SECURITIES
AND EXCHANGE COMMISSION
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Dated: February 7, 2001 |
REUTERS GROUP PLC (Registrant) By: /s/ Nancy C. Gardner |
Reuters Management ChangesNo: 01/01 London Reuters, the global information, news and technology group, announced today some interim management changes prior to the appointment of Tom Glocer as Group Chief Executive in July 2001. With immediate effect, Tom will relinquish day-to-day management of the Americas and Reuters Information, the Groups largest operating unit, to concentrate on the Groups strategy and business transformation project. The Chief Technology Officer will now report to him and The Editor-in-Chief will continue to report to him. Philip Green, currently Chief Executive of Reuters Trading Solutions, will now also take on the management of Reuters Information, so becoming responsible for the whole of Reuters Financial. EndContact: |
Geoff Wicks Director, Corporate Relations geoff.wicks@reuters.com |
Tel: +44 (0) 20 7542 8666 |
Adrian Duffield Manager, Group Corporate Relations adrian.duffield@reuters.com |
Tel: +44 (0) 20 7542 4728 |
ReutersReuters (about.reuters.com), the global information, news and technology group, plays a significant role in the functioning of the financial and media markets. Reuters strategy is to make the financial markets work on the Internet. Reuters is the worlds largest international news and television agency with 1,957 journalists, photographers and camera operators in 185 bureaux serving 153 countries, gathering and editing news in 24 languages. Reuters premier position is based on a reputation for speed, accuracy and impartiality as well as for continuous technological innovation. Reuters supplies news and information to over 900 internet websites. Instinet, an independently managed subsidiary of Reuters, is the worlds largest electronic agency brokerage firm. It covers the equities and fixed income markets. On 30 June 2000, the Group employed 17,067 staff in 215 cities in 98 countries. Reuters and the sphere logo are the trademarks of the Reuters group of companies. |
This news release may be deemed to include forward-looking statements relating to Reuters within the meaning of Section 27A of the US Securities Act of 1933 and Section 21E of the US Securities Act of 1934. Certain important factors that could cause actual results to differ materially from those disclosed in such forward-looking statements are described in Reuters Interim Statement for the six months ended 30 June 2000 under the heading Cautionary Statements. Copies of the Interim Statement are available on request from Reuters Group PLC, 85 Fleet Street, London EC4P 4AJ. |
Hungate, Lynch Appointed Co-Chief Executive Officers of Reuters AmericaNew York, January 16, 2001 Reuters (RTRSY), the global information, news and technology group, today announced that Alex Hungate and Phil Lynch have been appointed Co-Chief Executive Officers of Reuters America Inc. They succeed Tom Glocer, who will become Chief Executive of the parent company, Reuters Group PLC, in July. These changes reflect the excellent progress made this year by Reuters in the Americas, Glocer said. Many of the key global trends emerge from this market, and the team led by Phil and Alex has succeeded here by listening and responding to customers. Hungate and Lynch will be jointly responsible for Reuters business operations in the Americas. Both will report to Philip Green, Chief Executive of Reuters Financial. Prior to their current positions, Hungate and Lynch held the title of Co-Chief Operating Officer for Reuters America. Hungate has been with Reuters for seven years. He helped to found Reuters NewMedia in New York in 1994 and since then has held senior sales and marketing positions in Reuters America. Lynch joined Reuters in Boston in 1988 and has held a number of US sales positions. He is on the board of WorldStreet Corporation. EndContacts: |
Nancy Bobrowitz/Felicia Cosby Reuters nancy.bobrowitz@reuters.com felicia.cosby@reuters.com |
Tel: +1 212 603 3345 |
Bill Ferguson/Karen Barry Middleberg Euro williamf@middleberg.com karen@middleberg.com |
Tel: +1 212 888 6610 |
Note to editors:Alexander Hungate career to dateAlex Hungate was appointed Co-Chief Operating Officer of Reuters America, based in New York, in January 2000. In this role, he has responsibility for Finance, Marketing and Editorial operations in the Americas, for Latin American business and for the companys relationships with its largest customers in the Americas. |
Prior to this, Hungate held senior sales and marketing positions in the Americas. From 1996 to 1998, he was General Manager of Reuters Marketing Information, based in New York. In 1994, Hungate helped to found Reuters NewMedia in New York in the early days of the World Wide Web. Before joining Reuters in 1993, Hungate worked on strategy projects at Booz.Allen & Hamilton in the United States, Europe and the Far East, advising clients in the media and high technology industries. He graduated as a Baker Scholar from Harvard Business Schools MBA program and with a Masters Degree in Engineering, Economics & Management from Oxford University. Phil Lynch career to datePhil Lynch was appointed Co-Chief Operating Officer of Reuters America, based in New York, in January 2000, with responsibility for implementing Reuters strategy to significantly grow its business in the Americas. Prior to this, Lynch served as Executive Vice President and National Sales Director, Reuters America. In 1997, Lynch was named Senior Vice President and assumed responsibility for Reuters largest customers on both the buy and sell sides. He joined Reuters in 1988 as a Sales Executive in the companys Boston office. Prior to joining Reuters, Lynch held a front-office position with the New England Patriots of the National Football League, and syndicated thoroughbred racehorses at Boston-based Centennial Farms. Lynch attended the University of Massachusetts at Amherst. In July 2000, Lynch was named to the Board of Directors of Boston-based WorldStreet Corporation, a leading developer of collaborative commerce solutions for the financial industry. About ReutersReuters (about.reuters.com), the global information, news and technology group, plays a significant role in the functioning of the financial and media markets. Reuters strategy is to make the financial markets work on the Internet. Reuters is the worlds largest international news and television agency with 1,957 journalists, photographers and camera operators in 185 bureaux serving 153 countries, gathering and editing news in 24 languages. Reuters premier position is based on a reputation for speed, accuracy and impartiality as well as for continuous technological innovation. Reuters supplies news and information to over 900 Internet websites. Instinet, an independently managed subsidiary of Reuters, is the worlds largest electronic agency brokerage firm. It covers the equities and fixed income markets. On 30 June 2000, the Group employed 17,067 staff in 215 cities in 98 countries. |
Reuters and the sphere logo are the trademarks of the Reuters group of companies |