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Stevie Spring joins Future.(Future Publishing)(Brief article)
Change of chief executive for publisher as it reveals serious decline in profits.
Future Publishing has appointed Stevie Spring, the former head of Clear Channel, as its new chief executive in the same week it announced a pounds 12.1 million loss.
Spring, who left her role as the chief executive of Clear Channel in January, replaces Greg Ingham, who has worked at Future for 18 years, eight of those as its chief executive.
Roger Parry, Future's chairman, said the publisher had appointed someone who it felt would raise the profile of its titles within the advertising community. He added that he hoped Spring's appointment would bring more advertising pounds into Future's stable of magazines. 'We're not getting our fair share of display advertising,' he said.
The management change coincides with poor interim results from Future this week.
The publisher reported its pre-tax profits have fallen from pounds 11.1 million in the six months to the end of March 2005 to a pre-tax loss of pounds 12.8 million. The major profit falls were due to ...
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