News broke yesterday that Todd H. Larsen, president of Dow Jones & Co., is going to step down from his post after working at the company for 13 years.
According to The New York Times, Lex Fenwick, chief executive, explained in a statement, “Our digital business, one that others look to emulate, is at the forefront of the industry, and that is a testament to Todd’s leadership and guidance.”
Larsen isn’t the only executive to depart. As per the piece, other executives are going to leave their roles as well. This includes Bethany Sherman, chief communications officer; Lynne Brennen, senior vice president of circulation; and Scott Schulman, president of Dow Jones Corporate Markets.
In a statement, Larsen indicated, “I have been blessed to work with a wonderful group of talented people,” Mr. Larsen said in a statement. “I look forward to watching the continued success of the organization in the years to come.”