Booth joined Time Out in October 2010, the same month private equity firm Oakley Capital acquired a 50% stake in the business.
It is understood that Booth is about to be unveiled as the new chief marketing officer for The Hut Group, which owns retail sites for women’s fashion, health & beauty, entertainment and gifts market.
Time Out’s marketing activities are being handled by digital managing director David Pepper until Booth's successor is found. A Time Out spokesperson declined to comment further.
Prior to working at Time Out, Booth spent nearly 10 years working in various marketing roles at Getty Images. He started his career with print specialists St Ives in 1992.
Established in 2004, the Hut Group has been developing its range of retail sites since 2009, led by founder and chief executive Matthew Moulding.