19th Mar 2014 08:00
LONDON (Alliance News) - Publishing Technology PLC said Wednesday that Michael Cairns has been appointed Chief Executive of the Group with effect from April 1, 2014.
Cairns has been serving as Chief Operating Officer of the firm's online division since joining the Company in May 2013.
In a statement, the company said, "In the 10 months since joining the Company, Michael has created a strategy and restructured the online division to focus on business development and operational efficiency with significant steps having been made towards the divisional goals. He will now be able to carry that momentum across the rest of the Group."
Prior to joining Publishing Technology, Cairns was a Managing Partner at Information Media Partners.
He takes over from outgoing CEO George Lossius, who will remain a non-executive Director, after stepping down as a Director March 31, 2014.
Currently based in New Jersey, the new CEO will divide his time equally between the US and the UK for the foreseeable future, said the firm.
Shares in Publishing Technology last traded at 300 pence per share.
By Alice Attwood; [email protected]; @AliceAtAlliance
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