REG - Future PLC - CFO Appointment

FutureAnnouncement

03/05/2024 07:00

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RNS Number : 0767N  Future PLC  03 May 2024

3 May 2024

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF

ARTICLE 7 OF THE UK VERSION OF REGULATION (EU) NO. 596/2014 ON MARKET

ABUSE ("UK MAR"), AS IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE
EUROPEAN UNION (WITHDRAWAL) ACT 2018

 

 

Future plc

Appointment of Sharjeel Suleman as Chief Financial Officer

The Board of Future plc ("Future" or "the Company"), the global platform for
specialist media, is pleased to announce the appointment of Sharjeel Suleman
to the Company's Board as Chief Financial Officer.

Sharjeel is currently Chief Financial Officer at ITV Studios, a role he has
held for the last five years. Before this, he held a variety of senior finance
roles at ITV plc including Director of Group Finance and Director of Investor
Relations. Sharjeel started his career at KPMG, where he qualified as a
chartered accountant.

Sharjeel will join the Company and the Board at a date that will be
communicated in due course. He replaces Penny Ladkin-Brand who, as previously
announced, will leave the Company and step down from the Board on 28 July
2024.

Deputy CFO Jean du Preez will lead the finance function during the interim
period.

Sharjeel will be paid in accordance with the Company's Directors' Remuneration
Policy. Details of Sharjeel's remuneration arrangements will be set out in the
Annual Report and Accounts for the year ended 30 September 2024.

Jon Steinberg, Future plc Chief Executive said: "We are delighted that
Sharjeel will be joining us. He brings fantastic industry experience from his
roles at ITV, in particular driving growth across international markets, and I
know he will be a strong addition to the Future team. I would also like to
thank Penny for her support since I joined last year, I wish her every success
for the future."

Richard Huntingford, Future plc Chair, said: "I'd like to welcome Sharjeel to
the Future plc Board where he will play a significant role in helping to
deliver our Growth Acceleration Strategy. I echo Jon's thanks to Penny for the
key role that she has played over the last nine years in building Future into
the leading digital media platform that it is today. She leaves with our very
best wishes for the future."

Sharjeel Suleman, incoming Chief Financial Officer said: "I'm very much
looking forward to joining Future. The media industry is one that I'm very
passionate about and the opportunity to work with Jon, and the wider executive
team at Future, as they embark on this next chapter is one that I'm very
excited about and look forward to being part of."

 

There are no other details to be disclosed in accordance with paragraph 9.6.13
of the Listing Rules.

The person responsible for releasing this announcement is David Bateson,
Company Secretary.

 

Enquiries

 

 Future plc
 Jon Steinberg, Chief Executive Officer                   +44 (0)1225 442244
 Penny Ladkin-Brand, Chief Financial Officer
 Marion Le Bot, Head of Investor Relations                +44(0)7775 641509

 Media
 Headland                                                 +44 (0) 20 3805 4822
 Stephen Malthouse, Charlie Twigg
 future@headlandconsultancy.com

 

Legal Entity Identifier (LEI): 213800K2581YRLEXV353

 

About Future

We are the platform for creating and distributing trusted, specialist content,
to build engaged and valuable global communities. We operate c.230 brands in
diversified content verticals, with multiple market leading positions and
three core monetisation frameworks: advertising, eCommerce affiliate and
direct consumer monetisation (subscriptions and newstrade magazine sale). Our
content is published and distributed through a range of formats including
websites, email newsletters, videos, magazines and live events. The successful
execution of our strategy is focused on three pillars: grow engaged audience,
diversify and grow revenue per user and optimise the portfolio.

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