Peter Goldstone is being let go at b-to-b publisher Hanley Wood, a little more than a year after he got the president gig, Folio: reports.

His position was eliminated when the board of directors restructured its senior management team “consistent with our business strategy of streamlining our operations into one integrated media organization,” Hanley Wood CEO Frank Anton told Folio.

Goldstone was promoted from president of the company’s business media unit in July 2009.