Thomson Reuters logoThomson Reuters says it plans to disband its divisional structure and transition to what it termed "a set of focused business units." It will make that change in 2012 and eliminate its Markets and Professional divisions. The company's Tax & Accounting business falls under the Professional Division.

That came as the company announced management changes. The company said James C. Smith, CEO of the Professional division, had been named chief operating officer of the company. It also said that Robert Daleo, who had been CFO since 1998, would retire in July 2012 when he turns 63 years old. Stephane Bello will succeed him on January and Daleo will serve as vice chairman until his retirement.

 

The Professional Division also encompasses the company's largest revenue source, the Legal business, along with the Intellectual Property & Science unit. The Markets division, which was reorganized this year after unhappiness with its performance, has products for financial services companies and investment and advisory businesses. Bloomberg is one of the unit's major competitors.
Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
Last modified on Sunday, 02 June 2013
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