Quarto Group Inc CEO resignation (2360P)

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RNS Number : 2360P

Quarto Group Inc

24 May 2018

The Quarto Group, Inc.

CEO resignation

The Quarto Group, Inc. (LSE: QRT, "the Group", "Quarto"), the leading international illustrated book publisher, announces the resignation of Marcus Leaver, its Chief Executive Officer, with immediate effect.

In the meantime, CK Lau will act as interim Chief Executive Officer. CK Lau was appointed to the Board at last week's Annual Meeting.

Laurence Orbach, Executive Chairman said:

"I thank Marcus for his considerable achievements over the last five-and-a half years. He has raised Quarto's profile within the industry. The continued output of very high-quality books is a testament to Marcus's leadership and an impressive demonstration of the strengths of Quarto's talented employees.

"Quarto remains focused on producing great books for its readers during this period of managerial transition and we look forward to moving the business forward and build upon its strengths."

Marcus Leaver said:

"I would like to thank everyone at Quarto for their hard work and resilience during my tenure as CEO. In addition to our authors, illustrators and photographers, each and every person contributes to Quarto making great books and selling lots of them."

For further information, please contact:

 
Instinctif Partners 
Adrian Duffield/Chantal Woolcock      +44 20 7457 2077 
 
The Quarto Group, Inc. 
Laurence Orbach, Executive Chairman   +44 20 7700 8075

About The Quarto Group

The Quarto Group (LSE: QRT) creates a wide variety of books and intellectual property products for global distribution, with a mission to inspire life's experiences. Produced in many formats for adults, children and the whole family, our products are visually appealing, information rich and kinaesthetically stimulating.

The Group encompasses a diverse portfolio of imprints and businesses that are creatively independent and expert in developing long-lasting content across specific niches of interest.

Quarto sells its products globally in over 50 countries and 40 languages, through a variety of sales channels and partnerships, and five main routes to market - US, UK, International English language, Foreign language and other Partnerships.

Quarto employs c. 400 talented people in the US, UK and Hong Kong. The Group was founded in London in 1976. It is domiciled in the US and listed on the London Stock Exchange.

For more information, visit quarto.com or follow us on Twitter at @TheQuartoGroup.

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