Stuart Karle, Reuters’ chief operating officer, is leaving at the end of the year, and his role will be eliminated. The New York Observer reports that the move was announced in memo from Reuters’ CEO Andrew Rashbass:
Stuart Karle has played an important role in creating the organisation we are today. However, my being here, the strong GM team that Stuart put in place, much tighter coordination with other business units, and finance, HR and legal being well covered, mean there is no longer a role for a chief operating officer and Stuart will be leaving at the end of the year.
Karle came to Reuters in 2011. He previously worked as general counsel for The Wall Street Journal, a role he held for 16 years.