Dow Jones makes leadership promotions, changes

Dow Jones & Co. CEO Almar Latour sent out the following on Monday:

Colleagues,

I am delighted to announce some well-deserved promotions for several business leaders who have been essential in driving growth for Dow Jones. These appointments will help sharpen our focus and position us for continued growth in FY24 and beyond as the world-leading news and business intelligence company:

• Frank Filippo, who has led our B2B business to new heights, will be our Chief Transformation Officer. In this role, Frank will oversee ongoing change programs across the entire organization, preparing our company for the future. This is a pivotal task as we continue to lean into our fastest-growing business lines and deploy key new technology at Dow Jones. Frank will also continue to run operations for Dow Jones.

• Mae Cheng, who has guided Barron’s to record revenues, becomes EVP and General Manager for Leadership products and services. In this new position, she will commercially oversee our Dow Jones leadership and C-Suite products. In addition, Mae will oversee the P&L for our Luxury portfolio, comprised of WSJ. Magazine, Penta and Mansion Global.

• Ingrid Verschuren becomes EVP and Head of Data and AI. A global authority on data science, Ingrid will be responsible for identifying, aligning and executing against critical data needs across Dow Jones–a crucial task as we continue to build on the work we’ve already done in this space. She will continue in her role as General Manager for EMEA.

• Joel Lange becomes EVP and General Manager for Dow Jones Risk & Research, a unit that will include both our thriving Risk & Compliance business and Factiva. Joel will continue to oversee Risk & Compliance, our fastest-growing business; Factiva now rolls into this department. Bringing the two businesses closer together will help us develop new ways to connect our vast research capabilities with the rest of our portfolio.

• Traci Mabrey, who returned Dow Jones Factiva to growth and overhauled its look and feel, will continue to lead Factiva as General Manager. As part of Joel’s group, she will focus on enhancing Risk & Compliance as an outflow business of Factiva. She is also tasked with infusing AI, as well as Factiva’s deep analytical capabilities, into the entire Dow Jones portfolio, starting with financial products.

• David Martin, who has driven sharp revenue growth across our business intelligence units, is appointed Chief Revenue Officer for Business Intelligence, responsible for corporate sales of Factiva, Risk & Compliance and Dow Jones Newswires, as well as enterprise sales of The Wall Street Journal, Barron’s and other publications. The promotion reflects the growing importance of our B2B services, and allows Dave, Sherry Weiss and Josh Stinchcomb to maximize sales opportunities across all of Dow Jones.

• Dan Shar, who oversaw more than 150% growth in MarketWatch subscriptions in FY23, becomes EVP and General Manager for Dow Jones Wealth & Investing. In this role, Dan will oversee business activities related to our entire financial portfolio, comprising Barron’s, MarketWatch, IBD, PEN, Dow Jones Newswires and FN. Dan’s new group is tasked to serve its audience with the most relevant tools and reporting related to markets, investment and personal finance across all of Dow Jones.

Frank, Mae, Joel, David and Dan will report to me; Traci will report to Joel, and Ingrid will report to Daniel Bernard.

Please join me in congratulating everyone on their new positions.

Almar