Wall Street Journal Names Thomson Managing Editor - TheStreet

Wall Street Journal Names Thomson Managing Editor

The former <I>Times</I> of London editor will also head Dow Jones Newswires.
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Robert Thomson, a former editor of

The Times

of London, has been appointed Editor in Chief of Dow Jones and managing editor of

The Wall Street Journal

.

Thomson will replace Marcus Brauchli, who resigned as

Journal

managing editor

last month

after a meeting with Dow Jones executives.

"Mr. Thomson's outstanding career as a financial journalist, foreign correspondent and editor equips him perfectly for the position," said Rupert Murdoch,

News Corp.

(NWS) - Get Report

CEO and chairman.

Les Hinton, CEO of Dow Jones, which was acquired by News Corp. in December after a contentious courtship, said: "Robert is the ideal editor to unlock the vast potential of

The Wall Street Journal

and our other Dow Jones brands, both in this country and around the world."

Thomson will oversee the news section of

The Wall Street Journal

and the editorial operations of Dow Jones Newswires. Neal Lipschutz, Newswires managing editor, will report to Thomson.

Paul Gigot,

Journal

editorial page editor, will report to Hinton, who will assume Thomson's role as publisher of the

Journal

in addition to his existing duties.

Thomson was appointed publisher of Dow Jones in December 2007, having been editor of

The Times

of London since March 2002. Prior to that, he was managing editor of the U.S. edition of the

Financial Times

. From 1996 to 1998, he was editor of the

Weekend FT

. Thomson served as a correspondent in Beijing and Tokyo and began his career as a copy boy at

The Herald

, Melbourne, Australia, in 1979.

The Dow Jones Special Committee unanimously endorsed Thomson's appointment following his nomination by the company last week.

Referring to the circumstances of Brauchli's resignation, Hinton said: "The Company believes it was acting in accordance with the agreement and had no intention of subverting the role of the Special Committee. In hindsight, we recognize it would have more been appropriate to have advised the Committee in advance of reaching an agreement with Mr. Brauchli.

"We have apologized to the Committee members and undertaken that in future we will consult with it and seek approval of the Committee before taking any action with respect to an editor that could result in a material change in an editor's duties, responsibilities or reporting relationships or the departure of that editor."

This article was written by a staff member of TheStreet.com.