Appointment
April 24 2001 - 3:00AM
UK Regulatory
RNS Number:4933C
Future Network PLC
24 April 2001
24 April 2001
THE FUTURE NETWORK APPOINTS
NEW BOARD MEMBER
Patrick Taylor joins Future as Non-executive Director
The Future Network plc, (LSE:FNET), the international specialist magazine
publisher, today announces that it has appointed Patrick Taylor to the board
as Non-executive Director and Chairman of the Audit Committee, with immediate
effect.
Mr Taylor, 53, is Deputy Chief Executive and Finance Director of GWR Group
plc, the UK's largest commercial radio group ranked by licences and audiences.
He joined GWR as a non-executive director in 1994 and was appointed to his
current position in September 1996.
Before joining GWR Patrick was Group Finance Director of Capital Radio plc. A
qualified chartered accountant, Patrick began his career at Coopers & Lybrand
and became a partner with the practice in 1980, specialising in corporate
finance.
Commenting on his appointment Patrick Taylor says:
"Despite the experiences of the past year, Future remains an exciting
business. I am delighted to be joining its Board at this time. With over 20
years financial management experience, most of which has come within the media
sector, I look forward to helping the management team continue the re-building
process and getting Future back on track."
The Future Network's Chief Executive, Greg Ingham, said:
"We're really pleased to have the benefit of Patrick's wisdom and experience.
He will be particularly valuable in helping with Future's financial thinking.
His appointment completes a very strong team of non-execs: Roger Parry (Clear
Channel International's Chief Executive), Brendan Clouston (former Executive
Vice President of Tele-Communications Inc), Elizabeth Murdoch (former Sky
Networks' Managing Director and TV entrepreneur), and Michael Penington
(former Morgan Stanley Executive Director, who is currently Future's Interim
Finance Director)."
-Ends-
For more information:
The Future Network 01225 442244
Greg Ingham, Chief Executive
Terri Davey, Communications Manager
GWR Group 0118 928 4314
Patrick Taylor
Hogarth Partnership 0207 357 9477
James Longfield/Georgina Briscoe
About The Future Network Plc
Future was founded in the UK in 1985. Today it publishes over 100 magazines
worldwide and has extensive online activities attracting the attention of 7.3
million unique visitors per month. It is the leading publisher of video games
and home computing magazines in the UK, France, Italy and Poland and is ranked
as the fifth largest magazine publisher in the UK. The company also licenses
39 of its titles resulting in over 150 local editions in 30 other countries.
Future employs over 1,700 people in offices in Bath, London, Los Angeles, San
Francisco, New York, Paris, Milan, Munich and Wroclaw. The Company was floated
on the London Stock Exchange in June 1999.
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