NYT Report: “Macmillan C.E.O. John Sargent Is Departing”

From The NY Times:

John Sargent, Macmillan’s longtime chief executive, will leave the publishing company in January because of disagreements over its direction, according to an announcement from its parent company, Holtzbrinck, on Thursday.

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Macmillan’s president, Don Weisberg, an industry veteran, will step in as chief executive of Macmillan’s English-language trade publishers, which include Farrar, Straus & Giroux, Henry Holt and Flatiron Books, in 2021.

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The shake-up comes after months of turmoil at Macmillan. The company was drawn into a dispute with libraries over its decision to delay the release of new e-books for library lending, a move that was meant to stabilize e-book sales but ended up angering the library market and was lifted during the coronavirus pandemic.

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