Bloomberg insiders can't be sure if Mike Bloomberg will choose an internal successor because he 'believes in stability, and then change,' report says
Michael Bloomberg is keeping his executives guessing about who might succeed him, and could even look outside his financial data powerhouse, a report said.
While Bloomberg might be best known for its news division, only a fraction of its revenues come from media, per the FT. The company generates about $12 billion in annual revenues, with most of that coming from the Bloomberg terminals found on the desks of tens of thousands of bankers and businesspeople the world over.
Jean-Paul Zammitt, Bloomberg's CEO, is regarded as the most likely candidate to take over. He's has been in charge of the company's terminal sales business for years and has taken increasing responsibilities from other executives, per the report. , a computer engineer originally from Russia and Bloomberg's chief product officer, is seen as another possible candidate to replace Bloomberg."Only two people" run the company – Zammitt and Kliatchko – a former senior Bloomberg executive told the FT. They added that Bloomberg"has no need to go internally. Mike believes in stability, and then change."
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