appointment of Craig Albright as Executive Vice President and Chief Financial Officer, effective June 26, 2025. Albright brings more than 30 years of global finance, strategy and consulting experience, most recently as CFO, Americas & Global Cash Center Lead at Xerox (2020-2024), where he oversaw business units with annual sales between $100 million and $2 billion, drove cost-savings initiatives and launched an organic-growth program that generated $300 million in new revenue.

Key compensation terms outlined in his employment letter include:

• Base salary of $550,000
• Eligibility for an Executive Annual Incentive Plan award targeted at 100 % of base salary
• Eligibility for annual Executive Long-Term Incentive Program grants targeted at 200 % of base salary
• Domestic relocation assistance and customary severance/change-in-control protections

Interim CFO Chris Caridi will return full-time to his roles as Senior Vice President, Chief Accounting Officer and Finance Transformation Leader.

The company states that Albright has no family relationships with directors or executive officers and is not involved in related-party transactions. Supporting documents include the employment letter (Exhibit 10.1) and the related press release (Exhibit 99.1).

Positive

• Permanent CFO appointment ends interim leadership period, adding stability to financial strategy.
• Albright’s 30-year track record in cost savings and revenue growth could strengthen Wiley’s operational execution.
• Detailed compensation disclosure provides transparency and indicates alignment with shareholder interests.

Negative

• None.

Insights

Financial Analyst

TL;DR: Permanent CFO hired; seasoned Xerox veteran, clear pay package, ends interim phase—slightly positive for continuity and strategy.

The move replaces the interim finance head with a seasoned executive who has proven cost-control and growth credentials at Xerox. Compensation appears market-aligned for a mid-cap publisher, suggesting no outsized shareholder dilution. Albright’s track record of improving cash conversion and delivering organic revenue initiatives could help Wiley navigate industry digitization pressures and margin constraints. Continuity risks are low as interim CFO Chris Caridi remains CAO, preserving institutional knowledge. No immediate financial metrics were disclosed, so impact is strategic rather than numerical, but clarity in leadership typically enhances investor confidence.

8-K Event Classification

2 items: 5.02, 9.01

2 items

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

Item 9.01 Financial Statements and Exhibits Exhibits

Financial statements, pro forma financial information, or exhibit attachments filed with this report.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

Who was appointed CFO of John Wiley & Sons (WLYB)?

Craig Albright was named Executive Vice President and Chief Financial Officer.

When will Craig Albright assume the CFO role at WLYB?

His appointment is effective June 26, 2025.

What is Craig Albright's base salary at Wiley?

The employment letter sets his base salary at $550,000.

What incentive opportunities does the new CFO receive?

He is eligible for a 100 % annual bonus and 200 % long-term equity incentive of base salary.

Does the filing mention any related-party transactions involving the new CFO?

No; the company states there are no such transactions and no family ties with directors or officers.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 06/23/2025 - 08:01 AM Learn about SEC filing dates

FALSE000010714000001071402025-06-182025-06-180000107140us-gaap:CommonClassAMember2025-06-182025-06-180000107140us-gaap:CommonClassBMember2025-06-182025-06-18

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934

June 18, 2025

(Date of Report)

(Date of earliest event reported)

JOHN WILEY & SONS, INC.

(Exact name of registrant as specified in its charter)

New York

(State or other jurisdiction of incorporation)

			001-11507						13-5593032
			(Commission File Number)						(IRS Employer Identification No.)
			111 River Street, Hoboken New Jersey						07030
			(Address of principal executive offices)						(Zip Code)
			Registrant’s telephone number, including area code:						(201) 748-6000

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions.

☐			Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐			Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐			Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐			Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of each class

Trading Symbol(s)

Name of each exchange on which registered

Class A Common Stock, par value $1.00 per share

WLY

New York Stock Exchange

Class B Common Stock, par value $1.00 per share

WLYB

New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.

John Wiley & Sons, Inc. (the “Company”) issued a press release today, June 23, 2025, announcing the appointment of Craig Albright as Executive Vice President and Chief Financial Officer, reporting to President and Chief Executive Officer, Matthew S. Kissner, effective June 26, 2025. Mr. Chris Caridi, the Company's Interim Chief Financial Officer, will continue with the role of Senior Vice President, Chief Accounting Officer and Finance Transformation Leader.

Mr. Albright joins Wiley with over 30 years of global leadership expertise in finance, strategy, and consulting roles. He recently served as CFO, Americas and Global Cash Center Lead at Xerox from 2020 through 2024, where he oversaw multiple business units with annual sales ranging from $100 million to $2 billion, drove portfolio decisions, delivered significant cost savings, and instituted programs to improve cash conversion. Prior to that, he served as CFO, Commercial Excellence of Xerox overseeing strategic finance activities for three product divisions, including reporting, performance management, FP&A and capital allocation. He developed an organic growth program that identified strategic opportunities and performance indicators, resulting in $300 million in new revenue. In addition, Albright has successfully led finance organizations through global economic crises and disruptions while driving organic and inorganic growth and consolidating enterprise systems.

In connection with his appointment, Mr. Albright will receive:

•A base salary of $550,000.

•Eligibility to participate in the Company’s Executive Annual Incentive Plan, with a target incentive equal to 100% of base salary.

•Eligibility to participate in annual grants under the Company’s Executive Long-Term Incentive Program (ELTIP), with a target long-term incentive equal to 200% of base salary.

•Eligibility for domestic relocation support, as detailed in his employment letter.

Mr. Albright’s employment letter also provides for certain severance and change in control benefits. Pursuant to his employment letter, Mr. Albright is subject to certain confidentiality obligations, and non-compete and non-solicitation covenants. The foregoing description is a summary and is qualified in its entirety by reference to the employment letter, a copy of which is attached as Exhibit 10.1 to this Current Report on Form 8-K and is incorporated in its entirety herein.

A copy of the press release announcing the appointment of Mr. Albright as Executive Vice President and Chief Financial Officer is attached as Exhibit 99.1 to this Current Report on Form 8-K.

Mr. Albright has no family relationship with any member of the Board of Directors of the Company or any executive officer of the Company and is not a party to any transactions listed in Item 404(a) of Regulation S-K. There are no arrangements or understandings between Mr. Albright and any other persons pursuant to which he was appointed Executive Vice President and Chief Financial Officer of the Company.

Item 9.01 Financial Statements and Exhibits.

Exhibit No. Description

10.1 - Employment Letter dated June 18, 2025.

99.1 - Press release dated June 23, 2025.

104 - Cover Page Interactive Data File (embedded within the Inline XBRL document).

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized.

JOHN WILEY & SONS, INC.

(Registrant)

By

/s/ Matthew S. Kissner

Matthew S. Kissner

President and Chief Executive Officer

Dated: June 23, 2025