TIDMFUTR
RNS Number : 6320Q
Future PLC
22 February 2023
22 February 2023
THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES
OF
ARTICLE 7 OF THE UK VERSION OF REGULATION (EU) NO. 596/2014 ON
MARKET
ABUSE ("UK MAR"), AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE
OF THE EUROPEAN UNION (WITHDRAWAL) ACT 2018
Future plc
Appointment of Jon Steinberg as Chief Executive Officer
The Board of Future plc ("Future" or "the Group"), the global
platform for specialist media, is pleased to announce the
appointment of Jon Steinberg as Chief Executive Officer following a
thorough search process.
Jon, who will be joining the company on 3 April 2023, will
succeed Zillah Byng-Thorne, who announced her intention to stand
down last September. Zillah will step down from her current role
effective 31 March 2023 and thereafter will remain available to
support Jon over a two-month transition period to ensure a smooth
handover of responsibilities.
Jon is an experienced media executive, with a strong track
record of innovation, scaling media groups and creating value. Most
recently, Jon was the President of Altice USA's News &
Advertising Division, which encompasses News 12, i24NEWS, Cheddar
News, and Altice USA's a4 Advertising unit. Jon joined Altice
through the sale of Cheddar News, a digital-first innovative news
company, which he founded in 2016.
Prior to Cheddar, he was the Chief Executive Officer of
DailyMail.com North America, having joined from BuzzFeed where he
was President & Chief Operating Officer. Jon's early career
included working at Google, where he was a Strategic Partner
Development Manager, as well as the consultancy Booz Allen
Hamilton.
Jon is currently a Senior Advisor to The Raine Group, where he
advises media portfolio companies on strategy and go-to-market
execution, a role which he will step down from before he joins the
Group. He is also a non-executive director of The City, a New York
City non-profit focused on the coverage of local government.
Richard Huntingford, Chair, said: "I am delighted to announce
the appointment of Jon following a comprehensive search process.
Jon has highly valuable expertise and has developed a fantastic
track record, combining entrepreneurialism with leadership at some
of the very best digital and media organisations operating at
scale. He is a charismatic leader with a deep understanding and
passion for media, particularly how technology, creativity and
innovation can be harnessed to accelerate growth and build
significant value for stakeholders. As we look to further extend
Future's leadership, particularly in the US, Jon is a natural
fit.
"On behalf of the Board and all of Future I would like to thank
Zillah for the exceptional role she has played for almost a decade.
Through her leadership, Future has transformed beyond recognition,
from a loss-making magazine publisher into a leading digital media
platform of 250 brands reaching 1 in 3 adults online in the US and
UK, and delivering market-leading returns for our investors in the
process."
Jon Steinberg said: "I am delighted to be joining Future. It is
a business that I've followed closely and long admired for the way
it has redefined the media playbook, marrying the best of editorial
and technology. I look forward to working with the Board and the
leadership team to build on the success achieved under Zillah's
tenure."
Zillah Byng-Thorne, outgoing CEO, said: "Leading Future has been
a true privilege. It is a job and a company that I have loved,
working alongside incredibly talented teams focused on staying true
to the evolving needs and desires of the audiences we serve. I will
continue to be a firm supporter of the business and am confident
that Future, under Jon's leadership, will go from strength to
strength."
There are no other details to be disclosed in accordance with
paragraph 9.6.13 of the Listing Rules. The person responsible for
releasing this announcement is Anne Steele, Company Secretary.
Enquiries
Future plc +44 (0)1225 442244
Richard Huntingford, Chair
Zillah Byng-Thorne, Chief Executive Officer
Penny Ladkin-Brand, Chief Financial and
Strategy Officer
Marion Le Bot, Head of Investor Relations +44(0)7775 641509
Media
Headland +44 (0) 20 3805 4822
Stephen Malthouse, Rob Walker, Charlie future@headlandconsultancy.com
Twigg
About Future
Future is a global platform business for specialist media with
diversified revenue streams. Its content reaches 1 in 3 adults
online in the UK and US.
The Media division is high-growth with complementary revenue
streams including eCommerce for products and services, events, and
digital advertising (including advertising within newsletters and
video). It operates in a number of sectors including technology,
games & entertainment, music, home & gardens, sports, TV
& film, real life, knowledge, wealth & savings, women's
lifestyle and B2B. Its brands include TechRadar, PC Gamer, Tom's
Guide, Android Central, Truly, The Week, Kiplinger, GoCompare,
Digital Camera World, Homebuilding & Renovating Show,
GamesRadar+, The Photography Show, Top Ten Reviews, Marie Claire,
Live Science, Guitar World, MusicRadar, Space.com, Who What Wear,
What to Watch, Gardening Etc, Adventure and Tom's Hardware.
The Magazine division focuses on publishing specialist content,
with a combined global circulation of over 4.5 million delivered
through more than 106 magazines, and 743 bookazines published a
year. The portfolio spans technology, knowledge, games &
entertainment, sports, music, photography & design, homes &
garden, country lifestyle, TV & film and B2B. Its titles
include Country Life, Wallpaper*, Woman & Home, The Week,
Classic Rock, Decanter, Guitar Player, FourFourTwo, Homebuilding
& Renovating, Digital Camera, Guitarist, How It Works, Total
Film, What Hi-Fi? and Music Week.
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