The non-executive Folio Holdings Board is to assume responsibility for the role the late Lord Gavron played as Chairman of The Folio Society, it has been confirmed.
Gavron died this weekend at the age of 84.
The arrangement with the board had been planned by Gavron "to ensure stability and continuity in the business in the event of his death," the publisher said in a statement. "In every other respect, the operation and management of the business continues as before," The Folio Society said.
Gavron's wife Kate Gavron, also chairman of Carcanet Press, sits on the Folio Holdings Board; so also does Charles Corman, a business and legal advisor to Lord Gavron for over 50 years, Brian Edwards, a former chief executive of St Ives, and Sue Bradbury, a former editorial director, deputy m.d. and editor-in-chief at The Folio Society.
Toby Hartwell, formerly m.d. of the company, left last August; Robert Preece is deputy chairman, running the company alongside the Folio Holdings Board.