Crovitz Named Vice President of Dow Jones & Company.NEW YORK--(BUSINESS WIRE)--Nov. 10, 1997--Dow Jones & Company announced today that L. Gordon Crovitz Louis Gordon Crovitz is the publisher of The Wall Street Journal and executive vice-president of Dow Jones. He is a Phi Beta Kappa graduate of the University of Chicago. has been named vice president, planning and development, a new post, effective immediately. The announcement was made by Peter R. Kann, chairman and CEO (1) (Chief Executive Officer) The highest individual in command of an organization. Typically the president of the company, the CEO reports to the Chairman of the Board. , and Kenneth L. Burenga, president and COO of Dow Jones. In his new role, Crovitz will work with Messrs. Kann and Burenga and other executives to identify new business strategies and opportunities for Dow Jones as a whole, and for major business units. Since 1996, Crovitz, 39, had been managing director of Dow Jones Markets for the Asia Pacific region, based in Hong Kong. He will be succeeded in this post by Bill Reidy, who had previously served as his deputy. From 1992 to 1996 Mr. Crovitz served in Hong Kong as editor and publisher of Dow Jones' Far Eastern Economic Review, the leading magazine of Asian business. During his tenure at the Review, circulation rose 17% while advertising pages also increased 17%, and the magazine posted record profits. Earlier, Crovitz worked as assistant editor on The Wall Street Journal editorial page and as editorial page editor of The Wall Street Journal Europe. In 1990 he earned the Gerald Loeb Award The Gerald Loeb Award is a recognition of excellence in journalism, especially in the fields of business, finance and the economy. The award was established in 1957 by Gerald Loeb, a founding partner of E.F. Hutton & Co.. for Distinguished Business and Financial Journalism for editorials about alleged prosecutorial pros·e·cu·to·ri·al adj. Of, relating to, or concerned with prosecution: "a huge investigative and prosecutorial effort" Lucian K. Truscott IV. abuses of the RICO RICO n. . legislation. The holder of law degrees from Oxford and Yale, Mr. Crovitz also won first place awards for commentary in the New York State Bar Association The New York State Bar Association (NYSBA), with about 72,000 members, is the largest voluntary association of lawyers in the United States. The NYSBA was founded in Albany on November 21 1876. New York lacks an integrated bar, and the NYSBA does not license lawyers in the state. competition for five consecutive years, 1987-91. Dow Jones & Company (NYSE NYSE See: New York Stock Exchange : DJ) publishes The Wall Street Journal and its international editions, The Wall Street Journal Interactive Edition, Barron's magazine and other periodicals, the Dow Jones Indexes, electronic information services and the Ottaway group of community newspapers. Electronic information services include: Dow Jones Markets, a leading global provider of news and market information, decision-support applications, trading-room systems and transaction services for financial institutions; Dow Jones Newswires Dow Jones Newswires is the real-time financial news organization owned by Dow Jones. Founded in 1882, its primary competitors are Bloomberg L.P. and Reuters. The company reports more than 420,000 subscribers -- including brokers, traders, analysts and fund managers -- as of July ; and Dow Jones Interactive Publishing, which provides business information to corporations and consumers by computer, telephone, facsimile and radio. Dow Jones also produces international business television programming. CONTACT: Dow Jones & Company, New York Richard Tofel, 212/416-2951 |
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