Future’s CEO Mark Wood is to step down from his current role to become a non-executive director for the publishing group, and will be replaced by the company’s group chief financial officer Zillah Byng-Maddick.
The changes will take effect from 1 April, with Byng-Maddick set to be replaced by interim chief financial officer, Simon Poulton, who will not join the board.
Peter Allen, chairman of Future, commented: "The Board would like to offer its sincere thanks to Mark for setting the pace of Future's digital transformation. The digital growth which Mark has overseen is unprecedented in our sector, and his focus on driving change across the business continues to deliver efficiencies and opportunities. I am grateful that we will retain his services as a non-executive director.
"Zillah has a proven track record in delivering successful digital transition. And she is the perfect candidate to accelerate the business through its next phase, with a clear focus on right-sizing the organisation and improving margins for the long term."
Byng-Maddick added: "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."
Meanwhile, non-executive director Seb Bishop will retire from the company at the same time after almost seven years.