Quercus Publishing plc
LSE : QUPP

August 30, 2011 02:01 ET

RESTRUCTURES BOARD AND APPOINTS NEW FINANCE DIRECTOR

                                                                                             30 August 2011
                                                                                  GB00B1G17S00/GBP/PLUS-exn
                                          Quercus Publishing Plc
                                       ("Quercus" or the "Company")
                                                     
                       QUERCUS RESTRUCTURES BOARD AND APPOINTS NEW FINANCE DIRECTOR

Quercus  Publishing Plc, the award-winning independent publisher in the digital, trade, contract, paperback
and  children's  sectors, is delighted to announce that Paul Lenton will be joining the  Board  as  Finance
Director on 30 August 2011.

Paul Lenton is a Chartered Accountant who qualified with Price Waterhouse before entering the media sector,
where he has spent the last 15 years in a variety of senior finance positions.

Paul  Lenton  most  recently was part of a small team of senior executives tasked with establishing  a  new
London  operation  for  Creature London - a medium sized US advertising agency. Prior  to  this,  Paul  was
Finance  Director  for  EMEA at Corbis Images, the international supplier of digital  image  licensing  and
rights.  He  was  Divisional Finance Director at Chrysalis Book Group and Chrysalis TV Group,  as  well  as
holding  senior finance positions at Planet 24 Productions and Warner Village Cinemas. Paul  completed  his
MBA at the University of Warwick Business School in 2008 and became ACA accredited in 1987.

Mike  McGrath, Paul Lenton's predecessor, has assumed a wider role as Executive Director - Group Sales  and
will oversee all of Quercus' sales, marketing, rights, co-edition and publicity efforts worldwide.

David  North, previously Managing Director of Trade Publishing will now take leadership of all of  Quercus'
publishing  activities in his new role as Executive Director and Publisher. The role  brings  together  all
fiction, non-fiction and children's publishing, including the Company's four imprints; MacLehose Press,  Jo
Fletcher Books, Heron Books and Silver Oak the North American joint venture with Barnes & Noble/Sterling.

Wayne  Davies, previously Managing Director of Contract Publishing moves to become the Company's  Executive
Director  -  Digital and will further develop the Company's e-book publishing, marketing,  website,  social
media  and  online communities to take advantage of all the opportunities that are available in  this  fast
growing segment of the publishing sector.

On  the  Directors'  new  responsibilities, Mark Smith, Chief Executive  Officer  commented,  "With  Paul's
appointment  and  a  refocusing of our efforts onto the three key opportunities for  Quercus,  namely:  the
discovery, nurturing and delivery of world class intellectual property; digital product innovation and  the
development of online reading communities; and a global sales and marketing strategy, we feel that  we  now
have  in  place  the most effective management structure to enable Quercus to continue to  deliver  on  its
ambitions."

Commenting  on  Paul  Lenton's appointment, David Potter, Non-Executive Chairman of  Quercus  said  "Paul's
appointment  and  the  new  roles  for  the  Executive Board  Directors  represent  an  important  step  in
strengthening Quercus' top management team as we tackle the opportunities from broadening and deepening our
range of titles and their increasingly digital delivery"

The Directors of the Company are responsible for the contents of this announcement.

 Enquiries to:                                                                                            
 
 QUERCUS PUBLISHING PLC                                                                                   
 Mark Smith, Chief Executive                                                            Tel: 020 7291 7200
 ST HELENS CAPITAL PARTNERS LLP                                                                           
 Mark Anwyl or Duncan Vasey                                                             Tel: 020 7368 6959
                                                                                                          
 Media Enquiries:                                                                                         
 ATTILA CONSULTANTS                                                                     Tel: 020 7776 8825
 Charles Cook                                                                        Mobile:  07710 910563
 


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