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RNS Number : 6169S
Future PLC
04 October 2017
 

4 October 2017

 
 

Future plc

 

Chairman to step down

 

The Board of Future plc (LSE: FUTR, "the Group"), the global platform for specialist media, announces that Peter Allen will step down as Chairman of the Future Board at the next Annual General Meeting of the Company, expected to take place in February 2018, and will not put himself forward for re-election.

 

Peter Allen joined the Board in August 2011. A process, led by the Senior Independent Director, Manjit Wolstenholme, will take place to find his successor.

 

Peter Allen, Chairman said:

 

"I have been Chairman of Future for over six years. During that time the Company has had to confront a hugely challenging market place and has now come through as a significantly changed business, well positioned to offer value growth to shareholders.

 

"With the acquisitions over the last 18 months and the executive management leadership from Zillah and Penny, the Company is entering a new phase.

 

"I believe the time has come for a new Chair to take over, to ensure stability and continuity during this exciting next phase. I have every confidence that Future will prosper in the coming years."

 

 

Zillah Byng-Thorne, Chief Executive Officer said:

 

"On behalf of everyone at Future, I would like to thank Peter for the substantial contribution he has made toward the success of Future during the transformation of the business to a global platform for specialist media.

 

"His experience and guidance, along with his commitment to the success of Future, has been invaluable. He leaves the business well positioned to deliver further growth and shareholder value."

 

 

Enquiries:

 

Future plc


Zillah Byng-Thorne, Chief Executive Officer

01225 442244

Penny Ladkin-Brand, Chief Financial Officer

 

Instinctif Partners


Kay Larsen/Chris Birt

020 7457 2020

 

About Future:

The Media division focuses on being at the forefront of digital innovation with three complementary revenue streams: e-commerce, events and digital advertising. It operates in a number of sectors including the high growth technology and games markets and has a number of leading brands including TechRadar, PC Gamer, GamesRadar+, The Photography Show, Generate and Golden Joysticks.

The Magazine division is specialist and brand-led, with over 100 publications. The Magazine portfolio spans Technology, Games, Music, Film, Photography, Creative & Design, Field Sports and Science & Knowledge. Its market-leading titles include T3, Total Film, How It Works, Edge and All About History. The division also publishes over 440 bookazines per year with a total global circulation of 1.2 million.


This information is provided by RNS
The company news service from the London Stock Exchange
 
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