Michael Hansen

Michael Hansen Email and Phone Number

Chief Executive Officer at Cengage Group @ Cengage Group
Michael Hansen's Location
New York, New York, United States, United States
About Michael Hansen

Leading organizations through challenging business transformation is what I do with great passion. For me, the journey is deeply rewarding; it reflects my own journey from humble roots in Germany's rustbelt to where I am today. I have a track record in developing innovative business models and disruptive strategies, while attracting and nurturing high-performing executive teams. I began leading the transformation at Cengage Group in Fall 2012, initiating a successful Chapter 11 reorganization that helped pave the way for the company’s evolution from a struggling higher-ed print publisher, to now, a portfolio edtech company operating in attractive markets and delivering consistent mid-single-digit revenue and profitability growth. The company is now more than 70% digital, focused on providing ‘Education for Employment’ and helping individuals improve their lives through achieving tangible education outcomes.I strongly believe that company culture is a critical driver of business success and have worked diligently to foster an environment at Cengage Group where trust, transparency and collaboration are foundational. This philosophy and commitment were most exemplified during the COVID-19 pandemic when we instituted “First Fridays” – a routine live forum for employees to hear directly from me on a range of topics pertaining to our business, culture and industry, as well as provide them the opportunity to ask questions. This forum, which is routinely joined by more than a thousand employees live, has been cited by employees as a positive contributor to our culture as part of our annual engagement survey.Prior to joining Cengage Group, I served as CEO of the Health Science Business at Reed Elsevier (now RELX) and Harcourt. My career began at The Boston Consulting Group.Specialties: Company Turnaround, Culture, Transformation, Restructuring, Strategic Planning, Leadership, Education, Higher Education, Online Skills, Workforce Skills, Education for Employment, Customer Engagement.

Michael Hansen's Current Company Details
Cengage Group

Cengage Group

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Chief Executive Officer at Cengage Group
Michael Hansen Work Experience Details
  • Cengage Group
    Ceo, Cengage Group
    Cengage Group Sep 2012 - Present
    Since 2012, I have led the strategy, performance and ongoing evolution of a $1.4B education technology company that serves millions of learners in more than 120 countries every day. Milestones include:• Leading the century-old education publisher through a successful Chapter 11 reorganization that helped pave the way for the company’s transformation from a struggling higher-ed print publisher, to now, a portfolio edtech company operating in attractive markets and delivering consistent mid-single-digit revenue and profitability growth.• Delivering consistent revenue and profitability growth over the last three years during a turbulent period in education, and amidst continued higher education enrollment declines. • Being named one of Fast Company’s Most Creative People in Business in 2020 for leadership in tackling the affordability crisis in higher education with the launch of Cengage Unlimited, the first-ever all-access digital subscription service for higher ed course materials, which has now helped 4.8M+ students save more than $580M. • Evolving Cengage Group’s strategic approach by re-structuring the company into three business units. This revised model allows us to better meet the needs of our student and educator customers, simplify our business model for investors, and accelerate company growth by providing impactful solutions that empower individuals with the education needed to find employment and improve their lives.• During the COVID-19 pandemic, I implemented an intentional focus on building trust and transparency, helping the organization navigate a heightened period of uncertainty and driving significant revenue growth for first time since emerging from bankruptcy.• Recognized by Glassdoor as a Top CEO in both 2018 and 2019
  • Talkspace
    Board Member
    Talkspace Sep 2022 - Present
    New York, New York, Us
  • Elsevier
    Ceo, Elsevier Health Sciences
    Elsevier May 2008 - Sep 2012
    I led the strategic direction and operational performance of this $1.6B global healthcare information company with 3,100+ employees by:• Developing and implementing a successful print–to–digital transition, notably the introduction of a truly groundbreaking reference product: “Clinical Key.” • Transforming a traditional print publisher into an information-services company with an accelerated digital product development process.
  • Reed Elsevier
    President And Ceo, Harcourt Assessment
    Reed Elsevier Aug 2006 - May 2008
    I turned around an unprofitable company to create a $300M business with 1500+ employees and ultimately executed a successful sale of the company by: • Overseeing the rejuvenation of the company’s growth and the restoration of profitability through both new investments and strategic cost-cutting measures.• Emphasizing a culture of accountability and leading change by example• Executing a lucrative sale creating an industry-leading business.
  • Bertelsmann
    Executive Vice President Of Operational Excellence
    Bertelsmann Mar 2001 - Dec 2005
    Gütersloh, De
    At this $20B global media company, I was responsible for the group-wide performance improvement initiative (BEX), including:• Setting the future strategic direction for the 100,000+ employee business. • Overseeing a dramatic turnaround in performance and profitability for the company’s lowest-performing business units.• Identifying and executing large and mid-size merger, acquisitions, and divestitures.
  • Proxicom
    Senior Vice President Of International Operations
    Proxicom Jan 2000 - Mar 2001
    Us
    At this $300M media and service technology company focused on e-business development, I served to globalize and professionalize Proxicom by transforming the company from its startup roots into a profitable, professionally-managed global service firm and supporting a successful sale of the business.
  • The Boston Consulting Group
    Partner
    The Boston Consulting Group Sep 1989 - Dec 1999
    Boston, Massachusetts, Us
    As co-leader of Boston Consulting Group’ e-business and media practice, I was responsible for cultivating the firm’s capabilities in the early development of e-commerce and in establishing strategic external partnerships for the company. In a two-year period, we built the firm’s most successful global business practice area.

Michael Hansen Skills

Strategy Business Strategy Strategic Planning Strategic Partnerships Leadership Mergers And Acquisitions E Commerce Corporate Development Management Consulting Consulting Change Management Entrepreneurship Due Diligence Restructuring Business Development Mergers Business Planning Digital Media Publishing M&a Experience Learning And Development

Michael Hansen Education Details

  • Columbia Business School
    Columbia Business School
    Business
  • The University Of Bonn
    The University Of Bonn
    Law

Frequently Asked Questions about Michael Hansen

What company does Michael Hansen work for?

Michael Hansen works for Cengage Group

What is Michael Hansen's role at the current company?

Michael Hansen's current role is Chief Executive Officer at Cengage Group.

What is Michael Hansen's email address?

Michael Hansen's email address is ha****@****ail.com

What is Michael Hansen's direct phone number?

Michael Hansen's direct phone number is +160922*****

What schools did Michael Hansen attend?

Michael Hansen attended Columbia Business School, The University Of Bonn.

What are some of Michael Hansen's interests?

Michael Hansen has interest in Education, Disaster And Humanitarian Relief, Economic Empowerment.

What skills is Michael Hansen known for?

Michael Hansen has skills like Strategy, Business Strategy, Strategic Planning, Strategic Partnerships, Leadership, Mergers And Acquisitions, E Commerce, Corporate Development, Management Consulting, Consulting, Change Management, Entrepreneurship.

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