Reuters CEO Leaves Company

Andrew Rashbass is moving on.

Andrew Rashbass, Reuters’ CEO, is leaving the company to become executive chairman of Euromoney. In a memo to staffers, Steven Adler, Reuters editor-in-chief, announced that he would take on Rashbass’ role in the interim, but is taking his name out of the running for CEO.

“As Thomson Reuters starts its search for a new Chief Executive Officer of Reuters, I have been asked to lead the commercial side of the operation on an interim basis, in addition to continuing my duties as editor-in-chief,” wrote Adler. “I have told Jim [Smith, Thomson Reuters president and CEO] that I will not be a candidate for Reuters CEO and that I am looking forward to helping with the search for the right person for that role.”

Before joining Reuters in 2013, Rashbass served as publisher of The Economist and managing director of Economist.com. Prior to his time with The Economist, Rashbass worked at Associated Newspapers.