Thomson Reuters names new CEO, earnings top estimates

NEW YORK: Thomson Reuters Corp said on Tuesday it had appointed former Nielsen Holdings Plc president Steve Hasker as its new chief executive officer, succeeding Jim Smith.

Neil Masterson and Brian Peccarelli will continue in their roles as joint chief operating officers at the company. "If you ask me what I am most proud of is the people in Thomson Reuters, and what we do every day and the difference that we make in the world,” Smith said in an interview. Regarding Hasker, Smith added,"He's going to focus on ... accelerating the growth rate and new plans, and I think he'll be able to do that."

Smith’s defining accomplishment was the sale he engineered of a 55per cent stake in the company's financial division in 2018 to Blackstone Group Inc , valuing the business at US$20 billion. Blackstone subsequently struck a deal to sell the unit, now called Refinitiv, to the London Stock Exchange Group Plc .

With Thomson Reuters back on strong footing under Smith’s leadership, the board wanted to recruit an executive who would chart a long-term growth strategy for the company, two sources familiar with the matter said.

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