21 June 2024
M&C SAATCHI PLC
(the "Company" or "M&C Saatchi")
Appointment of Chief Financial Officer
M&C Saatchi announces that, as part of a managed succession process, Simon Fuller will join the Company as Chief Financial Officer ("CFO") and as a member of the Board on 1 July 2024. Bruce Marson, Chief Financial Officer, will step down from the Board on 30 June 2024 and will revert to the position of Deputy Chief Financial Officer.
Simon is an experienced CFO, having held several executive and senior management roles across a range of UK listed companies. His former positions include CFO of Reach plc and McColl's Retail Group plc. He has also held senior managerial roles in the finance functions of Tesco plc, BT Group plc and COLT Telecom plc. He qualified as a chartered accountant with PricewaterhouseCoopers in 2001.
The Board thanks Bruce Marson for the key role he has played in the transformation of M&C Saatchi since he joined the Company in October 2021, stepping up to CFO in March 2023.
Zillah Byng-Thorne, Non-Executive Chair, commented:
"Simon joins us with a distinguished career of over 20 years of listed company experience and deep operational and strategic expertise. His wide experience in corporate governance, business transformation and investment strategy will help drive M&C Saatchi forward.
I thank Bruce for his contribution during his tenure as Chief Financial Officer. His leadership has been pivotal as we navigated our significant transformation over the past 18 months, and we are delighted that we will retain his expertise in the group."
Zaid Al-Qassab, Chief Executive Officer, commented:
"I am pleased to welcome Simon, whose skills will be highly valuable in the new phase we have entered, as we drive M&C Saatchi to become the leading creative solutions partner for our clients, combining deep regional expertise with broad global reach. Building on the platform created under the leadership of Zillah and Bruce, whose talents I am pleased we will retain, I believe we have the right team to realise our potential in creating value for all stakeholders."
Simon Fuller, incoming Chief Financial Officer, commented:
"I am thrilled to be joining M&C Saatchi at such an exciting time for the business. Not only does this truly international brand have a remarkable creative heritage, but there is also a clear and compelling plan and vision for the future. I very much look forward to working in partnership with Zaid, the Board, Bruce and the wider team, to successfully deliver the next stage of the Company's development."
Further information
| M&C Saatchi | +44 (0)20-7543-4500 |
| Zillah Byng-Thorne, Non-Executive Chair Zaid Al-Qassab, Chief Executive Officer | |
| Jill Sherratt, Investor Relations | |
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Headland Consultancy | +44 (0)20 3805 4822 |
| Rob Walker, Charlie Twigg mcsaatchi@headlandconsultancy.com |
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Liberum Capital - Nominated Adviser and Joint Broker | +44 (0)20-3100-2000 |
| Max Jones, Edward Mansfield, Will King |
