Reuters Group PLC named Devin Wenig as its new chief operating officer, and a Dow Jones Newswire story notes that Wenig is considered the likely successor to current CEO Tom Glocer.
Dow Jones reporter Jessica Hodgson wrote, “Wenig, who is seen by some analysts as a likely successor to Glocer in the event of his departure, has worked for Reuters for 13 years and joined its board of directors in 2003.
“Analysts saw the move as an unsurprising extension of Wenig’s existing responsibilities.
“Lorna Tilbian of Numis Securities described it as a ‘crystallization of a role he already played,’ noting Wenig performed well as the president of the business division and is being rewarded with recognition.”
Read the Dow Jones story here here. The Reuters release is here. His Reuters corporate bio notes that Wenig was a mergers and acquisitions attorney before joining the newswire and information company.