TORONTO, Nov. 29, 2012 /CNW/ - 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
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