Clarivate Plc

Good morning. Thank you for attending the Clarivate Q2 2024 Earnings Conference Call. My name is Alyssa, and I will be your moderator today. All lines will be muted during the presentation portion of the call, with an opportunity for questions and answers at the end. I would now like to pass the call to our host, Mark Donohue, Vice President, Investor Relations. Please go ahead.

Thank you, and good morning, everyone. Thank you for joining us for the Clarivate Second Quarter 2024 Earnings Conference Call. As a reminder, this conference call is being recorded, webcast, and is copyrighted property of Clarivate. Any rebroadcast of this information, all or in part, without prior written consent of Clarivate is prohibited. An accompanying earnings call presentation is available in the investor relations section of the company's website. During our call, we make certain follow-looking statements within the meaning of the applicable securities laws. Such follow-looking statements involve known, unknown risks, uncertainties, and other factors They may cause the actual results, performance, or achievements of the business or developments in Clarivate's industry to differ materially from the anticipated results. Performance, achievements, or developments expressed are implied by such follow-up statements. Information about the factors cause actual results to differ materially from anticipated results. Performance can be found in Clarivate's filings with the SEC and on the company's website. Our discussion will include non-GAAP measures or adjusted numbers. I believe non-GAAP results are useful in order to enhance an understanding of our ongoing operating performance, but they are supplement to and should not be considered isolation from or as a substitute to GAAP financial measures. Reconciliations of these measures to GAAP measures are available on our earnings release and supplemental presentation on our website. With me today are Andy Snyder, Chairman of the Board, Jonathan Gere, Chief Executive Officer, Bondi Shemtov, our new and coming Chief Executive Officer, and Jonathan Collins, Chief Financial Officer. After our prepared remarks, we'll open up the call to your questions. And with that, it's a pleasure to turn the call over to Andy Schneider.

Thanks, Mark. And hello, everyone. Thanks for joining us this morning. With today's news, I'd like to first take this opportunity to thank Jonathan Gere for his leadership and clarity. I know I'm speaking for the entire board when I say we are grateful for Jonathan's many contributions to the company. Jonathan joined Clarivate during a challenging time for the business. During his tenure, he has been instrumental in restructuring and strengthening our organization, laying the foundation for the next phase of Clarivate's value creation journey. We've had many productive conversations, and Jonathan and the board have determined that now is the right time to transition the leadership of Clarivate. We're grateful that Jonathan has agreed to assist in the transition in a non-executive role after he steps down as CEO. I want to be clear about one thing. The foundation of our businesses is strong and our future remains bright. Over the past three years, I've had an up-close view into Clarivate's operations, strategy, and growth opportunities as a member of the board. It's clear to me that we have a tremendous senior leadership team and that there are many growth opportunities ahead. Looking ahead, we are very pleased that Matty Shemtove will be joining Clarivate as our next CEO and will be an important driver of the long-term success of Clarivate. I've had the privilege of working with Matty at ProQuest where he was CEO for nearly five years. I've seen firsthand the positive impact he's had, the driving value across an organization. I'm certain Matty will leverage his deep expertise and people-first leadership style to build on Clarivate's many successes by driving execution and performance to deliver profitable growth, increase product innovation, and drive value creation for all stakeholders. Given Matti's decades of leadership experience, the board and I are confident that he is well-suited to partner with our senior management team to lead Clarivate during the next phase of its growth. With that, it's my pleasure to turn the call to Matti. Thank you, Andy.