Kevin Delaney, the editor in chief of Quartz, will step down at the end of October, leading to questions of stability for the online news publication.
Delaney’s transition out of the company is one of several other changes in leadership throughout the publication. Delaney cofounded Quartz with Zach Seward in 2012. Seward will become the chief executive officer.
The role of editor in chief is currently open and Quartz is actively looking for a person to fill the role.
“I am particularly excited for the next chapter and to work with Zach and Katie to aggressively build on this momentum, to the benefit of readers, partners and members.” Said Yusuke Umeda, co-chief executive of Quartz’s parent company, Uzabase.
Uzabase bought Quartz from Atlantic Media for a price between $75 million and $110 million. Uzabase is a Japanese financial intelligence company. Quartz has been trying to be financially sustainable by relying on a model that pivots away from their prior reliance on online ads. Instead they are trying to grow their subscriber base and rely on that revenue stream instead. Currently Quartz offers yearly subscriptions for $99 a year.
“I’m really proud of how Quartz has helped to fundamentally redefine the media industry’s approach to journalism, product, and advertising — and connected with tens of millions of readers around the world along the way,” Delaney said in a statement.