Shelf Awarenes
Quercus CEO Mark Smith will leave the company following its sale to Hodder & Stoughton, the Bookseller reported, adding that Hodder said yesterday "all the conditions of its offer to buy Quercus have been met." The proposed acquisition was announced in March, with Quercus becoming a separate division of Hachette UK under the management of Jamie Hodder-Williams. Smith has "agreed to remain a consultant to help with the transition."
Hodder-Williams commented: "I have long admired the exceptional authors at Quercus and its imprints, and the talented team who have created many bestsellers and prize-winners in a relatively short time, and I know my colleagues share my excitement at the potential within the business. Hachette has great resources that can support the creativity and energy within Quercus, and I am greatly looking forward to working with them to help their authors to reach more readers all over the world."
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