(Alliance News) - Future PLC Chief Executive Officer Zillah Byng-Thorne intends to step down in 2023, Sky News reported on Monday.
CEO Zillah Byng-Thorne informed Future Chair Richard Huntingford that she plans to retire from her role at the Bath-based media company in the next 18 months.
Media industry insiders expect that Byng-Thorne will step down in the second half of 2023, Sky News reported.
A formal search process for a new CEO still needs to be initiated by Chair Huntingford.
Zillah Byng-Thorne has been chief executive of Future since April 2014. She was originally appointed as finance chief in 2013 when Future had a market capitalisation of just GBP30 million.
On Friday, Future shares closed 2.7% lower at 1,649.00 pence, giving it a market capitalisation of just under GBP2 billion.
https://news.sky.com/story/fourfourtwo-publisher-future-to-kick-off-hunt-for-ceo-successor-12699511
By Abby Amoakuh; abbyamoakuh@alliancenews.com
Copyright 2022 Alliance News Limited. All Rights Reserved.
Future (FUTR)