Future appoints Kevin Li Ying as new CEO

(Sharecast News) - Media group Future said on Thursday that it has appointed Kevin Li Ying as its new chief executive officer with effect from 31 March, succeeding Jon Steinberg. Li Ying joined Future more than 20 years ago and has been a "key contributor to the successful transformation of the company from a traditional print publisher into a leading global digital media platform of today", it said.

He is currently EVP of B2C, which is the group's largest division. In this role he has had full responsibility for all B2C brands, editorial and revenue generation consisting of commercial advertising, ecommerce, subscriptions and newstrade revenue whilst ensuring technology and data are central to the B2C offer.

Prior to this, Li Ying was chief technology officer for eight years. In this role, and his earlier role as chief technical architect, he led the development of the group's proprietary technology and infrastructure, including the creation of its eCommerce technology.

Chair Richard Huntingford said: "Kevin is a strong visionary leader with an unmatched knowledge of the group, from its tech stack to its revenue streams. In his current role as EVP of B2C, the group's largest division, he has been successfully delivering on the execution of the Growth Acceleration Strategy and is therefore perfectly placed to lead the next phase of Future's growth."

At 0850 GMT, the shares were up 4.7% at 937.50p.