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