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World trade chief appointed a Thomson Reuters trustee

Thomson Reuters Founders Share Company announced on Monday that it had appointed Pascal Lamy, director general of the World Trade Organization, to its board of directors.

Founders Share Company directors act as trustees of the Thomson Reuters Trust Principles which govern the way Thomson Reuters Corporation conducts business.

Lamy, 62, began his career in the French civil service at the Inspection Générale des Finances and at the Treasury. He then became an advisor to the Finance Minister Jacques Delors, and, subsequently, to Prime Minister Pierre Mauroy. In Brussels between 1985 and 1994, he was chief of staff to the president of the European Commission, Jacques Delors, and later CEO of the restructured French bank Credit Lyonnais. He was also commissioner for trade at the European Commission under Romano Prodi and since September 2005 he has been director general at the WTO.

Pehr Gyllenhammar, chairman of the Founders Share Company, said, "I am delighted to welcome Mr Lamy to the Founders Share Company. I first worked with Mr Lamy when he was Chief of Staff to the President of the European Union, Mr Jacques Delors, and later when he was Commissioner for Trade at the European Commission and I am very much looking forward to working with him again. Mr Lamy will bring a wealth of invaluable global experience to our distinguished Board."

Lamy said, "I look forward to working with the members of the Board to help uphold the values of integrity, independence and freedom from bias contained within Thomson Reuters Trust Principles."

The constitution of Thomson Reuters Corporation, ultimate parent company of the Thomson Reuters Group, includes provisions to safeguard the Principles. Thomson Reuters has issued the Founders Share Company with a single Founders Share which enables it to block any shareholder action which threatens the Principles. ■

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