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David W. Binet Named Incoming President of Woodbridge
TORONTO, Nov. 29, 2012, 2012 (Canada NewsWire via COMTEX) --
The Woodbridge Company Limited announced
today that David W. Binet will become President and Chief Executive
Officer on January 1, 2013. David Binet is currently Chief Operating
Officer, and has held senior positions with Woodbridge for the past 14
years. David Binet succeeds Geoff Beattie, who is stepping down from
that position on December 31, 2012. Geoff Beattie will continue as
Deputy Chairman of Thomson Reuters, which is 55% owned by Woodbridge.
"Woodbridge has experienced a period of growth and change under Geoff's
tenure, including the acquisition of Reuters by Thomson Reuters," said
David Thomson, Chairman of The Woodbridge Company Limited as well as
Thomson Reuters. "We anticipate a continued collaboration with Geoff
at Thomson Reuters, which is our largest investment and of fundamental
importance to us."
"Geoff leaves the organization in good order for continued success under
David Binet," said Peter Thomson, who is also Chairman of Woodbridge.
"We have every confidence in David and his leadership as our company
enters an important new era."
About The Woodbridge Company Limited
The Woodbridge Company Limited is the primary investment vehicle for the
Thomson family of Toronto, Canada. Its largest holding is a 55% stake
in Thomson Reuters, which is listed on the Toronto and New York stock
exchanges.
SOURCE: Woodbridge Company Limited
To view this news release in HTML formatting, please use the following URL: http://www.newswire.ca/en/releases/archive/November2012/29/c4958.html
SOURCE: Woodbridge Company Limited
Media contact: Deborah Rowe 416-969-2726
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