16 August 2017
visit www.avoka.com

Hart departs as News Corp shakes up Dow Jones

05 January 2010  |  4796 views  |  1 Stock market newspaper with coins stacked

Financial information group Dow Jones is to combine its enterprise and consumer divisions in a shake-up that will see the departure of Clare Hart, president of the enterprise business, who had championed a Web-based distribution strategy for the group.

The overhaul, which comes a little over two years after News Corp took over the group for $5.7 billion, puts key products such as The Wall Street Journal, Dow Jones Newswires and Factiva in a single operating unit.

Les Hinton, chief executive of Dow Jones, says: "This structure will provide the focus to make us faster and better than our rivals at identifying and meeting customer needs."

Under the re-org, Todd Larsen, the former head of the consumer business, is named president of Dow Jones with responsibility for the primary commercial operations of the company. CFO Stephen Daintith will take on the additional responsibilities of chief operating officer.

Commenting on the reshuffle, and the departure of 25-year Dow veteran veteran Hart, Hinton says: "This isn't about personalities, and it's not about costs. It's about the best way to operate an information business at a time when technology provides new tools for delivering news and new opportunities for keeping businesses and individuals informed."

Comments: (1)

Elizabeth Lumley
Elizabeth Lumley - Girl, Disrupted - Crayford | 05 January, 2010, 12:10

Calls made to Hart regarding on her next position have not been returned. However, Hart spoke to Reuters on Monday, where she says her future plans were "up in the air," declining to comment further.

Spokespeople for Dow Jones say that the restructuring will not involve any layoffs among Dow Jones' 6,000 plus employees.

Be the first to give this comment the thumbs up 0 thumb ups! (Log in to thumb up)
Comment on this story (membership required)

Finextra news in your inbox

For Finextra's free daily newsletter, breaking news flashes and weekly jobs board: sign up now

Related stories

Interactive Data to buy Online Financial Solutions assets from Dow Jones

Interactive Data to buy Online Financial Solutions assets from Dow Jones

24 November 2009  |  7259 views  |  1 comments
Dow Jones to sell Stoxx stake to Deutsche Börse and Six Group

Dow Jones to sell Stoxx stake to Deutsche Börse and Six Group

12 November 2009  |  8599 views  |  0 comments

Related company news

 
visit www.dorsum.eudownload the paper nowvisit www.worldpaymentsreport.com

Top topics

Most viewed Most shared
hands typing furiouslyBI and Analytics - A New Perspective
10956 views 0 | 2 tweets | 12 linkedin
Coinbase raises $100mCoinbase raises $100m
10082 views comments | 14 tweets | 14 linkedin
DBS Bank launches online car selling marketplaceDBS Bank launches online car selling marke...
9425 views comments | 13 tweets | 11 linkedin
China preps central clearing house for mobile payments providersChina preps central clearing house for mob...
9185 views comments | 8 tweets | 15 linkedin
HSBC automates documentary trade processing with IBMHSBC automates documentary trade processin...
8290 views comments | 6 tweets | 21 linkedin

Featured job

Competitive base and bonus, plus benefits
London, UK

Find your next job