Appointment of Chairman

RNS Number : 8050L

Future PLC

05 August 2011

 



5 August 2011

Future plc

Appointment of Chairman

Future, the special-interest media group, announced in May Roger Parry's intention to stand down as Chairman.  The Nomination Committee of the Board has now completed its search process, and the Board announces that it has today appointed Peter Allen as successor Chairman.

Mr Allen, ACA, is currently Chairman of Proximagen Neuroscience plc, Chroma Therapeutics Limited and ProStrakan plc and a Non-Executive Director of Oxford Nanopore Technologies Limited and TMO Renewables Limited.  Recently, Mr Allen has also been Acting CEO of ProStrakan Group plc until its sale earlier in 2011 and Chief Financial Officer of the electronics company Abacus Group plc from 2005 until the company was sold to Avnet Inc in January 2009.  Prior to this he was Chief Financial Officer of Celltech  Group plc between 1992 and 2004.  In addition to managing Celltech 's flotation process in 1993, Mr Allen played a key role in several strategic acquisitions, including Chiroscience Group plc, Medeva plc and Oxford Glycosciences plc.  In 2003 he was also appointed Deputy Chief Executive Officer of Celltech  until the company was sold in 2004.

Stevie Spring, Future's Chief Executive, commented:

"On behalf of the Board I would like to thank Roger Parry for more than a decade of service to Future. Personally, I have enjoyed working with him and thank him for his guidance and support."

"We are delighted to have attracted as his successor such an experienced Chairman as Peter Allen.  He has an excellent track record as both director and chairman of public companies." 

Peter Allen, Future's new Chairman commented:   

"Future's strategy has positioned it well for exciting growth in digital content and I look forward to accelerating its success."

Mr Parry will, as planned, step down from the Board at the end of the financial year. 

There are no additional details relating to the appointment of Peter Allen requiring disclosure under the Listing Rules.

Enquiries:

Future plc

Stevie Spring, Chief Executive                 Tel: [phone]

Financial Dynamics:
Charles Palmer                                      Tel: [phone]

About Future:
Future plc is an international special-interest media group, listed on the London Stock Exchange (symbol FUTR).  Founded in 1985 with one magazine, today we have operations in the UK, US and Australia creating 200 special-interest publications, apps, websites and events.  We hold market-leading positions in games, film, music, technology, cycling, automotive and crafts.  Our biggest-selling magazines include T3, Total Film, Classic Rock, Guitar World and Official Xbox Magazine.  Our websites include gamesradar.com, bikeradar.com, musicradar.com and techradar.com, the UK's no. 1 consumer technology website.  Future sells three million magazines each month; we attract more than 25 million unique visitors to our websites; and we deliver over 100 digital editions and bespoke apps on tablet. Future exports or syndicates publications to 90 countries, making us the UK's number one exporter and licensor of magazine content; and was named consumer digital publisher of the year.

 

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