Publishing Technology PLC announced that Michael Cairns has been appointed Chief Executive Officer of the Group with effect from April 1, 2014. Michael has been Chief Operating Officer of the Group's online division since joining the company in May 2013 and, following a competitive search and selection process, the Board announced that he will now step up to the position of CEO. Prior to joining the company, Michael was a Managing Partner at Information Media Partners where he consulted on business strategies and digital transformation, an Executive at MyWire Inc. As this is an internal appointment, George Lossius, the outgoing CEO, and the Board have concluded that there is less need for George to provide long term continuity by remaining as a Non Executive Director of the Company and he will therefore step down as a Director on March 31, 2014.