20 September 2022
Response to press speculation and share price movement
Future plc (LSE: FUTR, "Future", "the Group"), the global platform for specialist media, notes the recent press speculation and share price movement and is providing the following clarification.
Future made it clear in last year's annual report that CEO succession planning was an ongoing focus of the Board and Nomination Committee. Zillah Byng-Thorne, CEO, joined the business in November 2013 and is approaching 9 years at the Group. Zillah remains committed to the business, and has not resigned, however she has informally indicated that she would like to step down by the end of 2023.
Richard Huntingford, Chair
Marion Le Bot, Head of Investor Relations +44 (0)777 564 1509
Headland +44 (0)203 805 4822
Stephen Malthouse, Rob Walker, Charlie Twigg
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, 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 3 million delivered through more than 131 magazines, and 735 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.