Thomson Reuters, a multinational media conglomerate, announced the appointment of Steve Hasker as President and Chief Executive Officer, effective March 15. Hasker to succeed Jim Smith, the current President and Chief Executive Officer.
Hasker has also been appointed to the Thomson Reuters Board of Directors, with Smith stepping down as a director. The company has also announced the appointment of Mike Eastwood as new Chief Financial Officer, succeeding Stephane Bello. Stephane Bello to take the role of Vice chairman of Thomson Reuters.
Jim Smith commented on the recent developments. He said, “This is the right time to pass the baton to the next generation of leadership, given the continued success of our business and the spin-off of our market data and trading operations. The organization is on its firmest footing in years. The foundation has been laid for continued success and Steve is the right leader to take us forward. His deep expertise in data, business information, technology and professional services is just what we need to capitalize on the many opportunities the future holds. I am confident handing over the reins and happy to welcome him.”
Hasker went on to serve as global president and chief operating officer of Nielsen before joining TPG – a global alternative asset firm – first as CEO of its portfolio company, CAA Global, and then as senior adviser to TPG Capital. Smith will become chairman of the Thomson Reuters Foundation, which focuses on media freedom, inclusive economies and access to justice around the world.
Hasker started his career with PwC, where he qualified as a Chartered Accountant. He also holds an MBA and a Master’s degree in international affairs from Columbia University.
Steve Hasker commented on his appointment: “Thomson Reuters is an impressive company that I have respected for a long time, so I could not be more excited to join the team. Building on this excellent foundation – a world-class business and a culture of deep expertise and integrity – we have a great opportunity to lead with customers as technology transforms working life. Job one for me is to get on the ground and spend plenty of time with our customers and employees.”
David Thomson, chairman of the Thomson Reuters board of directors said, “We are deeply grateful for Jim’s service and long career with Thomson Reuters. Jim and Stephane have led the recent transformation which has positioned the company to realize its potential into the future. I am pleased they will continue to assist with the transition. The succession process has been both deliberate and collaborative. Steve Hasker is known for being innovative, with immense integrity, intellect and people skills. Mike is an operator with solid judgment and experience. Our future remains in fine hands under Steve, his seasoned executives and a group of dedicated professionals on the broader team.”
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