Daniel L. Doctoroff, a former deputy to Mayor
Oscar Hidalgo for The New York TimesDaniel L. Doctoroff, right, with Mayor Michael Bloomberg in 2007.The promotion will shift day-to-day responsibility for all of Bloomberg L.P. to Mr. Doctoroff from Peter T. Grauer, the longtime chairman of the sprawling financial and media company founded by Mr. Bloomberg 30 years ago. Mr. Doctoroff will continue to report to Mr. Grauer, who will remain chairman.
The shift comes at a time when the closely held Bloomberg L.P., known for its financial terminals, is expanding its terrain — with the magazine Bloomberg Businessweek, the Washington data service Bloomberg Government and the editorial-writing outfit Bloomberg View being three much-talked-about examples.
“In addition to our very successful core businesses, the Bloomberg terminal and Bloomberg News, we have started eight new businesses just in the past few years,” Mr. Grauer said in a statement. “Dan is perfectly suited to manage our increasingly diversified business model.”
Employees were notified Tuesday morning in an internal e-mail memorandum that the promotion would be effective Aug. 1.
Also Tuesday, Thomas F. Secunda, the manager of Bloomberg’s biggest unit, financial products, was named a vice chairman of the company. Mr. Secunda was one of the founding partners of Bloomberg L.P. in 1981.
Bloomberg has not had a chief executive since mid-2008, when Lex Fenwick was moved to a business incubator called Bloomberg Ventures, where he remains. At that time Mr. Grauer, the chairman of Bloomberg since 2001, took on day-to-day oversight of many of the company’s divisions, with Mr. Doctoroff, who had joined the company as its president six months earlier, as his deputy.
As president, Mr. Doctoroff was responsible for the financial products, data products, news, multimedia, operations and ventures units of Bloomberg. As chief executive and president, he will add to his portfolio the finance and administration, marketing, corporate communications and professional development units.
The move will make Mr. Grauer a more traditional chairman. According to the internal memo written by the two men, he will focus on “ensuring that we are building and maintaining high-level relationships with customers and other external stakeholders, including senior government officials; enhancing our legal, compliance and security functions; driving our world-class sustainability and philanthropy programs; and building our unique culture through mentoring and new leadership and career development programs.”
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