The Globe and Mail reports in its Friday edition that Woodbridge has appointed Jay Forbes as its next president and chief executive officer, choosing a veteran executive with broad experience in a number of industries. The Globe's James Bradshaw writes that Mr. Forbes will start as Woodbridge's CEO on Sept. 23, succeeding David Binet, who took over as the company's CEO in 2013, and last year stepped down as a director of Thomson Reuters. Woodbridge is the private holding company and primary investment vehicle for Canada's Thomson family, which also owns The Globe and is the controlling shareholder of Thomson Reuters. Most recently, Mr. Forbes was the CEO of Element Fleet Management, the world's largest automotive management company. He retired from that role last year, handing over leadership of the company to current CEO Laura Dottori-Attanasio. Mr. Forbes took over Element Fleet in 2018 and over five years at the helm, the company's share price increased by more than 260 per cent. He was previously CEO at four other companies, headquartered from Manitoba to Belgium, and his experience spans the technology, finance and telecommunications sectors.