Lex Fenwick, CEO of Dow Jones and an alumnus of Bloomberg, is leaving the company. He is being replaced by an interim CEO, Will Lewis.
Brendan Mcdermid / Reuters / Reuters
Dow Jones' own master salesperson, Lex Fenwick, is stepping down as CEO of the publisher of The Wall Street Journal.
Fenwick was the architect behind many of Dow Jones' most recent changes, notably "DJX" — an initiative to make the company's real-time news platforms more competitive with other companies like Bloomberg. Now, the company says it is "reviewing the institutional strategy of Dow Jones with an eye towards changes that will deliver even more value to its customers" and "planning improvements to DJX" as part of that.
An alumnus of Bloomberg, Fenwick tore through the offices of Dow Jones in New York and embraced a more open floor plan, much in the same way Bloomberg's offices have a few dozen blocks away on Lexington Ave, according to an earlier profile by Reuter's Jennifer Saba. While he didn't bring his signature Bloomberg orange coloring over to Dow Jones, a bit of the purple did come with him (the same color as his suits, according to that profile).
His flair was iconically materialized in the form of a big chandelier that went up in the Dow Jones reception area, replacing an otherwise normal reception area with a towering light fixture complete with its own novelty Twitter account. A few other perks came with him — including a new snack bar in the Dow Jones office with a slightly wider selection of coffee, a staple at Bloomberg's snack station in its Lexington office. (The snack bar also has its own Twitter account.)
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