Business
M&C Saatchi - Board Changes
M&C Saatchi - Board Changes.
About this update from M&c Saatchi Plc
[{"type":"text","content":"\n\n24 July 2023\nM&C Saatchi plc\n(\"M&C Saatchi\" or the \"Company\")\nBoard Changes\nThe Board of M&C Saatchi announces that Moray MacLennan has informed the Company of his intention to retire from his role of Chief Executive Officer of the Company. The Company and Mr MacLennan have agreed that this change will take effect as of 30 September 2023.\nThe Board will initiate a comprehensive formal executive search process to identify a new Chief Executive Officer and will update the market as and when appropriate.\nUntil such time as a new Chief Executive Officer joins the Company, which is expected to be within the next 12 months, Zillah Byng-Thorne, currently Non-Executive Chair, will act as Executive Chair of the Company from 1 September 2023.\nCommenting on the announcement, Zillah Byng-Thorne, Chair, said:\n\"On behalf of the Board I would like to thank Moray for his contribution to M&C Saatchi, from the founding of the Company in 1995 through to his current role as Chief Executive Officer. His leadership has seen the Company not just stabilise but deliver record profits and establish strong foundations for future growth.\"\nMoray MacLennan, Chief Executive Officer, said:\n\"It has been a rare privilege to work for three decades with people I respect and like, creating work that has had an extraordinary impact on the world. M&C Saatchi is well set for the future and now is the right time to make way for fresh energy and ideas. Thanks to all past and present, and to those in the future who I know will keep the M&C Saatchi flame burning bright.\"\nThe information contained within this announcement is deemed by the Company to constitute inside information as stipulated under the Market Abuse Regulation (EU) No. 596/2014.\n\n\n\n\n\n\nFor further information please call:\nM&C Saatchi plc\n\n\n \n +44 (0)20-7543-4500\n\n\n\n\nMoray MacLennan, Chief Executive Officer\n\n\n\n\n\n\n\nNumis Securities\n\n\n+44 (0)20-7260-1000\n\n\n\n\nNick Westlake, Iqra Amin\n \n\n\n\n\n\n\n\nLiberum\n\n\n+44 (0)20-3100-2000\n\n\n\n\nMax Jones, Benjamin Cryer, Will King\n\n\n\n\n\n\n\nBrunswick\n\n\n+44 (0)207-404-5959\n\n\n\n\nAndrew Porter, Kate Pope\n\n\n\n\n\n\n\n\n\n\n\n\n\n \n\n","length":5481,"tagName":"div"}]