|Reuters, the global information, news, and technology group, has announced
the appointment of Tom Glocer to group chief executive as of July 2001.
He will replace Peter Job, who will retire from the company.
Glocer is currently CEO of both ReutersInformation and Reuters America,
Inc. He was appointed to the Reuters board in June 2000. In October 1998,
he assumed responsibility for managing the operations of Reuters Information
in North and South America and acted as senior company officer for the
Americas. He joined Reuters in September 1993 as a senior member of the
group's legal department and a year later became general counsel of Reuters
America. He joined the company from the law firm of Davis Polk & Wardwell,
for whom he worked in New York, Paris, and Tokyo.
Since October 1999, Reuters was actively searching for a successor to
Job and had reviewed both internal and external candidates. The review
process, which has been thorough and wide-ranging, has been conducted by
the Reuters Nomination Committee--comprising only the nonexecutive directors--under
Reuters chairman Christopher Hogg. According to the company, Glocer's appointment
reflects the considerable abilities he will bring to the role, including
a thorough understanding of the ways in which Reuters markets and how its
technologies are evolving, together with exceptional leadership qualities.
He is highly regarded within the group and is widely known in the industry.
Glocer and his family, who are currently based in New York, will relocate
to London, where Reuters headquarters is based.
Source: Reuters America, New York, 212/603-3345; http://www.reuters.com.