The share price of media giant Future plc climbed in early trading today after it revealed the identity of its next CEO.
The Bath firm saw its share price plunge when the planned departure of Jon Steinberg was announced last year.
Now Future, which owns brands including TechRadar, has opted to promote Kevin Li Ying to the top job from 31st March 2025.
He joined Future more than 20 years ago and, according to the company, has been a key contributor to its successful transformation from a traditional print publisher into a leading global digital media platform. He is currently EVP of B2C, the group’s largest division, and previously spent eight years as its CTO.
Future’s share price dropped below 800p when Steinberg announced his planned departure in October, but it has since recovered.
Following early gains in the first hour of trading this morning, it currently stands at around 936p (9am) – giving it a market capitalisation of just over £1bn.
Li Ying is a non-executive director of W.A.G payment solutions plc, a FTSE 250 technology company, a position he has held since March 2024.
“It is a great honour and a true privilege to have been asked to lead Future, a company that I love and I am proud to have helped to transform over the last 20 years,” he said.
“I look forward to continuing to execute on the strategy, and am excited about our growth opportunities, building on our track record of innovation and producing excellent content and products to attract valuable audiences through a platform-agnostic approach.
“I also want to thank Jon for his leadership and counsel during his time with the group.”
Richard Huntingford, chair, said: “Kevin is a strong visionary leader with an unmatched knowledge of the group, from its tech stack to its revenue streams.”