(Adds memo from CEO, stock info)
Oct 7 Thomson Reuters Corp said
it plans to create a new technology center in Toronto by hiring
400 people over the next two years, and that its chief executive
and chief financial officer will move to the Canadian city in
CEO Jim Smith and CFO Stephane Bello currently work out of
the company's office in Stamford, Connecticut.
Additional management roles will be relocated and recruited
locally in Toronto over the next few years, Thomson Reuters said
in a statement on Friday.
Smith said in a memo to employees that the company's
commitment to centers such as New York, London and Hong Kong
"has never been stronger" and the Toronto expansion was in part
an opportunity to "take a technology leadership position in the
Thomson Reuters was created when Canada's Thomson Corp
bought London-based Reuters Group Plc in 2008.
The news and data provider, which currently has 1,200
employees in Canada, said it plans to expand the new Toronto
technology center by hiring 1,500 positions over time.
The New York-listed shares of Thomson Reuters fell 0.9
percent to $40.62 by late morning and the Toronto-listed fell
0.7 percent to C$53.78.
Thomson Reuters is the parent of Reuters News.
(Reporting by Jessica Toonkel and Alan Crosby; Editing by