Thomson Reuters names Smith as COO
Jim C Smith, chief executive office of the professional division of business intelligence service Thomson Reuters, has been named chief operating officer of the company.
As a result of the appointment, the current divisional structure within the business – the markets and professional divisions, will be altered at the end of the year.
"The changes we are announcing today will streamline our organization and enable us to work better across business units to achieve growth and capture operating efficiencies from scale," said Thomas H. Glocer, chief executive officer of Thomson Reuters.
"The professional markets in which we operate are marked by increasing collaboration among specialists and Thomson Reuters must operate with the speed and agility needed to serve these demanding professionals.
"I am very pleased that Jim Smith has agreed to step into this new role. I have worked closely with him as he has driven growth across the businesses of our current Professional division. I look forward to working with Jim and the senior management team in this new, flatter operating model," added Glocer.
Meanwhile Robert D. Daleo, chief financial officer for the company will retire in July, having been with Thomson Reuters for 17 years.
He will be succeeded by Stephane Bello, currently chief financial officer for the professional division, taking the role from 1 January 2012. Daleo will then servce as vice chairman until his retirement.