Publishing Technology plc (LSE: PTO), a leading provider of content solutions for publishers, has announced as part of its Annual Report and Accounts issued today that George Lossius will step down as Chief Executive in the near future, remaining on the Board as a Non-Executive Director. The Board is in the process of agreeing the appointment of his replacement which will be announced in due course.
George Lossius commented: “I have enjoyed leading Publishing Technology through a period of development but I believe, and the Board supports my thinking on this, that it is the right time to transition the leadership of Publishing Technology from having a focus of product development, to one that focuses more on business development and implementation, and that it is right to do so under a new CEO. I look forward to supporting my successor as a Non-Executive Board Director in the years ahead.”
Martyn Rose, Chairman of Publishing Technology, stated: “I would like to thank George for his eight years of service to Publishing Technology, and previously Vista as Chief Executive. His leadership of the company, our investment in new products and new markets, will stand the business in good stead for the years to come.”