NATION
Reuters Holdings Plc, the news and financial information organization, said that Jerome A. Rich, president of its Rich Inc. subsidiary, is resigning and will be succeeded by his cousin, Wiley Payne, 47, currently executive vice president.
Chicago-based Rich designs builds and installs trading room systems for use in financial markets. There are more than 400 Rich systems installed and contracted for in 24 countries. Reuters bought Rich in 1985 for $57 million in cash and Reuters stock.
Rich, 49 and son of the company founder Anthony Rich, resigned effective next Wednesday to pursue personal interests.
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