Thomson Reuters names new CEO, earnings top estimates

Newly announced Thomson Reuters president and chief executive officer Steve Hasker poses in Toronto, Ontario, Canada February 24, 2020. Picture taken February 24, 2020. REUTERS/Mark Blinch

Hasker, most recently a top executive at Hollywood talent agency CAA, will assume his new role on March 15, Thomson Reuters said. Smith, a former journalist who oversaw a period of major change at the company, will stay on for a transition period and become chairman of the Thomson Reuters Foundation.

Thomson Reuters maintained its organic revenue growth target of 4% to 4.5% in 2020 and said its margins will be a little higher than it forecast in October and also above 2019 levels.Adjusted earnings in the fourth quarter rose to $216 million or 37 cents per share from $135 million or 19 cents a share. Analysts, on average, expected 33 cents a share, according to IBES from Refinitiv.

“With our reorganization behind us and a clear focus on the future of our core business, this is the perfect time to put in place the next generation of leadership,” Jim Smith said in a statement.

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