W. Edmund Clark Concludes a Decade on Thomson Reuters' Board of Directors

In a significant development for Thomson Reuters (TSX/NYSE: TRI), W. Edmund Clark, C.M. is set to retire from his position on the company's Board of Directors during the upcoming annual meeting of shareholders in 2025. This marks the end of a remarkable ten-year tenure, during which Mr. Clark contributed not only his expertise but also his passion for innovation and a deep commitment to customer satisfaction.

A Respected Leader

Since 2015, Clark, who represented The Woodbridge Company Limited, has played an integral role in the company’s governance. His contributions have been particularly noted in his leadership of the Human Resources Committee and his active participation in the Corporate Governance Committee. Mr. Clark’s efforts have been pivotal in steering the board through vital decisions that have shaped the future of Thomson Reuters, a global leader in providing trusted content and technology solutions.

Steve Hasker, President and CEO of Thomson Reuters, praised Clark's dedication, saying, "Ed is a phenomenal director and individual who has made his mark on Thomson Reuters. With his passion for AI, talent, and customer centricity, he has been instrumental to our growth and success." This sentiment reflects Clark’s influence on the company's strategies and long-term vision.

Transition and Future Directions

As Mr. Clark wraps up his service, both Woodbridge and Thomson Reuters are actively engaged in the process of selecting two new directors to represent Woodbridge at the board level. This transition is critical as the company prepares for future challenges and opportunities, ensuring that they maintain strong leadership and governance.

In compliance with National Instrument 62-103, Woodbridge has also filed an early warning report to disclose changes in significant ownership of Thomson Reuters common shares due to Mr. Clark's retirement. This transparency indicates the commitment Woodbridge and Thomson Reuters have toward regulatory compliance and shareholder interests.

Woodbridge’s Significant Stake

Currently, Woodbridge is the primary shareholder of Thomson Reuters, controlling approximately 69.7% of the outstanding common shares through its holding company, Thomson Investments Limited (TIL). Specifically, Woodbridge owns around 66.8% of these shares, solidifying its critical role in the company’s strategy and governance. The retirement of Clark and the subsequent nomination of new board members will be vital in maintaining this strategic focus.

A Legacy of Innovation

Mr. Clark’s impact on Thomson Reuters extends beyond his board role; he has been a prominent figure in discussions surrounding artificial intelligence and its applications within the business’s framework. His forward-looking approach has left an unmistakable influence on the company's culture of innovation and customer engagement, which will continue to resonate as Thomson Reuters moves forward.

As the company heads into the new year under new leadership, stakeholders are optimistic about the direction Thornton Reuters will take, staying committed to delivering cutting-edge solutions amidst a rapidly changing technological landscape.

In conclusion, W. Edmund Clark’s impending departure from the board highlights both a moment of reflection on his decade of service and an opportunity for rejuvenation within Thomson Reuters. With new directors set to be introduced, the company is poised to harness fresh perspectives while building upon its established legacy of excellence in the content and technology sectors.