News and financial information group Reuters has put the former
managing director of its national division Geoff Wicks into the new role
of director, corporate relations.
Wicks, 47, succeeds Michael Cooling, formerly group IR manager and head
of corporate relations, who is due to retire in September.
Both Reuters director, media relations, Peter Thomas, and Andrew Waller,
director of corporate communications, will continue in their roles
reporting to Wicks.
Wicks said he would be replacing Cooling on the IR side but he is
currently reviewing the structure of the group.
The aim is to put the three elements: media relations, internal
communications and IR, together under Wick’s directorship to give a more
This is the first time Wicks has had a PR role. During 19 years with the
company he has held various sales, marketing and management roles.
For the last two and a half years he has been managing director of the
national division - one of three in Reuters’ UK business - where he was
responsible for some 350 staff handling accounts based in the UK.
Describing the change as a ’jolly good career move’, Wicks said that
after ten years working for divisions of the company he was keen to move
to the head office.
Based in London, Reuters provides a range of news and financial
information services and sells software for analysing bonds, currencies,
futures, options and stocks. This week it announced the launch of a new
trading product for the foreign exchange forwards markets called Dealing
The company’s shares have lagged the FTSE 100 index by 30 per cent.
First quarter revenue for 1997 was hit by the strong pound, turning an
underlying eight per cent increase into a two per cent decline to pounds