NEW YORK — James Truman is ankling his position as editorial director of Conde Nast, the magazine publishing giant announced Wednesday. Thomas J. Wallace, editor-in-chief of Conde Nast Traveler, will replace him.

The British-born Truman will move to Spain, not to take a new position but simply to start “a new chapter in his life,” said Conde Nast chief communications officer Maurie Perl. In a statement, Truman said he felt “this was a good time for me to make a change.”

As editorial director, Truman oversaw the launch of shopping magazines Lucky, Cargo and the forthcoming Domino, and he supervised the design of the new Conde Nast headquarters at Four Times Square, among other accomplishments.

Truman told the New York Times in August that he would be editing a new Conde Nast magazine centered on visual art. Perl said the mag “remains in a development pool” at Conde Nast and that Truman will “not necessarily” be involved.

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Switch is the latest in a number of major exec shuffles at the company over the last couple of years. In January 2004, Steve Florio left his position as prexy-CEO to become vice chair of Conde Nast’s parent company, Advance Magazine Group. Longtime GQ editor Art Cooper retired in February 2003 and then passed away the following June. GQ publisher Ron Galotti was forced to resign in July 2003.