Bloomberg executive named to head Dow Jones | Bangkok Post: tech

News Corp. on Thursday named Lex Fenwick, a senior executive at the Bloomberg financial news service, to head Dow Jones, publisher of The Wall Street Journal.

A News Corp. sign is seen outside of its offices in New in 2004. News Corp. on Thursday named Lex Fenwick, a senior executive at the Bloomberg financial news service, to head Dow Jones, publisher of The Wall Street Journal.

Fenwick, who has worked at Bloomberg for the past 25 years, will start as chief executive of Dow Jones on February 13, News Corp. said in a statement.

"We are thrilled that Lex will be driving our plans to grow all our Dow Jones franchises into true innovative market leaders for today's digital world," News Corp. chief executive Rupert Murdoch said in a statement.

Fenwick took over as chief executive of Bloomberg in December 2001 when founder Michael Bloomberg stepped down to run for mayor of New York.

Fenwick was most recently chief executive of Bloomberg Ventures, a Bloomberg subsidiary.

He will be based in New York and report to News Corp. chief operating officer Chase Carey, who said Fenwick joins Dow Jones "at a time when digital technologies are making information ever more important."

He replaces long-time Murdoch aide Les Hinton, who resigned in July.

Hinton served as chairman of News International during the phone hacking scandal at the News of the World but has said he was not aware it was taking place.