Dow Jones CEO Lex Fenwick Exits
Dow Jones & Co. CEO Lex Fenwick is exiting the company after less than two years in the post.
News Corp said Tuesday that he will be replaced by interim CEO William Lewis, who joined the company in 2010 as group GM at News International (now News U.K.) and was appointed chief creative officer last year with a mandate to build new businesses, target acquisitions and drive digital initiatives.
At the same time, News Corp said it is planning to review Dow Jones' "institutional strategy."
“We’re reviewing the institutional strategy of Dow Jones with an eye toward changes that will deliver even more value to its customers. As part of that, we’re planning improvements to DJX, “ said Robert Thomson, CEO of News Corp.
He added that "greater flexibility in its product offerings is likely in the short term," according to the release. Dow Jones’ DJX information service has been in beta since its launch last year.
“We will also be redoubling our efforts to develop The Wall Street Journal and its digital properties globally,” said Thomson, adding: "We thank Lex for his time and energy at the helm of Dow Jones, and in particular for his original vision of DJX as an innovative way to integrate content and deliver it to customers in a timely manner."
Fenwick joined Dow Jones in February 2012 after a 25-year career at Bloomberg Lp., most recently as CEO of Bloomberg Ventures.
Lewis, meanwhile, previously served as editor-in-chief of the Telegraph Media Group in the U.K. and also has served as business editor of The Sunday Times and global news editor of The Financial Times. As a journalist, he covered mergers and acquisitions and fund management, among other topics.