Future PLC
06 June 2006
6 June 2006
Future plc
Greg Ingham announces decision to step down as Chief Executive
Future, the international special-interest media group, announces today that
Greg Ingham has decided to step down as Chief Executive and a director of the
Company with effect from today. He will be succeeded by Ms Stevie Spring from 3
July 2006 and will be working closely with her over the coming month to ensure a
smooth transition. Greg has agreed to remain available to the new Chief
Executive and the Board in an advisory capacity.
Roger Parry, Chairman of Future, said, 'It is of course difficult to announce
the departure of someone who has been so closely involved with the business over
the past 18 years, but we understand and respect Greg's decision to move on. I
am pleased that we have been able to manage an orderly succession.
'When Greg joined Future it had just five magazines, 40 employees and £3m
turnover. Today it has over 150 magazines, over 1,400 staff and over £200m of
sales. He leaves Future as a substantially bigger and stronger business, with
some tremendous market positions and opportunities. I know he will be greatly
missed by his colleagues and friends at Future, but we are pleased that he has
agreed to remain involved with the business and wish him well for the future.'
Commenting on his decision to step down, Greg Ingham said, 'I have been at
Future since 1988, first as publisher, then as MD, and have been chief exec
since 1998. That's a long stretch in one company. I wish now to do something
different in my business life and to broaden my experiences. I am sure this is
the right decision, both for me and the business.
'Future has been a huge, all-consuming part of my life. It'll be a wrench to
leave behind so many talented people and great friends. I wish them and the
whole company the very best of fortunes. I have great confidence in the business
and will remain a huge supporter from the sidelines.
'I would like to welcome Stevie as Future's new chief executive. She is a great
choice and I wish her every success for the future.'
Future has today also announced its Interim Results for the six months ended
31st March 2006.
Enquiries:
Future plc Tel: 0207 042 4000
Roger Parry, Chairman
John Bowman, Finance Director
Hogarth Partnership Tel: 020 7357 9477
James Longfield/Georgina Briscoe
This information is provided by RNS
The company news service from the London Stock Exchange
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