CEO Fenwick Departs Dow Jones
In a statement, News Corp. officials said Dow Jones would "likely" provide "greater flexibility in its product offerings... in the short term"─possibly signaling an about-face on unpopular restrictive commercial policies implemented during Fenwick's tenure, while the news giant's November interim report highlighted a $7 million fall in revenues at Dow Jones as a result of lower institutional revenues.
Fenwick joined Dow Jones almost two years ago (IMD, Feb. 3, 2012) from Bloomberg Ventures, a spin-off incubator subsidiary of Bloomberg LP, which Fenwick joined in 1987, holding a series of roles including European operations head, manager of global sales, and chief operating officer, and ultimately being named CEO in 2001─a role he held for seven years before moving to Bloomberg Ventures. Within months of joining Dow Jones, Fenwick oversaw a major management reorganization that saw him appoint several former Bloomberg Ventures staff to key roles within Dow Jones (IMD, June 20, 2012).
News Corp. has appointed chief creative officer William Lewis interim Dow Jones CEO while the vendor recruits a permanent replacement for Fenwick.
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