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Thomson Reuters Corp
Symbol TRI
Shares Issued 702,476,873
Close 2018-09-04 C$ 58.41
Market Cap C$ 41,031,674,152
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Thomson Reuters appoints West as Refinitiv CFO

2018-09-04 15:06 ET - News Release

Mr. David Craig reports

BRIAN J. WEST APPOINTED CHIEF FINANCIAL OFFICER OF REFINITIV EFFECTIVE NOVEMBER 5

The Financial & Risk business of Thomson Reuters Corp. has appointed Brian J. West as chief financial officer of Refinitiv, effective Nov. 5, 2018. The Financial & Risk business will be known as Refinitiv on Oct. 1, 2018, after the closing of Thomson Reuters's sale of a 55-per-cent majority stake in the Financial & Risk business to private equity funds managed by Blackstone.

"As we get ready to begin the exciting journey as an independent business, our relationships with the financial community, both private equity and debt investors, shift considerably," said David Craig, president of Thomson Reuters Financial & Risk. "I am pleased that Brian will be joining Refinitiv at a crucial time in our evolution, adding to our leadership team a deep understanding of the investment community and a proven track record of growth and operational excellence with both established companies and fintech [financial technology] start-ups."

Mr. West will be joining Refinitiv from Oscar Insurance, an innovator in U.S. health care, where he is chief financial officer and executive vice-president of operations. Prior to Oscar, Mr. West spent nine years at Nielsen as chief financial officer and then chief operating officer. Previously, he held various chief financial officer and other finance leadership positions over 16 years at General Electric.

Thomson Reuters announced on Jan. 30 that it had signed a definitive agreement to enter into a strategic partnership with Blackstone. As part of the transaction, Thomson Reuters will sell a 55-per-cent interest in its Financial & Risk business to private equity funds managed by Blackstone. An affiliate of Canada Pension Plan Investment Board and an affiliate of GIC will invest alongside Blackstone.

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