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Search resuls for: "Zammitt"


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Former mayor of New York Michael Bloomberg speaks during a meeting with Earthshot prize winners and finalists at the Glasgow Science Center during the UN Climate Change Conference (COP26) in Glasgow, Scotland, Britain, November 2, 2021. Alastair Grant/Pool via REUTERS/File Photo Acquire Licensing RightsAug 21 (Reuters) - Bloomberg LP is replacing CEO Michael Bloomberg with product head Vlad Kliatchko and appointing former Bank of England governor Mark Carney as its chair in a management shake-up, the Information reported on Monday, citing an internal memo. New members will be appointed to the board and existing members will become emeritus, according to the report. Thomson Reuters-owned Reuters News competes with Bloomberg News, a unit of Bloomberg L.P. Reporting by Yuvraj Malik in Bengaluru; Editing by Arun KoyyurOur Standards: The Thomson Reuters Trust Principles.
Persons: New York Michael Bloomberg, Alastair Grant, Michael Bloomberg, Vlad Kliatchko, Mark Carney, JP Zammitt, Patti Roskill, Thomson, Bloomberg L.P, Yuvraj Malik, Arun Koyyur Organizations: New York, Glasgow Science Center, Change, Bloomberg, Bank of England, Thomson Reuters, Reuters, Bloomberg News, Thomson Locations: Glasgow, Scotland, Britain, Bengaluru
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
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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