Reorg Rocks Reuters: Newmedia Dissolved, MDs Shuffled, More

VENDOR STRATEGIES

Reuters is in the midst of a sweeping reorganization that is affecting the uppermost levels of management at the company. The reorg includes the replacement of the managing director of Asia, Geoffrey Weetman, with Jeremy Penn; the appointment of Weetman as managing director of media and new business ventures; the dissolution of Reuters Newmedia; the dramatic news that Mark Wood, editor in chief, is stepping down from the Reuters board; and the ascendancy of John Parcell, previously the manag

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