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Deutsche Numis - Joint broker | +44 (0)20-7260-1000 |
| Nick Westlake, Iqra Amin |
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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.
Disclosure under Schedule 2 (g) of the AIM Rules for Companies
In accordance with Schedule 2 (g) of the AIM Rules for Companies, Simon Jeremy Ian Fuller (aged 46 years) holds/has held the following directorships/partnerships in the last five years:
| | |
| Current directorships/partnerships | Previous directorships/partnerships (last five years) |
| | |
| None | THE FOUNDATION YEARS TRUST |
| | REGULATORY FUNDING COMPANY |
| | LEGIONSTYLE LIMITED |
| | R.E. JONES NEWSPAPER GROUP LIMITED |
| | MARKSTEAD LIMITED |
| | ECHO PRESS (1983) LIMITED |
| | JOBSIN LIMITED |
| | THE GRADUATE GROUP LTD |
| | WEST FERRY LEASING LIMITED |
| | MIRRORNEWS LIMITED |
| | TRINITY MIRROR MEDIA LIMITED |
| | REACH PUBLISHING SERVICES LIMITED |
| | R.E. JONES GRAPHIC SERVICES LIMITED |
| | SCENE PRINTING (MIDLANDS) LIMITED |
| | MGN (AW) LIMITED |
| | DAILY STAR LIMITED |
| | FISH4 TRADING LIMITED |
| | DENITZ INVESTMENTS LIMITED |
| | CAMBERRY LIMITED |
| | MIRROR GROUP MUSIC LIMITED |
| | MIDLAND INDEPENDENT NEWSPAPER & MEDIA SALES LIMITED |
| | REACH PRINTING SERVICES (OLDHAM) LIMITED |
| | LONDON AND WESTMINSTER NEWSPAPERS LIMITED |
| | MEN MEDIA LIMITED |
| | THE HINCKLEY TIMES LIMITED |
| | TRINITY MIRROR VIDEOS LIMITED |
| | MIRROR GROUP NEWSPAPERS LIMITED |
| | REACH PUBLISHING GROUP LIMITED |
| | LIVERPOOL WEEKLY NEWSPAPER GROUP LIMITED |
| | JOSEPH WOODHEAD & SONS LIMITED |
| | LIVE TV LIMITED |
| | FISH4HOMES LIMITED |
| | QUIDS-IN (NORTH WEST) LIMITED |
| | TIH (TEESSIDE) LIMITED |
| | AD-MAG (NORTH EAST) LIMITED |
| | MGL2 LIMITED |
| | REACH PRINTING SERVICES (SALTIRE) LIMITED |
| | MIRROR COLOUR PRINT SERVICES (LONDON) LIMITED |
| | WANDSWORTH INDEPENDENT LIMITED |
| | R.E.JONES & BROS.LIMITED |
| | MIRROR FINANCIAL SERVICES LIMITED |
| | DAILY MIRROR NEWSPAPERS LIMITED(THE) |
| | REACH MEDIA GROUP LTD |
| | TRINITY 100 LIMITED |
| | NORTHERN PRINT SERVICES LIMITED |
| | TM MEDIA HOLDINGS LIMITED |
| | TOTALLYFINANCIAL.COM LTD |
| | JUST LONDON JOBS LIMITED |
| | GLASWEGIAN PUBLICATIONS LIMITED |
| | BLACKMORE VALE PUBLISHING COMPANY LIMITED |
| | TOWER MAGAZINES LIMITED |
| | TRINITY MIRROR PRINTING (CARDIFF) LIMITED |
| | TRINITY MIRROR MERSEYSIDE LIMITED |
| | TM NORTH AMERICA LIMITED |
| | TRINITY MIRROR ACQUISITIONS LIMITED |
| | MGN LIMITED |
| | TIH (BELFAST) (NOMINEES) LIMITED |
| | WHITBREAD WALKER LIMITED |
| | DAILY POST OVERSEAS LIMITED |
| | BPM MEDIA (MIDLANDS) LIMITED |
| | LONDON NEWSPAPER GROUP LIMITED |
| | TRINITY NEWSPAPER GROUP LIMITED |
| | SALTIRE PRESS LIMITED |
| | MIRROR GROUP NEWSPAPERS NORTH (1986) LIMITED |
| | MIDLAND NEWSPAPERS LIMITED |
| | BIRMINGHAM POST & MAIL (EXHIBITIONS) LIMITED |
| | KENNYHILL LIMITED |
| | ANDERSTON QUAY PRINTERS LIMITED |
| | 08000 RECRUIT LIMITED |
| | ADVERTISER NORTH LONDON GROUP (HOLDINGS) LIMITED |
| | REACH MAGAZINES PUBLISHING LIMITED |
