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Investing.com -- Future PLC (LON:FUTR), a UK-based magazine publisher, announced that Kevin Li Ying will become the company’s new chief executive officer, effective March 31.
Li Ying, who joined Future PLC over two decades ago, presently holds the position of executive vice president in the business-to-consumer segment.
The present CEO, Jon Steinberg, will resign from the board on March 30.
Steinberg had announced his intention to step down due to personal reasons back in October.
Following his departure from the board, Steinberg will continue to serve as a senior advisor until June 30 to assist with the leadership transition.
On the day of the announcement, Future PLC’s shares saw an increase of 4.8%.
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