Stephen Mayes, the then-CEO of VII Photo in August 2011:

James Nachtwey is no longer affiliated with VII and is currently managing his professional affairs through his own studio.

April 10, 2013:

It’s very tough to leave this great, talented team, but I feel the need to pursue new creative projects that will combine my experience and passion in many different parts of the photographic world,” says Mayes in a press statement. “It’s been a privilege to work with the world’s greatest photojournalists for the past five years, and what I’ve learned from them has been invaluable and is instilled in me for a lifetime.

The old agency way is phasing out.