Dow Jones & Company Nominates Hemenway & Barnes' Elefante to its Board of Directors.NEW YORK New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of -- Dow Jones & Company (NYSE NYSE See: New York Stock Exchange :DJ), which publishes the world's most vital business and financial news and information, today announced that it will nominate Michael B. Elefante to stand for election to the Company's board of directors at its 2005 annual meeting of shareholders in April. Mr. Elefante, 60, is a partner in the Boston law firm of Hemenway & Barnes, which acts as the primary trustee for the Bancroft family, the controlling shareholder of Dow Jones. Effective with the 2005 annual meeting in April, Roy A. Hammer, a Dow Jones director since 1998, will be retiring from the board under the mandatory retirement provision of the Dow Jones bylaws The rules and regulations enacted by an association or a corporation to provide a framework for its operation and management. Bylaws may specify the qualifications, rights, and liabilities of membership, and the powers, duties, and grounds for the dissolution of an . Mr. Hammer also is a partner at Hemenway & Barnes. Mr. Elefante joined Hemenway & Barnes in 1970 and became a partner in 1976. He served as managing partner of the firm from 1993 to 1999. In his current role, he represents privately held corporations, both family companies and those owned by entrepreneurs in a variety of business fields. About Dow Jones & Company Dow Jones & Company (NYSE: DJ; dowjones.com) publishes The Wall Street Journal and its international and online editions, Barron's and the Far Eastern Economic Review, 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 , Dow Jones Indexes, and the Ottaway group of community newspapers. Dow Jones is co-owner with Reuters Group of Factiva, with Hearst of SmartMoney and with NBC NBC in full National Broadcasting Co. Major U.S. commercial broadcasting company. It was formed in 1926 by RCA Corp., General Electric Co. (GE), and Westinghouse and was the first U.S. company to operate a broadcast network. of CNBC CNBC Center for the Neural Basis of Cognition (artificial intelligence) CNBC Consumer News and Business Channel CNBC Congress of National Black Churches, Inc. television operations in Asia and Europe. Dow Jones also provides news content to CNBC and radio stations in the U.S. |
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