Daily Mail General Trust (LSE: DMGT) has lured Thomson Reuters’ (NASDAQ: TRIN) investment and advisory president Suresh Kavan to become the new CEO of its DMG Information (DMGI) B2B info division. The gap was created when outgoing DMGI CEO Martin Morgan was picked late last year to replace retiring Charles Sinclair as overall DMGT CEO on October 1; Kavan will join in August.
Kavan had spent eight years at Thomson Financial, coming in its acquisition of Primark’s financial business. He will be based out of DMGI’s Stamford, Connecticut, headquarters.
DMGI provides market information to companies; its operations include Environmental Data Resources, energy info resource Genscape, Landmark for digital mapping and Property & Portfolio Research. DMGI profit was up four percent to £32 million in the six months to March, though economic conditions are impacting its property businesses.