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Future Publishing CEO resigns

Future has been dealt a blow this morning as both CEO Stevie Spring, CEO and John Bowman, the company’s Finance Director, have both resigned with immediate effect.

“The recent restructuring which positions the company for its digital future has allowed the Board this opportunity to achieve substantial savings by eliminating an entire tier of corporate overhead,” a statement from chairman Peter Allen said.

Another statement, issued by the board says, “The Board has appointed Mark Wood, the head of Future UK, and Graham Harding, the UK’s Finance Director, to replace them.”

“The Board would like to thank Stevie and John for their considerable contribution in leading Future through a period of unprecedented change,” said Peter Allen, Future’s recently appointed Chairman.”

Future of course are the publishers of many of the UK’s most popular gaming magazines, such as Edge, Official PlayStation and Xbox magazine and also PSM3.

Thanks, SPOnG/MCV.

Edited On 27 Oct, 2011

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