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Michael Bloomberg returning to lead Bloomberg LP

Bishkek (AKIpress) - bloomberg Former New York City Mayor Michael R. Bloomberg is set to return the company he founded more than three decades ago.

Bloomberg, whose tenure as mayor came to an end this year, will take over at the end of 2014 when Daniel Doctoroff, who has served as president and chief executive since 2008, steps aside, Bloomberg said.

"I never intended to come back to Bloomberg LP after twelve years as mayor," Bloomberg said in a statement. "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. 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."

During Doctoroff's run as president, Bloomberg LP revenue increased from $5.4 billion to more than $9 billion in 2014, according to the company.


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