Jim Kharouf is stepping down as CEO of John J. Lothian & Company, Inc. at the end of the year after having assumed the role on January 1, 2017. Kharouf is leaving the company as an employee, but will continue to work with John Lothian News and John Lothian Productions as an independent contributor. He will also be exploring his own bespoke initiatives, including in the Fintech sector.
Despite accomplishing much during his tenure at the company and as CEO, Kharouf is departing after philosophical differences with Executive Chairman John Lothian over the direction of the firm and management issues.
“Jim Kharouf did an excellent job as CEO and is one of the most talented journalists I have ever known,” Lothian said. “This new phase in our relationship will allow him to continue to apply his considerable talents as a multi-media journalist to our products and services, while also relieving him of the burden of managing the company. Additionally, this frees him to explore and develop his own entrepreneurial ideas.”
“Change is not a bad thing,” Kharouf said. “Sometimes you try new things and they work and sometimes they don’t work as well as you plan them. In our case, we did what good companies do, we adjusted and pivoted in another, positive direction. Ultimately, we’re aiming for a win-win here in terms of management and content.”
Kharouf is one of the most experienced journalists in financial markets, with more than 20 years covering the derivatives and securities space and more than 25 years as a journalist, editor and media executive. He has worked with John Lothian since 2006 when they co-founded the Environmental Markets Newsletter (later renamed JLN Environmental/Energy). He began working full-time with John Lothian News in 2008. Over the past 11 years, Kharouf has helped launch, manage and oversee key editorial properties such as MarketsWiki, MarketsReformWiki and the John Lothian newsletters.
He also helped spearhead the expansion of the editorial video division, John Lothian Productions, with Patrick Lothian, head of video production for the firm. Kharouf also helped create the format for MarketsWiki Education with John Lothian, the international educational event series aimed at educating, informing and inspiring the next generation of professionals in the financial markets.
“Jim has grown tremendously as a journalist during our time together and this new relationship allows him to apply those skills to initiatives of his own,” Lothian said. “We look forward to fully supporting him in any way we can.”
“We are grateful for Jim’s years of service on behalf of the entire company. I can’t say enough good things about Jim as a person and professional. He has been a great example to all our employees of someone growing personally and professionally while an employee of JJLCO.”
“John Lothian is a powerful voice in the industry and will continue to be so with his John Lothian Newsletter, JLN Options, MarketsWiki and MarketsWiki Education,” Kharouf said. “He will continue to build the company which he started 17 years ago. It is a unique model in the media space, and one of the most trusted sources of news and information in the financial markets globally. That will certainly continue.”
John Lothian will return to the role of CEO in addition to his other roles. Lothian continues to own 100% of John J. Lothian & Company, Inc.