Dow Jones & Company Announces Executive Changes, New Leadership Structure
NEW YORK, June 19, 2012 (GLOBE NEWSWIRE) -- Dow Jones & Company's new executive leadership team was announced today by Chief Executive Officer Lex Fenwick. The executive team and its structure position the company for growth with more focus and more investment to leverage its industry-leading assets for an expanding global audience.
Alisa Bowen, currently general manager of The Wall Street Journal Digital Network (WSJDN), has been promoted to head of product for Dow Jones. In this role, she will oversee the company's continued innovation with an integrated product group comprising both consumer and enterprise businesses. Ms. Bowen's appointment emphasizes the company's commitment to The Wall Street Journal franchise, in particular investment in print, as well as expansion of online, mobile and video initiatives, and the company's suite of institutional products, including Factiva. She will also oversee the company's growing conference business.
The company is also creating a new department, Data Strategy, which will integrate research teams across Dow Jones who collect commercial and market data for institutional products and enterprise customers. The department will be run by Joe Lanza, currently president of Financial Markets for Dow Jones, and report directly to Mr. Fenwick.
Additional executive moves include:
Kelly Leach, currently senior vice president of strategy, has been promoted to managing director for Dow Jones for its businesses in Europe, Middle East and Africa, based in London, and will become publisher of The Wall Street Journal Europe.
Jennifer Jehn, currently senior vice president of marketing, has been promoted to head of circulation, responsible for the development of circulation and subscription sales across the company's print and digital publications, including The Wall Street Journal, the largest newspaper in the U.S.
Tracy David has been promoted to head of marketing, succeeding Ms. Jehn, and will guide global marketing and brand development across the company, including key brands such as The Wall Street Journal, Dow Jones Newswires, Factiva and MarketWatch, among others.
Victoria Chin has been promoted to head of customer service, responsible for managing and evolving the company's consumer and institutional customer service worldwide.
Dan Hayter has been named head of institutional sales, Americas, for Dow Jones, responsible for leading enterprise sales and new business opportunities for corporate and financial markets products, including Factiva. He succeeds John Lee, who left the company earlier this month.
The aforementioned executives will report to Mr. Fenwick, who assumed his current role in February.
"Dow Jones has served as a trusted resource with world-class assets for more than a century," said Mr. Fenwick. "The dynamism and hunger of our employees around the world to win bode very well for our future. Together with ambitious investment and renewed focus, we look forward to introducing unique new products in the very near future."
Added Robert Thomson, editor-in-chief of Dow Jones and managing editor of The Wall Street Journal, "Our investment plans for The Wall Street Journal newspaper will become clearer in coming days, and we will certainly be expanding our news network globally, on other platforms and in other languages. There is no doubt that we have the pre-eminent journalistic team in the U.S., and we have an enthusiastic, experienced executive team that shares our sense of content purpose. Whether it's virtue or verticals, Dow Jones will lead the way."
Said Ms. Bowen, "We have a unique opportunity to further accelerate our leadership position. We have the world's greatest newspaper, and bringing together all our product talent into one, streamlined organization is going to embolden us to move with even more agility and creativity as we expand our reach into new markets, new products and over new platforms."
The company also announced today that Todd Larsen, who has served as its president since January 2010, has resigned his post. (Please refer to separate announcement).
The following Dow Jones executives will remain in their current roles and report to Mr. Fenwick as members of the leadership team: Kevin Halpin, chief financial officer; Mark Jackson, general counsel; Dean Del Vecchio, chief information officer; Paul Gigot, Editorial Page editor, The Wall Street Journal; Christine Brendle, managing director for Asia-Pacific; Michael Rooney, chief revenue officer for The Wall Street Journal; Joseph Vincent, head of operations; Ian Weston, head of special projects; Ed Finn, president and publisher of Barron's; Wendy De Cruz, head of institutional sales, Asia; and Florence Lefevre, head of institutional sales, Europe. Mark Musgrave continues as interim chief human resources officer for Dow Jones, and a new chief communications officer will be named in the coming weeks.
As part of today's announcement, the following executives will step down from their roles and leave the company: Scott Schulman, president of Dow Jones Corporate Markets; Lynne Brennen, senior vice president of circulation; and Bethany Sherman, senior vice president and chief communications officer.
Mr. Fenwick added, "The time I have spent working at Dow Jones has reinforced my belief that this storied and respected company would not be the success it is today without the dedication and hard work of its employees. Those who are leaving have served the company and our customers well, and I extend my sincere gratitude for their service."
About Dow Jones
Dow Jones & Company is a global provider of news and business information and a developer of technology to deliver content to consumers and organizations across multiple platforms. Dow Jones produces newspapers, newswires, Web sites, apps, newsletters, magazines, proprietary databases, conferences, radio and video. Its premier brands include The Wall Street Journal, Dow Jones Newswires, Factiva, Barron's, MarketWatch, SmartMoney and All Things D. Its information services combine technology with news and data to support business decision-making. The company pioneered the first successful paid online news site, and its industry-leading innovation enables it to serve customers wherever they might be, via the Web, mobile devices and tablets. The Dow Jones Local Media Group publishes community newspapers, Web sites and other products in six U.S. states. Dow Jones & Company (
) is a News Corporation (NWS) company (Nasdaq:NWS) (Nasdaq:NWSA) (ASX:NWS) (ASX:NWSLV) (
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CONTACT: Media Contact: Ashley Huston Dow Jones & Co. (212) 416-2025 Ashley.Huston@dowjones.com
Source: Dow Jones & Company 2012 GlobeNewswire, Inc.