New York—Thomson Reuters announced that David Wenig, CEO of the company's Markets division, will leave as part of a reorganization.
Thomas Glocer, CEO of Thomson Reuters, will assume responsibility of the division, which has been reorganized into three units: financial professionals and marketplaces, enterprise solutions and media (the previous units were sales and trading, investment and advisory, and enterprise and media).
Under the reorganization, the sales and trading and investment and advisory units have been combined into one financial professionals and marketplaces unit.
“These changes are intended to accelerate growth as we flatten our organization to operate as an integrated company and unleash cross-company capabilities and operating synergies,” Glocer said in a statement.
Wenig, who has been at the company for 17 years, led the integration of Reuters when it merged with Thomson Corp. in 2008. Prior to the merger, Wenig was chief operating officer of Reuters and before that held senior management positions at the news organization.