Thomson Reuters has announced that James Smith would become their new CEO next year.
He would replace Tom Glocer who is stepping down from his position after years at the top position in the company.
This is just the latest management change at this company which is struggling with the performance of their markets division.
Glocer spoke about the latest development at the company: “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.”
Incidentally, he is also going to resign from the company’s board of directors.