Publishing group Future today appointed a former Time Warner and Yahoo! executive to be its US president.

The owner of magazines such as Total Film, Fast Car and Classic Rock said John Marcom Jr would become president of its north American business, Future US, next month.

Future US accounts for 30% of the group's revenues and is expected to report a trading loss this year, the company said in a trading update published today.

Marcom has been working as chief operating officer of the San Francisco-based digital advertising services company AdGent 007. Before that he spent four years at Yahoo!, where he was senior vice-president of international operations.

Earlier in his career he worked as a journalist for 12 years, in London, New York and Tokyo.

He joined Time Warner as development director in 1993, rising to be president of Time Inc International.

The appointment came as Future gave an update on how its business was being affected by the downturn.

The US business has mainly been hit by disruption to the group's newsstand sales earlier this year and is expected to make a loss in the year ending on 30 September.

In contrast, the UK and international licensing business "has performed well and remains resilient in challenging conditions", Future said.

Overall the group's results would be "towards the lower end of market expectations", the group added.

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