Thomson Reuters: James Smith Named New CEO, Company Also Announces New Organizational Structure

From a TR Announcement:

The new organizational structure and leadership it will adopt as of January 1, 2012. This new, integrated structure aligns our business with our key customer segments and will consist of the following business units:

• Financial & Risk: David Craig, president
• Legal: Mike Suchsland, president
• Intellectual Property & Science: Chris Kibarian, president
• Tax & Accounting: Brian Peccarelli, president
• Global Growth Organization: Shanker Ramamurthy, president

On December 31, 2011, Thomas H. Glocer, chief executive officer of Thomson Reuters and Reuters Group PLC since 2001, will retire and be succeeded on January 1, 2012 by James C. Smith, currently chief operating officer of Thomson Reute
rs. Mr. Glocer will also retire as a director of Thomson Reuters on December 31, 2011.
The business unit leaders named above will report to Mr. Smith, as will Editor-in-Chief Stephen J. Adler, Susan Taylor-Martin, president of Media and Jon Robson, who will head a new business development office.
“By the end of this year, the organizational, strategy and budget work I have been leading will be complete, and the transition plan I launched last summer will have achieved its objectives,” said Mr. Glocer. “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.”
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Mr. Smith has wide-ranging management experience across the organization. Prior to being appointed chief operating officer of Thomson Reuters, he served as chief executive officer for the Professional division, overseeing the corporation’s legal, tax and accounting, healthcare and science business information segments. Before that, [our emphasis] Mr. Smith served as chief operating officer of The Thomson Corporation and also as president and chief executive officer of Thomson Learning’s Academic and Reference group, where he led the higher education, academic publishing, courseware and reference businesses.

Read the Complete Announcement
See Also: Reuters CEO Glocer to Be Replaced by No. 2 (via Bloomberg)

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