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Mirchandani Departs Atlantic In 'Major Restructuring'

Posted at 9:31AM Tuesday 14 Jan 2014

Atlantic Books Limited has announced a significant financial and organizational restructuring to provide the company with firm foundations for the future.

The key elements are:

— Peter Roche, the former CEO of the Orion Publishing Group, becomes non-executive chairman of Atlantic Books Limited.

— Atlantic Books receives substantial new funding from its shareholders

— Ravi Mirchandani, Atlantic's Editor-in-Chief since 2007, departs the company at the end of January 2014, by mutual agreement

—John Sprinks, the Finance Director of Murdoch Books in London also becomes Finance Director of Atlantic Books.

— The company completes a staff reorganization that sees three positions made redundant in sales, production and marketing.

PW

Press release




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