REG - Future PLC - Appointment of Jon Steinberg as CEO

FutureAnnouncement

22/02/2023 07:00

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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
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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 Twigg                 future@headlandconsultancy.com

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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