Saturday, March 2, 2024

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    Future plc CFO stepping down as company reports revenue declines and new two-year investment plan

    Future plc’s chief financial and strategy officer Penny Ladkin-Brand announced yesterday that she is stepping down from the company’s board next year, after eight years at the media company.

    Her announcement comes as the U.K.-based media company reported $993.3 million (or £788.9 million) of overall revenue in 2023, down 4% year over year, according to its full-year earnings announced on Thursday.

    As a result, CEO Jon Steinberg unveiled a new plan to get the company back on track, by investing about $31.5 million to $37.8 million (or £25 million to £30 million) into Future over the course of the next two years.

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