Thomson Reuters announced on Monday that Gary E. Bischoping Jr. will become the company's chief financial officer on May 8, succeeding Mike Eastwood as part of a planned leadership transition. Bischoping is due to join the Toronto-based information and technology company on April 13 and will take part in the firm's first-quarter earnings call on May 5 together with Eastwood.
Bischoping joins Thomson Reuters from private equity firm Hellman & Friedman, where he most recently served as a partner. Prior to that role, he accumulated more than 17 years of experience at Dell Technologies in senior positions, including serving as CFO and treasurer of a division.
As the handover is carried out, Eastwood will retire from his current role as chief financial officer and assume the position of chairman of the Thomson Reuters Foundation's board. He will replace Jim Smith in that role. The company is the owner of Reuters News and is described as an information and technology enterprise based in Toronto.
In a statement accompanying the announcement, CEO Steve Hasker said: "He (Bischoping) brings the right combination of financial rigor, strategic insight, and operational leadership to guide Thomson Reuters through its next chapter - including the opportunities ahead in the AI era." The remark frames the appointment as part of the company's broader strategic positioning amid technological change.
The company confirmed both Eastwood and Bischoping will be present on the May 5 first-quarter earnings call, signaling an overlap in responsibilities during the transition period. The staggered dates - an April 13 start at the company followed by a May 5 joint earnings appearance and a May 8 effective date as CFO - outline the timetable for the leadership change.
This move replaces Eastwood in the chief financial role while retaining him in a governance capacity at the Thomson Reuters Foundation. The announcement details the sequence and roles without additional operational or financial projections related to the executive change.
Summary
Thomson Reuters will appoint Gary E. Bischoping Jr. as CFO effective May 8. He will join the company on April 13 and will appear with current CFO Mike Eastwood on the May 5 first-quarter earnings call. Eastwood will retire from the CFO role and become chairman of the Thomson Reuters Foundation board, replacing Jim Smith.