Tom Glocer to leave Reuters!

Thomson Reuters CEO Tom Glocer is stepping down, replaced by chief operating officer James Smith, following a tough few months for the firm’s markets division and a steady decline in its stock price.

Says Glocer:

“By the end of this year, the organisational, strategy and budget work I have been leading will be complete, and the transition plan I launched last summer will have achieved its objectives. Jim Smith is a very talented executive with whom I have worked closely over the past four years; he is ready to lead Thomson Reuters.”

More on BBC news here  and Fin Extra here

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