Thomson Reuters Founders Share Company, part of the Thomson Reuters Group (NYSE:TRI) has appointed global media executives Ronald G. Close and Kim Williams to its Board of Directors, according to a Thomson Reuters statement.
The Thomson Reuters Founders Share Company was originally created with the mandate to act as a guardian of the Thomson Reuters Trust Principles. In particular, the group can trace its roots to the early 1940s, and board members are represented across six continents and over a dozen countries.
Mr. Close joins the board after garnering a lengthy career as a senior executive at several notable media and technology businesses, ranging from start-ups to global corporations. This includes a recent stint as the Chief Executive Officer (CEO) of Pelmorex Media. He also has worked on many executive boards, including Pelmorex, The Globe and Mail, Canada Media Fund, CTVglobemedia television network, and MaRS Innovation.
Stocks to Watch This Week – Expedia Group, IncGo to article >>
Mr. Williams joins the board of Thomson Reuters after working as a standout Australian media executive, spearheading a plethora of media organizations across news, publishing, television, and other channels. He worked most recently as the CEO of News Corp Australia, with additional senior positions at Foxtel. In terms of the Thomson Reuters board, Mr. Williams will be succeeding John Fairfax, who will be stepping down from the board after a decade of service.
According to Uffe Ellemann-Jensen, Chairman of the Founders Share Company’s Board, in a recent statement on the appointments: “I am pleased to welcome Ron Close and Kim Williams to the Founders Share Company Board of Directors.”
“Their combined experience– including in media, technology, digital disruption and freedom of press – are of growing importance to the values we uphold, and their global insight reflects the true geographic reach of Thomson Reuters,” he added.
Thomson Reuters recently made headlines after it reported its December 2015 volumes. For the month, the group’s average daily volumes (ADV) of spot FX trading in December grew 1.1% MoM to $91 billion from $90 billion in November 2015 – the figures reflected volumes from the FXall and Thomson Reuters Matching platforms.