Editor-in-chief of The Economist resigns

Economist editor-in-chief Bill Emmott has resigned after a lengthy tenure in which he oversaw a dramatic surge in the news magazine’s circulation, a spokeswoman said on Monday.

Emmott worked at the Economist since 1980 and took over as editor-in-chief in 1993, when its circulation was just over 500,000. The magazine, 50-percent owned by UK publisher Pearson, now has a circulation of more than 1 million.

A spokeswoman said Emmott is leaving to write books and “look for new challenges.” A successor has not been named.

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Emmott is the third high-ranking Economist executive to leave in the past year, following the departures of deputy editor Clive Crook and publisher David Hanger in 2005.

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FOR SUBSCRIBERSTrump’s new AI chatbot often links to a site launched under Clinton 26 years ago

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FOR SUBSCRIBERSThis Paralympian has two goals: Win medals and give away $500,000 to her teammates

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FOR SUBSCRIBERSThe debate over AI’s future rages on both coasts

FOR SUBSCRIBERSDecades-old march dispute reignites in Northern Ireland, threatening political crisis

The Economist was started by a Scottish hat maker in 1843 to oppose British taxation of corn imports. About half of its circulation is in North America.

Pearson Chief Executive Marjorie Scardino is a former CEO of the Economist Group, but Pearson does not have a controlling stake in the company. The remaining 50 percent of shares are held by investors.