By: E&P Staff Andrew Gowers, longtime editor of The Financial Times, resigned Thursday over "strategic differences," the newspaper's British owner, Pearson, said. It named Lionel Barber, editor of the newspaper's United States edition, to succeed him.
Several people at the newspaper told the International Herald Tribune that the decision probably stemmed from a build-up of Pearson's dissatisfaction with Gowers, 48, and a lack of confidence in the paper's editorial direction, and declining circulation in England, rather than a dispute over any one issue. Advertising and revenue have been on an even keel lately.
Fully paid circulation is about 400,000. The paper has enlarged its international presence in recent years.
"As editor, [Gowers]led the integration of print and online media, extended our international reach and steered the FT through the most difficult markets in its history," Marjorie Scardino, chief executive of Pearson, said in the company's statement.
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