Edinburgh University Press results and CEO Timothy Wright to retire
14 September 2020
Edinburgh University Press has
reported sales of £3.68 million for the period ending 31 July 2020
- a 2% increase on last year. Whilst print sales were significantly
impacted by the Covid lockdown, ebook sales grew by 17% and journal
revenues by 9%.
Overall, the business made an operational loss of £22k -
significantly better than the Covid forecast - with cash reserves
at similar levels to last year.
The Press is also announcing that its CEO Timothy
Wright intends to retire in July 2021 after 40 years in
the publishing industry including 24 years at EUP. In making the
announcement Chair of the EUP Board, Margaret Hewinson, said: 'I
knew upon my appointment in 2019 that Timothy intended to retire
and am grateful that he is staying until the end of this financial
year and well into 2021. All the more so because of the exceptional
way he has led and continues to lead the Press during the pandemic.
We will have an opportunity nearer his departure date to thank him
for all he has done to build the Press's reputation and financial
strength during his time.'
Timothy Wright commented: 'I am very pleased that we have ended
the year in a much better place than we might have envisaged back
in March. I have had a wonderful career at the Press, and in the
publishing industry more generally, but 2021 is the right time to
hand over the reins although I hope to stay involved in academic
publishing in a part-time capacity. However my immediate priority
is to remain focused on working with my excellent board, management
team & colleagues at the Press to navigate the numerous impacts
of Covid-19 and ensure that EUP remains a strong partner for
academics, libraries and the wider scholarly community.'