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Thomson Reuters CEO hospitalised after heart incident
Thomson Reuters reported on Tuesday that chief executive Jim Smith is set to make a full recovery after being hospitalised following an arrhythmia incident on 12 February.
Smith's condition is stable and, although he remains under observation in a Toronto hospital, he is expected to be released within the next two weeks, followed by a period of recovery.
The former journalist was appointed as chief executive in 2012 and began his career at Thomson Corp in 1987 as head of its North American newspaper business before moving into other executive roles at the company.
Last month, Smith oversaw the company's largest transaction since Thomson Corp bought Reuters in 2008, supervising the sale of a majority stake in the company's financial and risk business to private equity firm Blackstone Group.
The deal, which is expected to close late in 2018, valued the unit at around $20bn.
According to a company statement, the Smith's responsibilities are currently being overseen by chief financial officer, Stephane Bello, in line with company practice.