Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

Thomson Reuters Adds Former FDIC Chairman Sheila Bair to Board

Don't Miss Out —
Follow us on:

May 23 (Bloomberg) -- Thomson Reuters Corp., the provider of financial data and news, elected former Federal Deposit Insurance Corp. Chairman Sheila Bair to its board, adding an outspoken advocate of greater transparency from banks.

Bair, 60, is joining the board along with Mike Daniels, a former International Business Machines Corp. executive, and Tom Jenkins, chairman of Canadian software maker Open Text Corp., New York-based Thomson Reuters said today in a statement.

Bair, who led FDIC from 2006 to 2011, has called for breaking up the biggest financial firms and imposing tougher safety standards. She joined the board of Banco Santander SA, Spain’s biggest bank, earlier this year, saying she would help it strengthen risk management.

Board member David Binet, chief executive officer of the Thomson family’s Woodbridge Co., was named deputy chairman, Thomson Reuters said. Woodbridge owns 56 percent of Thomson Reuters, according to data compiled by Bloomberg.

Lawton Fitt, Deryck Maughan and John Thompson left the board after completing their terms.

Bloomberg News is owned by Bloomberg LP, which competes with Thomson Reuters in the market for financial news and information.

To contact the reporter on this story: Crayton Harrison in New York at tharrison5@bloomberg.net

To contact the editors responsible for this story: Sarah Rabil at srabil@bloomberg.net Crayton Harrison, Anne Reifenberg

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.