Publishing Technology PLC announced that after careful consideration, the Board announced that Michael Cairns has stepped down as CEO with immediate effect and will be replaced as acting CEO by the company's current Chief Technology Officer David Montgomery. The Board believes that David's technology skills, strong commercial focus and ability to execute fit perfectly with the Group's needs to drive sales, profits and shareholder value. Non-Executive Chairman Martyn Rose has assumed the role of Executive Chairman with immediate effect in order to support the business during this transition period.