Reuter Report on VanBennekom's Resignation in 1992



Here's a July 29, 1992, story from Reuters on Pieter Van Bennekom's resignation from UPI:

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UPI PRESIDENT RESIGNS, JOINS BUSINESS NEWS AGENCY

WASHINGTON, Reuter -- Pieter Van Bennekom has resigned as president of United Press International to become an officer of EastNet, a business news service that offered in May to buy parts of UPI, it was announced Wednesday.

Van Bennekom is the first top executive to leave UPI since the financially ailing wire service was sold at the end of June to Middle East Broadcasting Centre Ltd., of London.

UPI executive editor Steve Geimann said there had been no other changes in leadership. Robert Kennedy, deputy chief executive of MBC, is acting as UPI chief executive while a successor to Van Bennekom is sought, Giemann said.

Geimann also said UPI was moving its Boston bureau out of the Boston Herald building but was maintaining the bureau. There have been published reports UPI continues to carefully watch its spending.

In a statement, Van Bennekom said he told MBC when it took control of UPI "that I felt it was time for me to move on and that they ought to put their own team in as quickly as possible."

At EastNet, Van Bennekom will be senior vice president and managing editor.

EastNet president Milton Benjamin said the agency will provide financial and business coverage of the former Soviet Union, China and eastern and central Europe for media and corporate clients in Europe, the United States and the Far East.

At a bankruptcy court auction last May 12, EastNet offered $30,000 for various UPI leases in Eastern Europe and Asia.

Benjamin said EastNet opened a full-time bureau in Ukraine July 13 and would soon open bureaux in Moscow, St. Petersburg, Prague, Warsaw, Budapest and Beijing.

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