Stock Market News
Thomson Reuters CEO hospitalised after heart incident
Thomson Reuters reported on Tuesday that chief executive Jim Smith is set to make a full recovery after being hospitalised following an arrhythmia incident on 12 February.
Smith's condition is stable and, although he remains under observation in a Toronto hospital, he is expected to be released within the next two weeks, followed by a period of recovery.
The former journalist was appointed as chief executive in 2012 and began his career at Thomson Corp in 1987 as head of its North American newspaper business before moving into other executive roles at the company.
Last month, Smith oversaw the company's largest transaction since Thomson Corp bought Reuters in 2008, supervising the sale of a majority stake in the company's financial and risk business to private equity firm Blackstone Group.
The deal, which is expected to close late in 2018, valued the unit at around $20bn.
According to a company statement, the Smith's responsibilities are currently being overseen by chief financial officer, Stephane Bello, in line with company practice.
Smith's condition is stable and, although he remains under observation in a Toronto hospital, he is expected to be released within the next two weeks, followed by a period of recovery.
The former journalist was appointed as chief executive in 2012 and began his career at Thomson Corp in 1987 as head of its North American newspaper business before moving into other executive roles at the company.
Last month, Smith oversaw the company's largest transaction since Thomson Corp bought Reuters in 2008, supervising the sale of a majority stake in the company's financial and risk business to private equity firm Blackstone Group.
The deal, which is expected to close late in 2018, valued the unit at around $20bn.
According to a company statement, the Smith's responsibilities are currently being overseen by chief financial officer, Stephane Bello, in line with company practice.
Related share prices |
---|
Stock News headlines are gathered from financial news sources around the web. Views and opinions on each item are from their respective authors and website. They are not opinions of LiveCharts.co.uk
Get a free widget for your website with our latest headlines.
You can now add our live prices and new headlines to your website.The news widget features quotes for Oil prices, spot Gold price and Indices plus a choice of news channel for healines.
Top Shares pages
- Share price quotes
- Share charts
- Share watch list
- Company Results Calendar
- Top Large UK Shares
- UK Market Sectors
- Stock market news
- Company news
- Share tips
- A-Z company search
More share features
POPULAR Share Prices
- Royal Mail share price
- Lloyds share price
- HSBC share price
- Barclays share price
- Prudential share price
- Santander share price
- NEXT share price
- Diageo share price
- BP share price
- Vodafone share price
- British Airways
- Centrica share price
- Tesco share price
- Taylor Wimpey Share Price
- National Grid
- GKP Share Price
- Marks and Spencer
- Rolls Royce
- Rio Tinto
- THG Share Price
- Aviva Share Price
- Boil Share price
- Easyjet Share Price
- Genedrive Share Price
- SSE Share Price
- IAG Share Price
- Boohoo share price
- HE1 share price
- AVCT share price
- BOOM share price