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Dow Jones Restructures With New Business Groups, Promotions And Departures

dowjones.jpgOur sister blog MediaJobsDaily directs us to this internal memo sent to Dow Jones & Co. staff today from president Todd Larsen.

Larsen announced that the company would be dividing up into five distinct business groups: The Wall Street Journal in print, The Wall Street Journal Digital Network, Dow Jones Financial Markets (including the newswires), Dow Jones Corporate Markets and Dow Jones Indexes. Kelly Leach, formerly the Journal‘s vice president for business management, has been appointed to lead the paper, while Gordon McLeod remains the president of its digital network. Joe Lanza, previously VP of sales and trading at Dow Jones, has been named the president of the Financial Markets group; Scott Schulman, president of Dow Jones Financial Information Services, is taking over the new Corporate Markets group and Mike Petronella will continue to lead the Dow Jones Indexes.

Other additions to the Dow Jones team include Dennis Cahill as senior VP for technology; Jennifer Jehn as senior VP for marketing; Lee Wood as senior VP for enterprise sales and client solutions; and Michael Rooney as CRO at the Journal, while others remain in their roles but are taking on additional responsibilities, like Ann Sarnoff, who will now be president of Dow Jones Ventures as well as senior VP for strategy. All this shuffling is certainly hard to keep track of.

But in the midst of all the good news four execs — Richard Hanks, who was former chief operating officer of the Dow Jones Enterprise Media Group; Bill Voltmer, senior vice president of global sales and client solutions at Dow Jones; Alan Scott, senior vice president and CMO of the Dow Jones Enterprise Media Group and Bruce Macfarlane — are leaving the company. Larsen added that, “they depart with our admiration and thanks.”

Read the full memo here –MediaJobsDaily

Previously: Dow Jones Combines Journal, Newswire Operations

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