Reuters Chief to Retire Early
LONDON (AP) _ Glen Renfrew, chief executive and managing director of Reuters Holdings PLC, will retire March 1, the British-based news agency and information group announced today.
Renfrew, 62, will be replaced by Peter Job, 49, who is now the Hong Kong- based managing director of Reuters Asia.
Renfrew retires after nearly 39 years with the company, including 10 years in his present position.
Job has been at Reuters for 27 years.
A spokesman at the company’s headquarters said Renfrew’s decision to retire had been anticipated widely and that his departure in March would ensure an orderly succession.
The mandatory retirement age at Reuters is 65.
The company announced in August that Renfrew had sold 20 percent of his personal holding in the company for 1.72 milion pounds (then $3.3 million).
The sale of the 210,000 shares - a 0.05 percent stake - left Renfrew with 849,378 shares.