Lex Fenwick, an executive at Bloomberg LP, has been named CEO of Dow Jones & Co., the parent of The Wall Street Journal, Barron’s, Marketwatch.com and Dow Jones Newswires.
Russell Adams of The Journal writes, “Mr. Fenwick, who helped build Bloomberg into a leading provider of data and tools for financial professionals, will now be in charge of a company that has struggled to increase its share of that market.
“Mr. Fenwick joined Bloomberg in 1987. He helped launch the Bloomberg Professional service, the bundle of financial data and analytics geared toward Wall Street professionals, in the U.K. and Europe before he took a broader role overseeing non-U.S. operations. In April 2001, he was named chief operating officer of Bloomberg LP. Later that year, after company founder Michael Bloomberg stepped back to pursue a political career, Mr. Fenwick was appointed CEO.
“Mr. Fenwick succeeds Les Hinton, who left Dow Jones last summer.”
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