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Search for Reuters CEO continues

Thomson Reuters is still looking for a chief executive to run Reuters ten months after Andrew Rashbass quit the job.

James Smith, president and CEO of Reuters’ parent company, said he would take his time to find the best candidate.

“We don’t feel an urgency or pressure to fill the position. Our media business grew last year,” he said in an interview following Thursday’s announcement of the group’s 2015 fourth quarter and full year results.

“What I’m looking for is a partner to help me sort out the long range shake-out taking place in the media sector,” he told the Financial Times.

Rashbass left last April - after less than two years in the post - to become executive chairman of Euromoney.

Editor-in-chief Stephen Adler told staff in September a new CEO was likely to be named within the next few months.

In the absence of a CEO, Reuters interim chief commercial officer is Claudia Palmer, chief financial officer. ■

Financial Times