- The Washington Times - Thursday, September 4, 2014

It’s out Daniel Doctoroff and in Michael Bloomberg. The former mayor of New York City is taking back the top helm at the news and financial data company he founded, Bloomberg LP, and Mr. Doctoroff is stepping aside.

Bloomberg LP will not name a replacement, but rather will again be led by Mr. Bloomberg with support from the existing leadership team,” the company said in a statement announcing Mr. Doctoroff’s exodus, Thomson Reuters reported.

Mr. Bloomberg, who holds the majority of shares in his company, said he was sorry to see Mr. Doctoroff leave.

“This is a sad day for me and my company,” he said, the news site reported. “I really wanted Dan to stay and continue in his leadership role. But I understand his decision.”

Mr. Bloomberg — whose other ventures include heading up Mayors Against Illegal Guns, a group tasked with cracking down on Second Amendment rights around the nation — said he never aimed at returning to the top dog spot at Bloomberg LP.

“However, the more time I spent reacquainting myself with the company, the more exciting and interesting I found it, in large part, due to Dan’s efforts,” he said, Thomson Reuters reported. “I have gotten very involved in the company again and that led to Dan coming to me recently to say he thought it would be best for him to turn the leadership of the company back to me. It was a gracious and thoughtful offer and one that I finally accepted after significant pushback and great reluctance.”

Mr. Doctoroff took over as president of the company in 208 and CEO in 2011.

“It is and has always been Mike’s company and given his renewed interest and energy, it only makes sense for him to retake the helm,” Mr. Doctoroff said, in a statement. 

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