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Thomson Reuters CEO Glocer Steps Down as Smith Takes Over

Thomson Reuters Corp., the financial news and information provider, named James Smith to replace Chief Executive Officer Tom Glocer, who will retire after leading the company since its creation in a 2008 merger.

Smith, 52, will become CEO on Jan. 1, the New York-based company said yesterday in a statement. He was elevated to chief operating officer in a September restructuring after running the professional division that includes the Westlaw legal database and Checkpoint tax-information service.