Adi Ignatius Leaves Time

12-19_ignatius1.jpgTime managing editor Rick Stengel sent out a company-wide email yesterday to announce that deputy managing editor Adi Ignatius is leaving the company and “moving on to other challenges.”

Ignatius was previously responsible Time‘s international coverage before taking on the role of deputy managing editor. There is no mention in Stengel’s memo as to what Ignatius might be moving on to or whether this is part of the sweeping cutbacks that Time has undergone in the last few months. Full release after the jump.

After 13 years at TIME, deputy managing editor Adi Ignatius is moving on to other challenges. Adi has been a wonderful presence at TIME, not only because of his sharp story sense, his encyclopedic knowledge that spanned everything from international affairs to popular culture, but because of his decentness and good humor. I’m not the first managing editor to realize that Adi always had the quickest wit at the morning meeting.

Adi joined TIME in 1996 in Hong Kong after more than a decade at the Wall Street Journal. He soon became the editor of Time Asia, which won a number of awards under his stewardship. In 2002, he came back to New York as Executive Editor, overseeing business and international coverage. As a deputy managing editor since 2006, he presided over future projects, special issues, as well as budgets and personnel — all with a deft touch. He’s also written some signature TIME covers, including that of 2007 Person of the Year, Vladimir Putin — despite the fact that Adi was the one who seemed most disappointed when Putin cut short our dinner. Adi has been a good friend to so many of us, and we will toast him before he goes, both to celebrate his career at TIME and to wish him well in his new endeavors.