Glocer’s departure email to Thomson Reuters staff

TALKING BIZ NEWS EXCLUSIVE

Here is the email message that Thomson Reuters CEO Tom Glocer, who is stepping down at the end of the year, sent to the company’s news service staff:

We will shortly announce this press release which announces our new operating model as well as my decision to retire from Thomson Reuters.

After 18 years at the company, more than half of which as CEO, the time has come to complete the transition to a new organization and new leadership. Earlier today, I recommended to our Board of Directors that Jim succeed me as CEO.

I have worked closely with Jim over the past four years, and I am therefore confident that he will be an excellent chief executive to lead Thomson Reuters through difficult market conditions and onto a path of strong growth.

When I wrote to you to discuss our Third Quarter Results, I described my three priorities: leading a Strategy review of our financial services businesses, working with Jim on the new Operating Model, and working with Stephane on the 2012 Budget and Plan. This work will be complete by year’s end, so it is a natural point for me after 10+ years in the job to hand over to a new CEO who can lead the company for many years to come.

I want you all to know that it has been a great honor to work for Thomson Reuters. This is a special place, full of wonderful people, which means something important to the world.

It always will to me.