Parent company Archant announced on Wednesday that Peter was leaving the business after three years at the helm as part of a major editorial restructure that saw Nigel Pickover taking over in the EDP chair.
But the move has dismayed veteran former EDP journalist Chris Fisher, left, who stepped down as the paper’s political editor in March after 32 years in the role and 44 years on the title.
He said that Peter had stood up for the paper’s “traditional values” since taking over from Peter Franzen in 2009 and questioned whether anyone else at the company would do likewise.
Chris told HTFP: “Peter was a champion of traditional EDP values and I am wondering who is left to defend them.
“As someone who spent 40 years on the EDP I am full of sadness about all of this.”
One company insider has suggested that Peter had been under pressure to make further editorial cutbacks of around £700,000 out of a total budget of around £5m.
Archant has declined to comment on the claims.
Announcing the restructure on Wednesday, Archant Anglia managing director Johnny Hustler said: “It is sad that Peter Waters is leaving us and we are thankful for the important work that he has done.”
Peter was replaced by long-serving Ipswich Star editor Nigel, who became editor-in-chief of both the EDP and its stablemate the Norwich Evening News.