Former Bank of England boss Mark Carney to head up Bloomberg board
Mr Carney’s appointment comes as part of a management shake-up at the media financial services firm.
Your support helps us to tell the story
From reproductive rights to climate change to Big Tech, The Independent is on the ground when the story is developing. Whether it's investigating the financials of Elon Musk's pro-Trump PAC or producing our latest documentary, 'The A Word', which shines a light on the American women fighting for reproductive rights, we know how important it is to parse out the facts from the messaging.
At such a critical moment in US history, we need reporters on the ground. Your donation allows us to keep sending journalists to speak to both sides of the story.
The Independent is trusted by Americans across the entire political spectrum. And unlike many other quality news outlets, we choose not to lock Americans out of our reporting and analysis with paywalls. We believe quality journalism should be available to everyone, paid for by those who can afford it.
Your support makes all the difference.Former Bank of England boss Mark Carney has been appointed to head up a new board of directors at media financial services group Bloomberg as part of a management overhaul at the firm.
In an email to staff on Monday, the firm’s 81-year-old founder and former New York City mayor Michael Bloomberg announced that former chief product officer Vlad Kliatchko was also being promoted to chief executive.
It comes amid mounting speculation over succession plans at Bloomberg, although Mr Bloomberg told employees he was “not going anywhere”.
He added: “I’ve never used a title in the company, so I won’t change what I’ll be called – just ‘Mike’.”
The shake-up will also see JP Zammitt, who had been chief operating officer, become president of Bloomberg, while Patti Roskill has been appointed as the group’s chief financial officer.
Mr Carney – who has teamed up with Bloomberg previously on climate projects – will chair a new board of directors alongside his role as chairman of Canadian investment firm Brookfield Asset Management.
Other board members are set to be announced in “short order”, with existing members to be given honorary positions and labelled “emeritus”.
Mr Carney was governor of the Bank of England for nearly seven years, from July 2013 to March 2020.
He is also currently acting as United Nations special envoy on climate action and finance.
Mr Bloomberg said in the staff memo: “Our decades-long growth, while terrific, also risks complacency.
“We’ve never been a place that just accepts the status quo.
“We’re successful because we change and adapt – always thinking about tomorrow, not what we did yesterday, and always doing things first.”
Mr Bloomberg, who served as New York City mayor for three terms, ran for president in the US in 2020, but pulled out of the running after after three months.
He founded what was then called Innovative Market Systems in 1981 to build data systems for Wall Street banks.
Since renamed Bloomberg, it has become a leading provider of financial data terminals in the finance sector globally.