Published March 28, 2013
NEW YORK – Morgan Stanley has nominated former Thomson Reuters chief executive Thomas Glocer to its board of directors to replace outgoing director Roy Bostock, who is retiring in compliance with the company's age limit for directors.
Glocer, 53, was CEO of Thomson Reuters, the global news and information company, from April 2008 to December 2011. He held other executive roles at Reuters since 1993. Morgan Stanley disclosed his nomination in a proxy filing on Thursday.
Bostock will have reached the maximum director age of 72 by the time of Morgan Stanley's annual meeting on May 14 and thus is not standing for re-election, the bank said.
Bostock had been chairman of Yahoo Inc until he abruptly left after a contentious battle with Dan Loeb, an activist investor who runs the hedge fund Third Point LLC and recently acquired a stake in Morgan Stanley.
(Reporting By Lauren Tara LaCapra)