Michael Bloomberg to return as head of Bloomberg company


Credit: Reuters/Jonathan Ernst


Former New York City Mayor Michael Bloomberg talks to reporters after meeting with U.S. President Barack Obama and business and civic leaders for an event to discuss Obama's ''My Brother's Keeper'' initiative at the White House in Washington, February 27, 2014.


The company, in which Bloomberg is the majority shareholder, said Doctoroff would step aside as president and chief executive at year-end.


'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.


(Reporting by Peter Cooney in WashingtonEditing by Sandra Maler)


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