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Millionaire philanthropist Sigrid Rausing and her husband Eric Abraham, the owners of Granta and Portobello Books, are to take a more hands-on role at the enterprises they own. The news comes following the announcement earlier (10th June) that m.d. David Graham has resigned, and after Granta magazine's editor Alex Clark left a fortnight ago.
Rausing told The Bookseller: "We are not replacing David's role, so that is a kind of redundancy. [publisher] Philip Gwyn Jones and [finance director] Kate Gibb will take on expanded roles and Eric and I will become more involved." Rausing said that she will work with "content and covers", while Abraham will focus "on the business side".
She added that Granta magazine was not looking for another editor, now that John Freeman, previously Granta's American editor, had become its acting editor. "The thought is that he will become the editor," Rausing said. Freeman will now be based half of the time in London, and half in New York