Gordon finds the time for director's role at Future Network

The high-flying businesswoman who quit her job in November to spend more time with her children, has taken a part-time role at a magazine publisher.

Lisa Gordon was the youngest female director of a public company when she was appointed to the board at the media group Chrysalis. But the 36-year-old resigned from her £147,000-a-year post as director of corporate affairs three months ago saying she wanted to look after her three children, aged eight and under.

She was named as a non-executive director yesterday of Future Network, a publisher of computer and games magazines such as the Official Xbox Magazine. She is expected to be paid around £30,000.

Also appointed to the board as a non-executive was John Mellon, 62, a former chairman of IPC.

Future Network reported a turnaround in its business yesterday after a turbulent period during which it launched a £35m rescue rights issue, closed 40 magazines and halved its staff.

The company reported pre-tax profits of £10.7m for the year to December. This compared with losses of £121m in the previous year, struck after asset write downs of £120.6m.

Circulation revenue was up by 22 per cent, with advertising revenue up 7 per cent. Thirteen magazines were launched in the year.

Current trading is strong, though the group expects advertising revenue to be flat this year.