David Graham stepped down as managing director of Granta Publications and Portobello Books, Bookseller reports. Graham joined the company in 2006, leaving Canongate Books in a move the Scotsman called "a major blow to Canongate."

This is the second shake-up at the literary organization in less than a month. On May 28 of this year, former editor Alex Clark resigned, and American editor John Freeman was appointed acting editor. This week Granta, the NY Observer, and Afterword all published interviews with the new editor.

Here's more from the article: "In a short statement, the company said that queries previously directed to Graham should now be directed to Granta's owner and publisher Sigrid Rausing. There was no further comment."