Former Bank of England Governor Mark Carney has been appointed as the Chairman of the Board of Directors at Bloomberg, the US financial and media firm. The announcement was made by Bloomberg’s founder, 81-year-old Michael Bloomberg, in an email to staff. This appointment comes as no surprise, as Carney has previously worked with Bloomberg on climate-related projects. Alongside Carney, Vlad Kliatchko, the company’s product head, was named as the Chief Executive. Speculation about succession plans has been rife, making Kliatchko’s promotion particularly significant.
According to sources, more new board members will be appointed soon, and existing members will be given honorary positions as part of this reshuffle. In his email, Michael Bloomberg, who will stay at the firm, clarified that he is not going anywhere. Carney will continue in his role as Chairman of Canadian investment firm Brookfield Asset Management, while also serving as the United Nations special envoy on climate action and finance.
Mark Carney’s tenure as Governor of the Bank of England began in July 2013 and ended in March 2020. Prior to this, he served as the governor of the Bank of Canada and held positions in Canada’s finance department and Wall Street investment bank Goldman Sachs. Michael Bloomberg, known for his philanthropic efforts, founded Bloomberg LP in 1981 and returned as CEO in 2014, succeeding Daniel Doctoroff. He also ran as a candidate for the 2020 Democratic nomination for US president before withdrawing from the race after three months.
As of now, Bloomberg has not responded to a request for comment from the BBC regarding this development. However, this appointment of Mark Carney as Chairman of the Board of Directors is set to bring new leadership and expertise to the financial and media giant. It remains to be seen what further changes will take place with the addition of new board members in the near future.
