Thomson Reuters Legal's top executive departs
- Article by: Neal St. Anthony
- Star Tribune
- December 10, 2013 - 8:42 AM
The top executive at Eagan-based Thomson Reuters Legal is leaving at the end of the month after two years on the job as part of an executive shuffle at the global business-and-legal media company.
Mike Suchsland, president of Legal since 2011, is leaving New York-based Thomson Reuters along with the head of its intellectual property and science unit and its global growth and operations units.
A Thomson Reuters executive said in a statement released from New York that Suchsland and the two other leaders would be “transitioning” out of the company by Dec. 31.
Suchsland is believed to have been with Thomson Reuters for about 15 years, but the company declined to comment beyond the statement.
Thomson Reuters, which just announced global job cuts of about 3,000 people, is restructuring to improve financial performance.
Thomson Reuters CEO Jim Smith, who took over in January 2012, has been trying to streamline to improve profitability in a low-growth environment. A previous round of cuts, announced in February, trimmed about 4 percent of the workforce.
Eagan is headquarters of Thomson Reuters’ legal-publishing business that serves law firms and corporations with such publications as Westlaw. The company, which has about 7,000 employees in Eagan, has struggled with competition and amid cutbacks at law firms.
Thomson Reuters Legal saw its operating profit decline by 1 percent to $708 million for the first nine months of 2013 on revenue that increased by 3 percent to $2.48 billion.
Susan Taylor Martin has been appointed president of legal, to succeed Suchsland. However, it is unclear if she will move to the Eagan campus.
Taylor Martin is managing director of Thomson Reuters Legal in the UK and Ireland. She joined the company in 1993 and has held a variety of leadership roles within a number of businesses, including global head of corporate strategy at Reuters and president of Reuters Media, according to a prepared statement.
Thomson Reuters is believed to have cut several hundred jobs in the Twin Cities in recent years, but the company has declined to specify a number.
Neal St. Anthony • 612-673-7144
© 2016 Star Tribune