- Reuters (NYSE:TRI) news division chief Andrew Rashbass is departing the company to take over as executive chairman at European publisher Euromoney Institutional Investor (OTCPK:EMYIF). Euromoney shares rose 4.5% in London trading.
- Rashbass -- who had joined Reuters from his CEO job at The Economist Group -- succeeds Richard Ensor, who's retiring at September's end.
- Meantime, Reuters Editor-in-Chief Stephen Adler will take responsibility for the commercial side while the division seeks a new CEO.