Texture CEO Quits Following Acquisition by Apple
John Loughlin, the CEO of popular magazine subscription service Texture, has left the company following its recent acquisition by Apple. According to The Hollywood Reporter, the executive, who helped grow Texture and also engineered the company’s sale to Apple, is now planning to lead a mid-phase startup after a brief transition period.
Loughlin, a former Hearst and Meredith executive, wants to lead a mid-phase startup and said he’s already been approached about “a couple of interesting opportunities.” He plans to take a short break before diving into his next project.
“Texture was a great learning experience and was a win-win for the owners, employees and Apple,” he said. “I’d like to see if I can make that happen again.”
Loughlin, who had already informed potential buyers of his intention to leave the company following a sale, had been serving as Texture’s CEO since 2015. “Apple is an amazing company, but big, and I’m at the point in my life where working with smaller, faster, growing companies brings more satisfaction, risk — and excitement,” Loughlin told the news outlet.
Apple last month unveiled its plans to buy Texture, which was jointly owned by Condé Nast, Hearst, Meredith, Rogers Media and KKR.