Private Frazer’s Doomed Magazines

November 11, 2009

Whisky? Check. Loaded revolver? Check.

Filed under: rbi — privatefraser @ 10:37 am
Tags: ,

Just when you thought that RBI were getting dull again, up pops this from Press Gazette:

Ian Smith, the chief executive of business publisher Reed Elsevier, has resigned with immediate effect after little more than eight months in the post.

Reed Elsevier announced that Smith resigned “with mutual agreement” and has stepped down today from the company’s board.

Elsevier chief executive Erik Engstrom has been appointed as his replacement.

A company spokesman told Reuters that Smith had been the wrong man for the current economic climate.  “Ian and the board decided it wasn’t the right role for him in the current economic circumstances… There is no disagreement on strategy.” [my emphasis]

I love it when everyone agrees about everything, don’t you?


1 Comment »

  1. They got rid of the CTO Mark Popolano too, after outsourcing most things to HCL (apparently)…

    Comment by TheOpsMgr — January 26, 2010 @ 6:13 pm | Reply

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