Thomson Reuters Names Former Nielsen Executive as CEO
February 25 2020 - 8:41AM
Dow Jones News
By Dave Sebastian
Thomson Reuters Corp. has named former Nielsen Holdings PLC
President and Chief Operating Officer Steve Hasker as its chief
executive and president and Mike Eastwood as its finance chief,
among other management changes effective March 15.
Mr. Hasker will succeed Jim Smith, who will become the chairman
of Thomson Reuters Foundation, the media company's charitable arm,
it said Tuesday. The company said Mr. Smith will help Mr. Hasker
transition into his new role into 2021.
After working at Nielsen, Mr. Hasker served as chief executive
of the talent agency CAA Global and later as senior adviser to TPG
Capital.
Thomson Reuters also said it has tapped Mike Eastwood, the
company's senior vice president and head of corporate finance, as
finance chief. He will succeed Stephane Bello, who will become vice
chairman of Thomson Reuters.
Mr. Bello will oversee the company's investment in the Refinitiv
financial-information and terminal business, which is expected to
be sold later this year to London Stock Exchange Group PLC for
nearly $15 billion.
Mr. Bello will stay with the company to help Mr. Eastwood
transition into his new role into 2021, the company said. Mr.
Eastwood has been with the company for more than two decades,
serving in senior roles such as chief operating officer of Thomson
Reuters Latin America.
Under Mr. Smith's tenure as CEO, the company sold its majority
stake in its financial and risk unit for $17 billion to a group led
by Blackstone Group LP in 2018. The business unit struggled to
generate revenue growth over the years, hurt by cutbacks in
spending by banks forced to contend with the fallout from the
credit crisis.
Separately on Tuesday, the company reported higher sales and
better-than-expected adjusted earnings for the fourth quarter.
Thomson Reuters competes in some businesses with Dow Jones &
Co., a unit of News Corp and publisher of The Wall Street Journal
and Dow Jones Newswires.
(END) Dow Jones Newswires
February 25, 2020 08:26 ET (13:26 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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