By Joe Hoppe
Future PLC said Tuesday that it has noted press speculation and a fall in share price, and said that Chief Executive officer Zillah Byng-Thorne has informally indicated she would like to step down by the end of 2023.
Shares at 0942 GMT were down 251.0 pence, or 15%, at 1,406.0 pence, having fallen as low as 1,370.0 pence earlier in the session.
The U.K. digital-media group said that Ms. Byng-Thorne has indicated an intention to step down next year after nine years at the company, though she remains committed and hasn’t resigned, in response to a Sky News article published on Monday.
Write to Joe Hoppe at joseph.hoppe@wsj.com
