Masthead Shake-Up at the The Wall Street Journal [Updated]

wallstreetjournal9 Masthead Shake Up at the The Wall Street Journal [Updated]

There’s a big shake-up at The Wall Street Journal! There are new masthead additions, and revised roles for others.

Robert Thomson sent out a newsroom-wide memo this afternoon announcing that Mike Miller, currently a deputy managing editor at the paper, will become his No. 2. Thomson writes that he "will be responsible for editing the paper if I am otherwise engaged."

There are three new deputy managing editors. Nik Deogun, currently the Money & Investing editor, will become the international editor, while Matt Murray becomes national editor. Mike Williams, already a Page One editor, will retain his role.

Noticably absent from the memo is John Bussey, Washington bureau chief, who was reportedly a leading candidate to replace Marcus Brauchli. He seems to be staying where he is.

Other role changes!

Cathy Panagoulias: deputy managing editor

Jim Pensiero: deputy managing editor for operations and will be "masterminding our move to Midtown."

Alix Freedman: currently a deputy managing editor will have "expanded authority" over the paper’s standards

Alan Murray: named a deputy managing editor and will continue to run wsj.com

Dan Hertzberg: currently a deputy m.e., will be running European/Asian editions

Reg Chua: senior assistant managing editor, and will run design

UPDATE: Michael Calderone has the e-mail from Robert Thomson announcing that current deputy managing editor, Laurie Hays, is out. She’s leaving–Thomson says it was her decision–just like another deputy m.e. Bill Grueskin who took a job at Columbia.

Here’s the memo:

Dear All,

I am pleased to announce significant changes to the editorial leadership of The Wall Street Journal, changes which will expedite decision-making and give increased authority and responsibility to reporters and bureau chiefs. These changes will take place in tandem with the creation of a central news desk that will allow significantly enhanced co-operation between print, web and Newswires journalists, in New York and around the world.

At the heart of our new structure will be a National, International and Enterprise Team, a triumvirate which will report directly to me and to whom the bureau chiefs will report. Effective July 7, Matt Murray will become National Editor, overseeing American general and corporate news, and Nikhil Deogun will become International Editor and directly oversee our global network of bureaus and correspondents. Mike Williams will preside over a broadened Page One, being responsible for investigative reporting, as well A-heds and leders. The troika, who will become Deputy Managing Editors, will sit close together in what could prosaically be called a "news hub", thus streamlining commissioning and editing decisions, and giving them a central role in the production and presentation of copy for the paper and the website.

Mike Miller, who continues to oversee the Journal’s features sections, is to be Senior Deputy Managing Editor and will be responsible for editing the paper if I am otherwise engaged. Cathy Panagoulias becomes a Deputy Managing Editor and will take a greater role in providing administrative support for bureau chiefs and in hiring decisions. Jim Pensiero is to be Deputy Managing Editor for operations, and is masterminding our move to Midtown and the introduction of a new publishing system. Alix Freedman will have expanded authority as a defender of the paper’s ethical and journalistic standards. Alan Murray will remain as Executive Editor of the Journal Online, which will have a more influential role at the heart of the reformed news structure, and becomes a Deputy Managing Editor.

Deputy Managing Editor Dan Hertzberg will take responsibility for the European and Asian editions, and will have the task of building our editorial presence and profile in Europe and, in particular, in the U.K. Reg Chua becomes Senior Assistant Managing Editor, and will oversee the Design Team – a new Director of Design will be appointed in coming days – and the development of data resources.

Most news organizations in the U.S. and around the world are in retreat, but Dow Jones is expanding its reporting resources, rapidly developing its digital content and providing journalism of the highest integrity to an ever larger audience in The Wall Street Journal.

Yours,

Robert.