Future CEO Mark Wood to step down April 1

Future CEO Mark Wood has announced that he will step down from the role on April 1, leaving the role clear for current CFO Zillah Byng-Maddick.

It follows Future's profit warning, which was issued March 17.

Wood's successor Byng-Maddick joined the group in November 2013. Future currently publishes Edge, CVG, OXM, OPM and a string of other gaming sites, as well as publications beyond the games industry.

In an official statement, Wood said, "Zillah has made a tremendous impact since she joined Future. She was brought in for her experience in both digital transformation and organisational structuring and has precisely the skills needed to lead the company through the next phase of its evolution."

Former CFO of Trader Media Byng-Maddick added, "Future is an excellent business going through fast transition thanks to Mark's leadership. We have considerable momentum and market-leading content that has high impact with a global audience. I look forward to leading the business through the next phase of its evolution."

In the last 24 months future has let go of some 300 staff, and while restructuring efforts continue, the firm's digital revenue saw a 33% increase through 2013. Wood concluded, "We have come a long way in the last three years but recent trading results underline that there is still much to be done. I will still be involved in the business and will give Zillah all the support I can. The change in role also allows me to follow up some interesting recent approaches."

We'll have more on Future's standing as it develops.