Albutt and Mintz Leaving Reuters

Reuters is losing two senior executives, Inside Market Data has learned.

Graham Albutt, a 17-year veteran who is currently president of business programs, and Gerald Mintz, head of enterprise information solutions, are retiring at the end of the year, a Reuters spokesperson confirms.

Neither will be replaced. Albutt's responsibilities will be divided among the operational units. For example, operations and technology elements will be assigned to Mike Sayers, head of global operations and technology, and new business architecture, which includes the IDN and RDN networks, will be given to Peter Moss, global head of enterprise.

Albutt has held a variety of positions at Reuters since joining in 1987 as implementation manager for IDN and Monitor. Before his current role, he was president of the Business Technology Group, responsible for all product management, development, data and technical operations as well as the integration of the Bridge assets (IMD, June 25, 2001). He has also been in charge of the Focus Group Account program and oversaw the business and commercial aspects of Reuters' business transformation project. He was president of Reuters Trading Systems for the Americas between 1998 and 2000 and chief information officer from 1996 to 1998. Before joining Reuters, he worked in consulting, the IT industry and the military.

Mintz, who joined Reuters about 18 months ago, is moving to Gartner Group to run Gartner Executive Programs, one of three business lines. He officially starts at Gartner, which offers research and analysis on the global IT industry, in mid-July.

Mintz says Gartner approached him. "I've enjoyed Reuters tremendously," he says. "[But] in terms of a growth opportunity for business at Gartner and personal opportunity for me, it looked really exciting." He says the Executive Program business, which provides peer networking services and programs for CIOs and CTOs, fits with his background in technology and publishing.

Mintz came to Reuters from Fame Information Services, now part of SunGard Data Management Solutions, where he was president and CEO (IMD, Dec. 16, 2002). He joined Reuters as executive vice-president and head of the content management and distribution solutions practice after being replaced at Fame eight months earlier (IMD, April 8, 2002).

Before joining Fame in 1999, Mintz worked at Thomson Financial Services, EJV Partners and Telerate.

A Reuters spokesperson says the timing of the departures is coincidental and not a sign that Reuters is reorganizing or consolidating positions.