Dow Jones & Co. president resigns

Dow Jones & Co. announced Tuesday that Todd Larsen has resigned his post as president, a role he has held since January 2010.

“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,” said Lex Fenwick, chief executive officer of Dow Jones, 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.”

Added Robert Thomson, editor-in-chief of Dow Jones and managing editor of The Wall Street Journal, “Todd has been an inspiring leader during his time at Dow Jones, providing guidance and insight when there has been a paucity of prescience in our industry. He has been a comradely colleague and played a particularly important role in our successful digital transition.”

“We are very grateful to Todd for his leadership and commitment during a vital time for Dow Jones, and his efforts have left the Company well positioned for future growth,” said Chase Carey, president and COO of News Corporation. “We wish him well on all his future endeavors.”

Larsen has been with Dow Jones for 13 years, and, under his leadership, the company’s digital business has grown to become an established and important growth engine for the company, which has also seen its profits grow significantly. He was a principal architect of the company’s successful digital strategy, which is now responsible for more than 1.3 million paid digital subscribers and leading products and applications across multiple digital platforms for an expanding global audience.