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Bloomberg names Justin B. Smith CEO of BMG; Andrew Lack to be Chairman

Bloomberg LP announced today that Justin B. Smith will serve as chief executive officer of Bloomberg Media Group, which comprises Bloomberg's television, radio, magazine, conferences and digital businesses globally.Smith will join Bloomberg LP on September 16, reporting to CEO and President Daniel L. Doctoroff. Andrew Lack, who has served as CEO of Bloomberg Media Group since 2008, will become Chairman of Bloomberg Media Group.

Daniel L. Doctoroff- CEO & President

Daniel L. Doctoroff- CEO & President, Bloomberg LP

Smith served as President of Atlantic Media from 2010-2013. He is also a founder of Breaking Media, the Bali Purnati Center for the Arts, and the Ouagadougou Education Project.

"Throughout Bloomberg's history, we've been defined by our ability to disrupt markets, our willingness to invest when others don't, and our constant focus on innovation. Justin Smith has an exceptional track record in each of these areas. His deep understanding of the media and vision for its future makes him an ideal fit at Bloomberg as we continue to transform and expand our media businesses worldwide," said Doctoroff.

"I'm excited to join Bloomberg and help lead one of the world's largest media and journalism platforms," said Smith. "I've long admired Bloomberg's ambitious and entrepreneurial culture, and I look forward to contributing to the company's march towards becoming the world's most influential media company."

"As we build our business around the world, we deeply value leaders who understand the global long-term trends that will change the way people consume and make use of information," said Bloomberg Chairman, Peter T. Grauer. "Justin's international experience, coupled with his leadership in growing media businesses across new and old platforms, shows that he is the ideal candidate to lead our Media Group."

"This is a big day for the Media Group. I'm looking forward to working with Justin to take the Group to the next level with his remarkable creativity and forward thinking," said Lack.

On Lack staying on as Chairman, Doctoroff said, "Andy has provided great leadership and vision for our Media Group for nearly 5 years as we've enhanced the quality of our media properties and expanded internationally. We're very pleased that Andy will stay on as Chairman of the Media Group and continue to provide his expert counsel and leadership."