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Chris Spratling, chief executive of Reader's Digest UK, is to leave the company three months after leading a management buyout from administration. Spratling, who holds a stake in the business, was a key figure in securing a £13m deal with private equity firm Better Capital in April to save the UK operation of the 72-year old title.
The Guardian reports that Spratling is planning to take time off before seeking a new role in the media industry and said that he was keen to take his career in a "different direction". "My decision to step down from my role has been a hugely difficult one but ultimately I am keen to take my career in a different direction," he said