Reader’s Digest CEO Titmuss exits
Reader’s Digest CEO David Titmuss has left the company after just ten months in the role.
Titmuss was appointed as CEO following a £13m buyout by venture capitalists Better Capital after the company went into administration last year.
Under Titmuss’ lead, the magazine embarked on a £3m marketing drive, including its biggest ever sampling campaign. The former CEO also championed digital extensions to its print products to increase its readership.
A spokeswoman for Reader’s Digest says: “We can confirm that David Titmuss has left Reader’s Digest to pursue other interests.”
She adds that the Reader’s Digest will appoint a successor in “due course”. Chairman Sean Cooper, COO Carrie Hutchinson and legal director Doug Nethery will lead the company in the interim.
The departure of Titmuss comes less than a year after Chris Spratling stepped down as CEO in July 2010.
