The Woodbridge Company Limited, the family company that controls Thomson Reuters Corp , announced that David Binet will succeed Geoff Beattie as president and chief executive, effective January 1.
In a separate statement, Thomson Reuters said on Thursday that Beattie will remain its deputy board chairman and that Binet will join the company's board.
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Binet is currently the chief operating officer of Woodbridge.
Woodbridge is the investment company of Canada's Thomson family and owns a 55 percent stake in Thomson Reuters.
Thomson Corp acquired Reuters Group Plc in 2008.
(Reporting by Jennifer Saba in New York; Editing by Martin Howell)