Mark Wood hands over to current Chief Financial Officer Zillah Byng-Maddick, who takes over as CEO on 1 April.
Mark says: “Zillah has made a tremendous impact since she joined Future. She was brought in for her experience in both digital transformation and organisational structuring and has precisely the skills needed to lead the company through the next phase of its evolution.”
Zillah says: “Future is an excellent business going through fast transition thanks to Mark’s leadership. We have considerable momentum and market-leading content that has high impact with a global audience. I look forward to leading the business through the next phase of its evolution.”
Zillah joined Future as CFO in November 2013. She was previously CFO and interim CEO at Trader Media, publisher of Auto Trader, prior to which she was CFO and latterly MD at Fitness First.
Mark was appointed Group CEO in 2011. During his time in charge the company emerged as a digital leader in the UK, says the company. It now draws 60 million unique users to its websites each month and has a 23% market share in audited digital magazines sold on tablets. The company’s overall digital revenues grew 33% last year. During his tenure, Future became unique in being named Digital Consumer Publisher of the Year by the AOP and the PPA, as well as Media Company of the Year at the British Media Awards.
Mark adds: “We have come a long way in the last three years but recent trading results underline that there is still much to be done. I will still be involved in the business and will give Zillah all the support I can. But the change in role also allows me to follow up some interesting recent approaches.”
