Michael E. Hansen

Michael Ekkehard Hansen is the Chief Executive Officer of Cengage Learning.[1][2] Hansen specialises in the evolution of the educational publishing industry, especially the transition the industry is making from print to digital and the development of new digital product lines.[1][3]

Career

Hansen was born and grew up in Wuppertal, Germany. He received a Master of Law from the University of Bonn, Germany. He then obtained an MBA in from Columbia University. Hansen joined the Boston Consulting Group in New York in 1989, staying for 11 years. He rose to become a partner and co-chairman of the company's e-business and media practice.[1][4] After serving briefly as head of international operations at Proxicom, an internet focused technology company, he moved to Bertelsmann, a German media corporation, as executive Vice President of Operational Excellence.[1]

On August 14, 2006 he became the President and Chief Executive Officer of Harcourt Assessment the educational materials arm of Reed Elsevier. From June 2008 to August 10, 2012 he served as the CEO of Health Sciences at Elsevier B.V., a division of Reed Elsevier. He served as President of Book Fairs and International at the Scholastic Corporation, and became its Executive Vice President since March 2008. Since September 17, 2012 Hansen has been the CEO of Delmar-Cengage Learning and Cengage Learning Holdings II, Inc.[1][4] At the company he has worked on the financial restructuring of the company, which involved filing for Chapter 11 bankruptcy, eliminating approximately $4 billion in funded debt and securing $1.75 billion in exit financing.[5]

Personal life

Hansen is married with three sons, Charles, Leo, and Cooper. He enjoys Bikram yoga.[4]

References
  1. Executive Profile - Michael E. Hansen Scholastic Corp., Bloomberg Research - Consumer Discretionary Sector Bloomberg.com
  2. Wall Street Journal company quotes - Cengage Learning profile quotes.wsj.com
  3. Michael E. Hansen VentureFizz.com Archived 2015-06-17 at the Wayback Machine
  4. Dialogs - Our Conversations with Inspiring People: Michael Hansen northofneutral.com
  5. Chant, Ian (April 1, 2014) Q&A: Cengage Learning CEO Michael Hansen on Coming Out of Bankruptcy libraryjournal.com
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