05 Feb 2007
Reuters appoints new group strategy director
LONDON – Reuters (LSE: RTR; NASDAQ: RTRSY) has appointed David Craig, a partner at McKinsey & Company, to be Group Strategy Director reporting directly to Chief Executive, Tom Glocer.
David, who has worked extensively as an advisor on technology and strategy issues in Reuters marketplace, will focus on implementing Reuters short term strategy supporting the Core Plus programme. In addition he will work with Tom Glocer on developing Reuters longer term strategy beyond Core Plus. David will build on the work of Susan Taylor-Martin who left the strategy role when she recently became head of Reuters business in the UK and Ireland.
Tom Glocer, Chief Executive Officer, Reuters, said: “As we really begin to hit our stride at Reuters we are now attracting world class talent right across the business to help drive performance. David strengthens our senior management team by bringing in new talents and valuable external perspectives. He brings with him an understanding of our marketplace, and his knowledge of the company will make a valuable contribution from day one.”
David Craig, Reuters Group Strategy Director, said: “Reuters is a company with its eye firmly on the future and that alone is going to make this new role a fascinating one. It’s also about making sure that the company performs against Core Plus so that we have the strongest possible foundation for continued performance and growth.”
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Contact:
Steve Clarke,
Reuters Media Relations
Tel: +44 207 542 6865
Mobile: +44 7990 56 6865
Email: steve.clarke@reuters.com
Editor’s note: David Craig is a partner at McKinsey’s London office and joined in 1999. He has advised financial institutions, software and IT service providers and companies in other sectors on strategy, technology and operations issues. David held a number of senior practice roles at McKinsey’s Business Technology Office including co-leading the IT strategy practice and as a member the outsourcing practice leadership team.
About Reuters:
Reuters is the world’s largest international news and financial information source, reaching over 1 billion people a day. Known for its speed, accuracy and independence, Reuters content powers newsrooms and financial markets around the world. Reuters distributes its text, data, pictures and video to professionals and direct to consumers via online and digital services. Founded in 1851, Reuters Group has 16,800 employees in 89 countries and had annual revenues of £2.4 billion/$4.4 billion in 2005. For more information and the latest news, visit www.reuters.com.