<p>Adrian Sington, chairman of Virgin Books, has resigned to pursue other interests. The publisher also announced today that it will be making five redundancies as a result of a restructure.
Sington is leaving to establish media investment company Julius Leopold&Co with £30m under management. He said: "I have immensely enjoyed the last two years at Virgin Books. The book publishing industry is a wonderful, if challenging, place to be but an opportunity has presented itself elsewhere, which I am keen to pursue."
Meanwhile, Virgin's restructure of its sales and editorial departments has seen five people choosing the option of redundancy after a consultation period which ended today.
The new look sales department is being redeveloped to support sales director Ray Mudie. Sales executive Sarah Collett is joining from Random House on 20th April. Virgin will also be appointing a key account director and business development manager. Stephen Wright, previously sales director for Macmillan, will act as business development manager until an appointment is made.
The new editorial department is intended to support editorial director Natalie Jerome and will consist of a commissioning editor, desk editor and two junior editors.
Managing director KT Forster said: "The restructuring of our editorial and sales teams reflects changes in the publishing climate and have been made to support our excellent editorial and sales directors. We are sad that redundancies were unavoidable, but look now to the future and concentrate on producing high-quality innovative books that will make the bestseller lists through strong team effort. Virgin Books is a small publisher making a big impact, and we have great ambitions for our publishing programme this and next year."
Speaking about Sington's departure, Forster added: "We would like to thank Adrian for his contribution over the last two years. He has helped develop our ambitions, especially in the US."