Future’s share price falls following news of CEO departure

In brief

Future’s share price has fallen over 16% today, following news that Zillah Byng-Thorne, Future’s CEO since 2014, plans to step down from her role within the next 18 months.

The British media publisher owns websites and magazines such as Women’s Weekly, New Scientist, PC Gamer, FourFourTwo, and TechRadar, among others.

The company has begun a hunt for a successor. Last week, Future hired The Guardian‘s Claire Blunt as its new COO.

Future’s stock has declined by nearly 64% year-to-date amid a broader downturn in the economy.