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Reader's Digest UK boss to leave

Spratling leaves post after seeing through private equity buyout.

Chris Spratling, chief executive of Reader's Digest (RD) UK, is to leave the company, three months after leading a management buyout that hauled it out of administration.

Spratling, who owns a stake in the company, played a key role in clinching a £13m deal with private equity firm Better Capital, which bought the business in April with a commitment to expand its operations and ensure there is no loss of jobs.

The 72-year-old RD UK had been put into administration in February by its US parent, the Reader's Digest Association, after it failed to agree with Britain's Pensions Regulator over fixing its pension-deficits.

Spratling said he was proud to have successfully led the buyout, and that leaving the company was a difficult decision for him, but he was keen to take his career in a new direction.

Prior to joining RD UK in February 2008, Spratling was sales and marketing director at the magazine publisher Future.