June 19 (Bloomberg) -- Dow Jones & Co. President Todd Larsen stepped down from the position today, part of a round of organizational changes under the News Corp. division’s new chief executive officer, Lex Fenwick.
Larsen, who had been with Dow Jones for a total of 13 years, held the president job since January 2010, the division said today in a statement. Larsen was passed over for the top job at Dow Jones earlier this year, when Fenwick, a Bloomberg LP executive, was hired to run the New York-based unit.
“I have enjoyed immensely my 13 years spent in challenging and exciting roles at Dow Jones,” Larsen said in the statement.
Fenwick replaced Les Hinton, who departed as Dow Jones chief executive officer in July amid fallout from a phone-hacking scandal at the company’s U.K. newspaper unit. Hinton had been in charge of News Corp.’s British newspapers during the time when the hacking took place.
The company announced separately that Alisa Bowen, general manager of the company’s Wall Street Journal Digital Network, will become head of product for Dow Jones. The division also is creating a new department called Data Strategy that will integrate its research teams. The operation will be run by Joe Lanza, who currently serves as president of the company’s Financial Markets.
Larsen worked to expand the company’s Internet operations, helping to add more than 1.3 million paid digital subscribers, according to today’s statement. He previously served as chief operating officer of the consumer media group and president of the former Consumer Electronic Publishing division.
Fenwick joined Dow Jones in February from Bloomberg, where he ran Bloomberg Ventures. Bloomberg competes with News Corp. in providing financial news and information.
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