Future US president Jonathan Simpson-Bint is to step down on August 31st.
According to Folio Simpson-Bint sent an email to staff that said he was leaving the company to start his own business.
Simpson-Bint wrote: I'm leaving now simply because the time is right for me. I've never made any secret of my desire to start my own business and — like a lot of people — I believe that the current economic climate is actually a great time to start a business.”
It is understood that Future is actively searching for a replacement. In the interim, an executive team led by CFO John Sutton will manage the company's day-to-day operations.
Simpson-Bint joined Future in 1991 and helped launch Playstation Magazine, IGN.com and DailyRadar.com.
He also oversaw the acquisition of Guitar World and sibling publications Bass, Acoustic and Legends from Harris Publications.