21 July 2005 | Rebecca Ellinor
Worldwide information company Reuters has appointed Ron Jarman as its global head of procurement.
It is a new post and Jarman, who moved from drinks company Diageo this month, will make major changes to Reuters' purchasing operations.
His initial focus will be on bringing together two worldwide sourcing teams.
One team concentrates on global technology and the second on areas of spend such as professional services and corporate categories.
While they will continue to operate in different countries, the two functions will be combined into one team.
Jarman said: "It about re-establishing sourcing within Reuters and getting it valued more by the rest of the business."
Reuters, which operates in 94 countries and is best known for its news information service, is changing strategy.
It plans to strengthen the business and move into growth areas in financial markets.
As a result, Jarman's other key task is to oversee a shift from a tactical to a more strategic sourcing model to bring procurement into line with Reuters' new business requirements.
"It's about getting better at managing suppliers and working with the business to make sure we get the right supply management relationship in place.
"This is an exciting time to join Reuters as it completes its transformation and it's a great opportunity to work with the teams to show the value we can bring to the Reuters business agenda."
Jarman held various leading procurement roles during his seven years at Diageo. Most recently he was information systems commercial director, responsible for the commercial management of the company's major outsourcing relationships.
He is also the current chairman of the board of management at CIPS.