For best results when printing this announcement, please click on link below:
http://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20240516:nRSP7511Oa&default-theme=true
RNS Number : 7511O M&C Saatchi PLC 16 May 2024
16 May 2024
M&C SAATCHI PLC
(the "Company" or "M&C Saatchi")
Confirmation of Director Appointment
Further to the Company's announcement on 22 February 2024, M&C Saatchi is
pleased to announce that Zaid Al-Qassab has joined the Company as Chief
Executive Officer and following the Annual General Meeting today has been
appointed to the Board of the Company with immediate effect. Zillah
Byng-Thorne, who has been Executive Chair, will now return to her former role
as Non-executive Chair.
We have today provided an update on year-to-date trading under a separate
announcement.
Zaid Al-Qassab, Chief Executive Officer, said:
"I am proud and delighted to be leading M&C Saatchi, whose work I have
admired for many years. My first few weeks are focused on getting to know the
group. As Zillah will remain Chair, we will not be losing her wealth of
experience and drive. I thank her for the incredible job she has done to set
the Company on its new strategic direction which I fully endorse."
Zillah Byng-Thorne, Chair, said:
"We are privileged to have Zaid join us at this critical time for M&C
Saatchi. We have created a stronger and more sustainable platform from which
to become the leading creative solutions partner for our global client
base. With our brand, leading specialist capabilities, highly talented
people, and clear strategy, we are on track to fulfil our potential as a
world-leading creative solutions company."
In accordance with Schedule 2 (g) of the AIM Rules for Companies, Zaid
Al-Qassab (aged 52 years) holds/has held the following
directorships/partnerships in the last five years:
Current directorships/partnerships
Advertising Standards Authority Limited
The Advertising Standards Authority (Broadcast) Limited
Previous directorships/partnerships (last five years)
WaterAid UK
Creative Diversity Network Ltd
Zaid Al-Qasab holds no ordinary shares or options over ordinary shares in the
Company.
There are no further disclosures to be made under Schedule 2(g) of the AIM
Rules for Companies.
For further information please call:
M&C Saatchi +44 (0)20-7543-4500
Zillah Byng-Thorne, Chair
Zaid Al-Qassab, Chief Executive Officer
Bruce Marson, Chief Financial Officer
Jill Sherratt, Investor Relations
Headland Consultancy +44 (0)20 3805 4822
Charlie Twigg
Liberum Capital - Nominated Adviser and Joint Broker +44 (0)20-3100-2000
Max Jones, Edward Mansfield, Will King
Deutsche Numis - Joint broker +44 (0)20-7260-1000
Nick Westlake, Iqra Amin
About M&C Saatchi
M&C Saatchi is a creative solutions company with specialist expertise and
creativity in helping our clients grow by maximising the reach and potential
of their brands. It does this through its regional-first operating model with
five core specialisms - Advertising, Issues, Passions, Consulting and Media -
which it leverages in an integrated go-to-market approach. It has significant
global reach, with major hubs in the UK, Europe, Middle East, APAC and the
Americas and supported by global shared services.
M&C Saatchi is headquartered in London and listed on the FTSE AIM index of
the London Stock Exchange.
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
or visit
www.rns.com (http://www.rns.com/)
.
RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
. END BOAUNRARSAUVAAR