Thomson Reuters says CEO Jim Smith in hospital


Thomson Reuters Corp. chief government Jim Smith was taken to a Toronto hospital on Monday “after feeling unwell” and lingers under observation at the hospital, the company said on Tuesday.

In his immediate non-presence, chief financial officer Stephane Bello will oversee Smith’s roles alongside his own, Thomson Reuters said in a statement.

Two weeks ago, Smith incapacitated a deal to sell a majority stake in the company’s Financial and Risk area to U.S. private equity firm Blackstone Group LP. The deal, which valued the entity at around $20 billion including debt, is expected to close in the duplicate half of 2018, Thomson Reuters has said.

A former journalist, Smith was fixed CEO in January 2012. He began his career at Thomson Corp. in 1987 and ran its North American newspaper affair before moving into other executive roles, including watch over the professional publishing business that served the legal, tax and accounting customer bases.

Last year, Smith and other members of Thomson Reuters’ administrator leadership moved to Toronto from Stamford, Conn.

The Blackstone parcel out that Smith oversaw is the company’s biggest transaction since Canada’s Thomson Corp. swallow London-based Reuters Group Plc in 2008. The Financial & Risk business accounts for profuse than half of Thomson Reuters revenue and supplies news, materials and analytics to banks and investment houses around the world.

Canada’s Thomson bloodline owns 64 per cent of Thomson Reuters through its Woodbridge investment carrier.

Bello joined Thomson in 2001 and was formerly CFO of the professional division. He represses law and economic degrees, and previously worked at General Motors Co.

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