Thomson Reuters has unveiled a major business unit revamp of its Professional Division—consolidating top management reporting lines at its Tax & Accounting, Legal, and Healthcare & Science businesses.

The sweeping alignment eliminates the CEO posts at the abovementioned units and as a result, Roy Martin Jr., who has headed Tax & Accounting since 2005, has left. Brian Peccarelli, a 27-year veteran of the company and currently based in Carrollton, Texas, has been named president of that unit.

Each unit president will report in to Professional Division chief executive Jim Smith, who has held that post since 2008.

“We realigned the professional division to become more integrated among all our business lines,” a Thomson Reuters spokesman told AccountingToday.com.

Meanwhile, the company’s Markets arm remains largely unchanged and will continue to be helmed by Devin Wenig. The Markets Division houses the Media, Sales & Trading, Enterprise, and Investment & Advisory units.

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