Thomson Reuters Corp.’s board threw its support behind chief executive officer Jim Smith after the Financial Times said the professional information company has hired an executive search firm to identify a successor. The board appointed Spencer Stuart to draw up a shortlist of internal and external candidates, the paper said, citing people with knowledge of the succession process. It said the board fully supports the 60-year-old CEO and his management team. Smith has spent much of his seven-year tenure focusing on growing parts of the business such as law and accounting. The sale is due to close in the second half of next year, leaving Thomson Reuters with a stake in the LSE that it plans to gradually sell down.

Source: thestar October 21, 2019 11:26 UTC