NEW YORK: Thomson Reuters Corp has begun searching for a successor to Chief Executive Officer Jim Smith, who oversaw the sale of a majority stake in the news and information provider's financial-data business to a Blackstone Group Inc-led consortium last year, the Financial Times reported on Sunday.
Thomson Reuters enlisted search firm Spencer Stuart to draw up a list of candidates to replace Smith, the newspaper reported, citing four people with knowledge of the succession process. The reported move follows Blackstone's agreement earlier this year to sell the financial-data business, now called Refinitiv, to London Stock Exchange Group for US$27 billion.
David Thomson, the company's chairman, said the board"is fully supportive of Jim Smith and his management team. We are aligned on strategy and direction.""To be clear, I'm not planning to go anywhere soon," Smith said."Please know that when the time comes to hand over the reins, you will hear it from me."Source: Reuters
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