Bloomsbury is splitting the joint role of chairman and chief executive, reports Booktrade.info. Jeremy Wilson, a Non-Executive Director of Bloomsbury since November 2005 and current Vice Chairman, Business Banking at Barclays Bank PLC, will take over as non-executive chairman from the end of September. Nigel Newton says he wishes to separate the roles in accordance with corporate governance best practice.
“For some time I have been considering separating the roles of Chairman and Chief Executive,” Newton said in a statement. “I see this as useful in achieving Bloomsbury’s ambitions in the years ahead, allowing me to concentrate on the development and execution of Bloomsbury’s strategy during a period when we foresee significant change in the publishing industry; I am very pleased that Jeremy Wilson has accepted the Board’s invitation to become Non-Executive Chairman. He brings with him valuable experience in business and finance within a FTSE 100 company; his skills and background make him well suited to become Non-Executive Chairman of Bloomsbury. I know that I can work closely with him which is crucial.”