Verghese quits executive role at Venture Asia

<p>HONG KONG: Vijay Verghese has resigned as chief executive officer </p><p>of Venture Asia Holdings and its subsidiary Asian Bridge Media (ABM), </p><p>which publish four travel titles in Asia. </p><p><BR><BR> </p><p>Verghese will also step down as editor and publisher of Holiday Asia, a </p><p>consumer travel magazine, which he launched in October 1997 under </p><p>ABM. </p><p><BR><BR> </p><p>However, Verghese will retain his stake in ABM, which has been </p><p>majority-owned by Venture Asia since June 2000. Following the </p><p>acquisition, Verghese relaunched Venture titles TravelAsia, Tourism Asia </p><p>and SilkWinds. He said the group's combination of trade and consumer </p><p>travel titles "were proving increasingly attractive with </p><p>advertisers". </p><p><BR><BR> </p><p>Venture Asia business development director Aravind Vasu said he would </p><p>double up as interim CEO while the company evaluated the structure going </p><p>forward. </p><p><BR><BR> </p>