Mirchandani departs as Atlantic restructures

Mirchandani departs as Atlantic restructures

Atlantic Books is to restructure, receiving "substantial" funding from its shareholders and gaining former Orion c.e.o. Peter Roche as non-executive chairman.

John Sprinks, the finance director of Murdoch Books in London, will also become finance director of Atlantic Books.

However, editor-in-chief Ravi Mirchandani is leaving the publishing house after seven years. Three roles are also being made redundant, meaning key accounts manager Richard Baker, production assistant Robin Boothroyd and marketing manager Sarah Pocklington will also leave the company.

Toby Mundy, c.e.o. of the Independent Alliance member, said: "The previous two years have been tough ones for Atlantic Books and it is sad to say goodbye to some tremendous friends and colleagues. However, I very much welcome the show of support from our shareholders and the chairmanship of Peter Roche. Both will give the company much stronger foundations for future growth and enable us to further improve the way we publish our wonderful authors.

Mundy added: "Ravi has done outstanding work in the almost seven years he has been at Atlantic, and I am sorry we will not to be working together in the future. I’m immensely grateful to him for all he has done in his time here and will miss him. I wish him every success."

Mirchandani said: "These have been seven extraordinary years. It has been a great privilege to work at Atlantic and with a wonderfully talented team of colleagues and authors. With the company’s refinancing complete and a strong list for 2014, Atlantic's future looks bright. As for me, I am looking forward to new challenges."

Mirchandani's commissioning at Atlantic included Man Booker Prize winning The White Tiger by Aravind Adiga as well as Christos Tsiolkas' hit The Slap.