Reuters appoints tech hotshot to its Board of Directors

Reuters appoints tech hotshot to its Board of Directors

Canadian multinational media and financial data conglomerate Thomson Reuters (TSE:TRI) today announced that it had appointed Kirk Arnold to its Board of Directors, effective immediately.

It added that Ms. Arnold had been appointed to the Thomson Reuters Board’s Audit Committee and Human Resources Committee.

Coming into the role, Ms. Arnold has over 30 years’ worth of experience as an executive in the tech industry. She currently holds the role of Executive in Residence at General Catalyst Ventures, where she provides strategic and operational support to help scale and drive growth in the company.

Previously, she held the position of CEO at; Data Intensity, a cloud data service provider, Keane Inc., then a publicly traded global services provider, and management consultancy firm NerveWire (NSE:WIPRO).

She has also held the position of COO at media tech company Avid (NASDAQ:AVID), and senior leadership roles at Fidelity Investments, IBM (NYSE:IBM) and Computer Sciences Corp. (NYSE:DXC).

Ms. Arnold is on the boards of directors of; global electronics manufacturer Ingersoll Rand (NYSE:IR), talent and engagement software provider The Predictive Index, and solar tech and services company Solstice.

Arnold is also a Senior Lecturer at MIT as well as acting as an advisor to the Center for MIT Entrepreneurship. She sits on the board of trustees of the Massachusetts Technology Leadership Council and the Commonwealth Institute.

Thomson Reuters comments

Speaking on the announcement, company Chairman David Thomson stated,

“Kirk brings significant experience leading global technology businesses. We look forward to her contributions in the boardroom as Thomson Reuters increasingly focuses on connecting professional communities with open, cloud-based platforms that draw together trusted information, innovative technology and deep domain expertise.”

Investor notes

Following the update, the Company’s shares have rallied 0.77% or 0.77 CAD, to 100.92 CAD per share 16/01/19 16:00 GMT-5. The Group’s dividend yield stands at 1.89%, their market cap is 50/07 billion CAD.