New York—News Corp.'s Dow Jones & Co. announced that Todd Larsen has resigned as president. He had been president since January 2010 and had worked at the company since 1999. No successor was named.
“I have enjoyed immensely my 13 years spent in challenging and exciting roles at Dow Jones,” Larsen said in a statement. “I believe strongly in the company's products and brands, and I have been blessed to work with a wonderful group of talented people. I look forward to watching the continued success of the organization in the years to come.”
The press release announcing Larsen's resignation was peppered with quotes from other Dow Jones executives praising Larsen's performance.
“Todd has demonstrated a deep commitment to Dow Jones for more than a decade, and I am grateful to have had the opportunity to work closely with him,” Lex Fenwick, who took over as Dow Jones CEO in February, said in a statement. “Our digital business, one that others look to emulate, is at the forefront of the industry, and that is a testament to Todd's leadership and guidance; and we will continue to build upon that as we move forward.”
In the wake of the news of Larsen’s resignation, Dow Jones also announced the departure of three other executives: Scott Schulman, president of Dow Jones Corporate Markets; Lynne Brennen, senior VP-circulation; and Bethany Sherman, senior VP-chief communications officer.
Dow Jones also presented a new executive leadership team. The company said Alisa Bowen, general manager of the Wall Street Journal Digital Network, has been promoted to head of product for Dow Jones.
The company has also created a new department—Data Strategy—that “will integrate research teams across Dow Jones who collect commercial and market data for institutional products and enterprise customers,” according to a press release. Joe Lanza, president of financial markets for Dow Jones, will run the new unit.
Jennifer Jehn, currently senior VP-marketing, has been promoted to head of circulation; Tracy David has been promoted to head of marketing, succeeding Jehn.
With the departure of Larsen and Schulman, industry observers said, the last top executives with ties to Dow Jones before News Corp. acquired The Wall Street Journal have left the company.