Press Release Details

Reuters Board Changes

February 8, 2000 at 12:00 AM EST

London - Reuters, the information and news group, announced today that the following changes are being made to the Board of Reuters Group PLC.

Philip Green, chief executive Reuters Trading Solutions, has been appointed to the Board with effect from 7 February 2000. Green (46) joined Reuters in September 1999 from DHL International where he was chief operating officer, Europe and Africa.

Jean-Claude Marchand (53), chief executive, Reuters Global Sales and Operations, is appointed chairman, Reuters Information division and assumes the new role of Reuters Group marketing director. Tom Glocer (40), president, Reuters America, is to become chief executive, Reuters Information, reporting to Jean-Claude Marchand.

Andre Villeneuve (55) is resigning from the Board with immediate effect to concentrate on his role as executive chairman of Reuters subsidiary, Instinet Corporation. He will be based in New York.

David Ure (52), executive director, is to become non-executive chairman of the new company which Reuters is setting up with Equant to create a new internet protocol network company. He will resign from the Board in due course. He will continue to be employed by Reuters as technology adviser to the Board.

Philip Green Prior to joining Reuters, Green worked for DHL International from 1990 to 1999, latterly as chief operating officer, Europe and Africa. He had responsibility for DHL International's operations in 118 countries, approximately 20,000 employees and US$3 billion of revenue. Green was a director of Coloroll Group PLC from 1985 to July 1990. Coloroll went into receivership in June 1990 and subsequently into liquidation in October 1990. Green was a trustee of the Coloroll Directors Retirement Benefits Scheme from 1987 to 1991. In March 1994, the Pensions Ombudsman upheld complaints of maladministration and breach of trust. The complaints related, in particular, to certain arrangements involving the chairman and chief executive of Coloroll, who was one of the trustees.

Green has a degree in economics from University of Wales and an MBA from London Business School.

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