Future Plc Shares Drop After CEO Announces Departure

Future Plc’s shares dropped the most in 10 months after the British media company said Chief Executive Officer Jon Steinberg is planning to step down.

Steinberg, who joined in April last year, is leaving “to relocate back to the US with his family” and has a notice period of 12 months, according to a statement on Friday. The board will start a search for his successor, the company said.