The Quarto Group, Inc.
("the Group", "Quarto", "Company")
CEO resignation
The Quarto Group, Inc (LSE: QRT) the leading international illustrated book publisher, announces the resignation of Polly Powell, its Group Chief Executive Officer and director of the Company. In the meantime, until a replacement is found, CK Lau will act as interim Group Chief Executive Officer.
After two years at Quarto, Polly Powell has decided to step down from her role as Group CEO, to build on the continuing success of her own company, Pavilion Books. Polly said "I came to Quarto to make a difference, and I think I have achieved that, so my job is done. Quarto is a fabulous company with outstanding people and it is now firing on all cylinders. The publishing programme is super-strong and the numbers are looking good."
Andy Cumming, the Chairman of Quarto Board said "We greatly appreciate the positive impact Polly has made on Quarto over the last two years and we will miss her. We will be appointing a new Group CEO in due course and in the meantime CK Lau will return to the role on an interim basis."
Pavilion and Batsford Books will continue to be sold and distributed by Quarto Publishing in the UK and US markets.
The Legal Identifier of the Company is 549300BJ2WPX3QUATW58.
For further information, please contact:
| The Quarto Group, Inc. | |
| Michael Clarke, Company Secretary | +44 (0)20 7700 6700 |
About The Quarto Group
The Quarto Group (LSE: QRT) creates a wide variety of books and intellectual property products, with a mission to inspire life's experiences. Produced in many formats for adults, children and the whole family, our products are visually appealing, information rich and stimulating.
The Group encompasses a diverse portfolio of imprints and businesses that are creatively independent and expert in developing long-lasting content across specific niches of interest.
Quarto sells and distributes its products globally in over 50 countries and 40 languages, through a variety of sales channels, partnerships and routes to market.
Quarto employs c.300 talented people in the US and the UK. The group was founded in London in 1976. It is domiciled in the US and listed on the London Stock Exchange.
For more information, visit quarto.com or follow us on Twitter at @TheQuartoGroup.
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