Alan Lammin, publishing director for Time Asia, will leave the company after four years, taking early retirement as of 31 March next year.
Lammin was appointed publishing director for Time Asia in March 2005 after having worked with Business Week for some 20 years. He said that while he had enjoyed his stint with the company, he was happy to be taking early retirement.
"This is a great company and I'm very happy to have worked for them," he said.
A replacement will be announced soon and Lammin said he will stay on to facilitate a handover.
Speaking about the tough economic conditions heading into 2009, Lammin admitted it would be a tough year.
"Next year is going to be a challenge for all of us in the industry," he said. "I think this is the first [crisis] that is across the board."
His news follows a major overhaul of The Economist Group which saw the merging of The Economist and the Economist Intelligence Unit into four sub-regions - China and Taiwan; Hong Kong, Korea, South East Asia and Pacific; India and Japan.
Tim Pinnegar, managing director for The Economist Group will oversee the four sub-regions.
In late November Time moved all editorial responsibilities for its South Pacific editions to Hong Kong. Ten editorial staff in Australia were made redundant as a result.
Time Inc however said it remained committed to the international marketplace, both in its print editions and on Time.com which it said was becoming an “increasingly important part of our international offering, and which we expect to maintain its terrific recent growth.”
Late last month Hong Kong’s top commercial broadcaster TVB 212 jobs would go as part of a cost cutting exercise.