By Kevin McCauley
News Corp. has named Lex Fenwick, a 25-year veteran of Bloomberg LP, to the CEO spot at Dow Jones & Co.
Fenwick |
He replaces Les Hinton, the Rupert Murdoch confidante who resigned in July in the aftermath of the phone hacking scandal that brought down the News of the World tabloid. Hinton headed News Corp.’s U.K. operations before the Dow Jones acquisition.
Fenwick, who goes to work at Dow Jones on Feb. 13, reports to Chase Carey, president & COO of News Corp.
Joining Bloomberg to launch its professional service in Europe, he soon became manager of the EMEA region. In 2000, Fenwick took on the global sales chief role and COO slot the following year.
The decision of Michael Bloomberg to run for mayor of put Fenwick in the CEO seat for an eight year stint. He founded Bloomberg Ventures in 2008 to develop new communications platforms.
Carey called Fenwick a driving force in the financial news and information industry. “His aggressive and bold leadership will be invaluable to Dow Jones at a time when digital technologies are making information ever more important,” he said in a statement.
Fenwick takes over for Todd Larsen, who headed operations on an interim basis.
Dow Jones units include the Wall Street Journal, SmartMoney, Barrons, Dow Jones Newswires, All Things D and MarketWatch.
|