18 October 2024
Future plc
Directorate
Change
Future plc (LSE: FUTR; "Future" or
"the Group"), the global platform for specialist media, announces
that Jon Steinberg, Chief Executive Officer, has informed the Board
of his decision to step down from the Board later next year to
relocate back to the US with his family. Jon's notice period is
twelve months and the Board will now launch a search for his
successor.
Richard Huntingford, Chair, said: "I would like to thank Jon for the significant contribution he
has made to the Group. Whilst we are disappointed that he will be
departing next year, we respect Jon's decision to return to the US.
The Growth Acceleration Strategy he has implemented is well
underway and, as highlighted by the pre-close update announced in
September, continues to drive good strategic and financial
progress. We will continue to work closely with Jon over the course
of his notice period as we look to appoint his
successor."
Jon
Steinberg, Chief Executive Officer, said:
"Future is a wonderful business driven forward by
incredibly talented people who I love working with and it was a
tough personal decision to step down from the Board next year. It
is a great privilege to lead the Group and until I hand over to my
successor, I remain focused on the delivery of our strategy which
leverages Future's inherent strengths, strong financial
characteristics and unique proposition."
As previously announced, Future will
release its full-year results on 5 December 2024.
Enquiries
Future plc
Richard Huntingford, Chair
Marion Le Bot, Head of Investor
Relations
+44(0)7775 641509
Media
Headland
+44 (0) 20 3805 4822
Stephen Malthouse, Rob Walker,
Charlie Twigg
future@headlandconsultancy.com
Legal Entity Identifier (LEI):
213800K2581YRLEXV353
About Future
We are the platform for creating and
distributing trusted, specialist content, to build engaged and
valuable global communities. We operate c.230 brands in diversified
content verticals, with multiple market leading positions and three
core monetisation frameworks: advertising, eCommerce affiliate and
direct consumer monetisation (subscriptions and newstrade magazine
sale). Our content is published and distributed through a range of
formats including websites, email newsletters, videos, magazines
and live events. The successful execution of our strategy is
focused on three pillars: grow engaged audience, diversify and grow
revenue per user and optimise the portfolio.