PracticeConsultingFinance chief at Reuters takes reins of internet expansion

Finance chief at Reuters takes reins of internet expansion

Reuters FD Rob Rowley is to become chief executive of Reuterspace, the media group's internet division.

He will relinquish his current role as finance director once a replacement is appointed. Group Chief Executive Peter Job said a replacement was likely to be announced within the next few weeks.

‘The finance director is there to protect the money bags and the Reuterspace chief executive is out there to take risks…to make internet moves without at the moment knowing exactly what the return will be,’ Job told Reuters Television.

‘So Rob is finding that he would really rather concentrate on making the money and that means we need another finance director, and we’re looking externally and internally to recruit for that job,’ he added.

Reuters Ventures division was renamed Reuterspace in a ‘strategic refocus’ on the internet unveiled last month.

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