Geddes, former NYTimes biz editor, to leave paper

John Geddes, the former New York Times business editor who rose to become managing editor of the paper, is leaving the news organization, reports Christine Haughney of The Times.

Haughney writes, “In his note, Mr. Geddes reflected on the many things he would miss about The Times, where he has worked for nearly two decades.

“‘After serving four executive editors, it is time for new horizons,’ said Mr. Geddes in his announcement. He said would ‘ache for the vibrations that the newsroom gives off when a crisis erupts and we scramble’ and would miss ‘hearing about a great story (or new ways to tell one).’

“Mr. Geddes joined The Times in 1994 as its business editor and worked his way up the company’s editorial ranks. Before joining The Times, he had spent 13 years at The Wall Street Journal working in both New York and in Europe.

“His departure comes as the paper undertakes a broader restructuring in the newsroom. Like many newspapers facing a troubled advertising market, The Times is trying to cut expenses; in December the paper offered buyout packages to non-guild staff members. It sought 30 volunteers, and said it would resort to layoffs if not enough employees opted for the buyout.”

Read more here.