6th Jun 2006 07:03
Future PLC06 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 thatGreg Ingham has decided to step down as Chief Executive and a director of theCompany with effect from today. He will be succeeded by Ms Stevie Spring from 3July 2006 and will be working closely with her over the coming month to ensure asmooth transition. Greg has agreed to remain available to the new ChiefExecutive and the Board in an advisory capacity. Roger Parry, Chairman of Future, said, "It is of course difficult to announcethe departure of someone who has been so closely involved with the business overthe past 18 years, but we understand and respect Greg's decision to move on. Iam pleased that we have been able to manage an orderly succession. "When Greg joined Future it had just five magazines, 40 employees and £3mturnover. Today it has over 150 magazines, over 1,400 staff and over £200m ofsales. He leaves Future as a substantially bigger and stronger business, withsome tremendous market positions and opportunities. I know he will be greatlymissed by his colleagues and friends at Future, but we are pleased that he hasagreed 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 atFuture since 1988, first as publisher, then as MD, and have been chief execsince 1998. That's a long stretch in one company. I wish now to do somethingdifferent in my business life and to broaden my experiences. I am sure this isthe right decision, both for me and the business. "Future has been a huge, all-consuming part of my life. It'll be a wrench toleave behind so many talented people and great friends. I wish them and thewhole company the very best of fortunes. I have great confidence in the businessand will remain a huge supporter from the sidelines. "I would like to welcome Stevie as Future's new chief executive. She is a greatchoice and I wish her every success for the future." Future has today also announced its Interim Results for the six months ended31st March 2006. Enquiries:Future plc Tel: 0207 042 4000Roger Parry, ChairmanJohn Bowman, Finance Director Hogarth Partnership Tel: 020 7357 9477James Longfield/Georgina Briscoe This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Future