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☆ Bloomberg L.P., a Financial Data Giant, Overhauls Its Leadership Ranks
  + stars: | 2023-08-21 | by ( Benjamin Mullin | More About Benjamin Mullin | ) www.nytimes.com   time to read: +1 min
Michael R. Bloomberg, the founder of the financial data colossus Bloomberg L.P., announced a new chief executive and president on Monday, a possible indication of who will take over for him when he steps away from the company. Mr. Bloomberg, 81, also announced plans to appoint a new board to steer the business, a purveyor of data terminals that generates more than $12 billion in revenue annually. Vlad Kliatchko, 54, Bloomberg’s chief product officer, was appointed chief executive of the company, Mr. Bloomberg said in a memo to employees Monday. Mr. Bloomberg said in his memo that he had no plans to step away any time soon, noting that he was not taking on any new title. Neither Mr. Zammitt nor Mr. Kliatchko is replacing anyone at the company; the last chief executive at Bloomberg, Dan Doctoroff, stepped down in 2014.
Persons: Michael R, Bloomberg L.P, Vlad Kliatchko, Bloomberg, Jean, Paul Zammitt, Zammitt, Kliatchko, Dan Doctoroff Organizations: Bloomberg
☆ Bloomberg insiders can't be sure if Mike Bloomberg will choose an internal successor because he 'believes in stability, and then change,' report says
  + stars: | 2023-04-20 | by ( Ryan Hogg | ) www.businessinsider.com   time to read: +3 min
Sources told the FT that Bloomberg may decide to shun internal frontrunners and bring in an outsider. Bloomberg, who turned 81 in February, is worth nearly $95 billion, according to Forbes. "Only two people" run the company – Zammitt and Kliatchko – a former senior Bloomberg executive told the FT. He gave $1.7 billion to the organization last year, bringing his lifetime charitable donations to more than $14 billion, according to the site. Bloomberg didn't immediately respond to a request for comment from Insider made outside normal working hours.
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