REG - Future PLC - Appointment of Chief Executive Officer

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30/01/2025 07:00

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RNS Number : 1936V  Future PLC  30 January 2025

30 January 2025

 

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 Kevin Li Ying as Chief Executive Officer

 

 

Future plc (LSE: FUTR; "Future" or "the Group"), the global platform for
specialist media, today announces the appointment of Kevin Li Ying as Chief
Executive Officer. The appointment, which follows a thorough search process,
will take effect from 31 March 2025 when Kevin will join the Board of Future.

 

Kevin joined Future over 20 years ago and has been a key contributor to the
successful transformation of the company from a traditional print publisher
into a leading global digital media platform of today. Kevin is currently EVP
of B2C, the Group's largest division. In this role he has had full
responsibility for all B2C brands, editorial and revenue generation consisting
of commercial advertising, ecommerce, subscriptions and newstrade revenue
whilst ensuring technology and data are central to the B2C offer.

 

Prior to this, Kevin was Chief Technology Officer, a position he held for 8
years. In this role, and his earlier role as Chief Technical Architect, Kevin
led the development of the Group's proprietary technology and infrastructure,
including the creation of its eCommerce technology.

 

Kevin is a non-executive director of W.A.G payment solutions plc, the FTSE 250
technology company, a position he has held since March 2024.

 

Current CEO Jon Steinberg will step down from the Board on 30 March 2025 and
will act as Senior Advisor until 30 June 2025 to ensure a smooth transition
with Kevin.

 

Richard Huntingford, Chair, said: "I am delighted to announce the appointment
of Kevin as CEO following a comprehensive search process. Kevin is a strong
visionary leader with an unmatched knowledge of the Group, from its tech stack
to its revenue streams. In his current role as EVP of B2C, the Group's largest
division, he has been successfully delivering on the execution of the Growth
Acceleration Strategy and is therefore perfectly placed to lead the next phase
of Future's growth.

I also want to thank Jon for his contribution to the Group during his tenure
and to wish him well for the future."

 

Kevin Li Ying, incoming Chief Executive, said: "It is a great honour and a
true privilege to have been asked to lead Future, a company that I love and I
am proud to have helped to transform over the last 20 years. I look forward to
continue to execute on the strategy, and am excited about our growth
opportunities, building on our track record of innovation and producing
excellent content and products to attract valuable audiences through a
platform-agnostic approach. I also want to thank Jon for his leadership and
counsel during his time with the Group."

 

 

The Group will release a trading statement on 5 February, ahead of its AGM.

 

There are no other details to be disclosed in accordance with paragraph 6.4.8R
of the Listing Rules. The person responsible for releasing this announcement
is David Bateson, Company Secretary.

 

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.200 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.

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