Future appoints Marcom as US operations president

LONDON - Future, the special-interest media group, today moved to cap a difficult time for its US operation with the appointment of a new president of its North American business, John Marcom Jr.

Future PLC announced it had hired the AdGent007 chief operating officer in a trading update ahead of its full-year results, due for release on November 26.

Future said its UK operation, which accounts for approximately 70% of overall group revenue "performed well and remains resilient in challenging conditions" and predicts its full year Ebita will be broadly flat.

Future US said it expected to report a loss for the year due to revenue shortfalls caused by "the continuing impact of the unprecedented US newsstand disruption reported earlier in 2009".

In March, unveiling a trading update for the half-year ending 31 March, , which, though now resolved,  caused a reduction in pre-tax profit of up to $1.5m (£1m).

The former , who had been with the company for 18 years, announced he was stepping down in June to start his own business. He left his role at the end of August.

An interim executive team, headed by chief financial officer John Sutton, has been managing the company's day-to-day US operations.

Marcom is expected to take the reins of Future US in October and will be based in the company's San Francisco headquarters.

He has held previous roles at Yahoo!, the Financial Times, Time Inc magazines, and The Wall Street Journal.

Stevie Spring, Future's chief executive, said Marcom brings "a unique blend of international, commercial and creative expertise and combines really strong print and digital experience".

Market Reports

Get unprecedented new-business intelligence with access to ±±¾©Èü³µpk10’s new Market Reports.

Find out more

Enjoying ±±¾©Èü³µpk10’s content?

 Get unlimited access to ±±¾©Èü³µpk10’s premium content for your whole company with a corporate licence.

Upgrade access

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an alert now

Partner content