| | HUDDERSFIELD NEWSPAPERS LIMITED |
| | ADVERTISER NORTH LONDON LIMITED |
| | BURGINHALL 677 LIMITED |
| | MIRROR COLOUR PRINT SERVICES LIMITED |
| | LOCAL WORLD LIMITED |
| | PLANETRECRUIT LIMITED |
| | RH1 LIMITED |
| | SCOTTISH DAILY RECORD AND SUNDAY MAIL LIMITED |
| | TRINITY MIRROR HUDDERSFIELD LIMITED |
| | WELSH UNIVERSAL HOLDINGS LIMITED |
| | SCOTTISH AND UNIVERSAL NEWSPAPERS LIMITED |
| | MIDLAND WEEKLY MEDIA (WOLVERHAMPTON) LIMITED |
| | OFFICIAL STARTING PRICES LTD. |
| | GIMMEJOBS LIMITED |
| | FINANCIAL JOBS ONLINE LIMITED |
| | GAZETTE MEDIA COMPANY LIMITED |
| | MIRRORAIR LIMITED |
| | MIRROR COLOUR PRINT (NORTH) LIMITED |
| | MGN (86) LIMITED |
| | SCENE MAGAZINES LIMITED |
| | MERCURY DISTRIBUTION SERVICES LIMITED |
| | CHARGESTAKE LIMITED |
| | ECHO PRESS LIMITED(THE) |
| | DAILY POST INVESTMENTS LIMITED |
| | FISH4 LIMITED |
| | EXAMINER NEWS & INFORMATION SERVICES LIMITED |
| | FISH4JOBS LIMITED |
| | I.T. TRADE PUBLISHING LIMITED |
| | JOB SEARCH LIMITED |
| | WELSHPOOL WEB-OFFSET CO. LIMITED |
| | TRINITY MIRROR DIGITAL MEDIA LIMITED |
| | TRINITY MIRROR DIGITAL LIMITED |
| | TM LEASING LIMITED |
| | REACH PRINTING SERVICES (MIDLANDS) LIMITED |
| | BEAVERBROOK NEWSPAPERS LIMITED |
| | COMMUNITY MAGAZINES LIMITED |
| | TRINITY MIRROR LIMITED |
| | MIDLAND NEWSPAPERS PRINTERS LIMITED |
| | THIS IS BRITAIN LIMITED |
| | TRINITY NEWSPAPERS SOUTHERN LIMITED |
| | NORTH WALES WEEKLY NEWS |
| | MIDLAND WEEKLY MEDIA (BIRMINGHAM) LIMITED |
| | TRINITY MIRROR FINANCE LIMITED |
| | BIRMINGHAM BOAT SHOWS LIMITED(THE) |
| | TRINITY SHARED SERVICES LIMITED |
| | TM REGIONAL NEW MEDIA LIMITED |
| | ARROW INTERACTIVE LIMITED |
| | THE GREEN MAGAZINE COMPANY LIMITED |
| | SCENE PRINTING WEB OFFSET LIMITED |
| | NET RECRUIT UK LIMITED |
| | TRINITY MIRROR PRINTING (LIVERPOOL) LIMITED |
| | UNITED MAGAZINES PUBLISHING SERVICES LIMITED |
| | TM MOBILE SOLUTIONS LIMITED |
| | MEDIA WALES LIMITED |
| | RELIANT DISTRIBUTORS LIMITED |
| | NUNEWS LIMITED |
| | REACH MAGAZINES WORLDWIDE LIMITED |
| | TIH (CARDIFF) LIMITED |
| | MEDIA SCOTLAND LIMITED |
| | MIRRORAD LIMITED |
| | REACH REGIONALS LIMITED |
| | SIGHTLINE PUBLICATIONS LIMITED |
| | SUNDAY EXPRESS LIMITED |
| | REACH PRINTING SERVICES (WATFORD) LIMITED |
| | NORTH WALES INDEPENDENT PRESS LIMITED |
| | HIGH STREET DIRECT LIMITED |
| | MEILIN LIMITED |
| | MIDLAND WEEKLY MEDIA LIMITED |
| | BLACKFRIARS LEASING LTD. |
| | MIDDLESEX COUNTY PRESS LIMITED |
| | TIH (TRUSTEE) LIMITED |
| | EXPRESS NEWSPAPERS PROPERTIES LIMITED |
| | CHARLES ELPHICK LIMITED |
| | DAILY EXPRESS LIMITED |
| | TIH (CHESTER) LIMITED |
| | HOT EXCHANGE LIMITED |
| | HUDDERSFIELD EXAMINER LIMITED |
| | TRINITY MIRROR NORTH WALES LIMITED |
| | REACH PRINTING SERVICES LIMITED |
| | WOOD LANE ONE LIMITED |
| | FISH4CARS LIMITED |
| | INSIDER PUBLICATIONS LIMITED |
| | WOOD LANE TWO LIMITED |
| | WIRRAL NEWSPAPERS LIMITED |
| | REACH WORK LIMITED |
| | TRINITY PUBLICATIONS LIMITED |
| | SCENE NEWSPAPERS LIMITED |
| | TRINITY MIRROR DISTRIBUTORS LIMITED |
| | REACH NETWORK MEDIA LIMITED |
| | REACH MIDLANDS MEDIA LIMITED |
| | TIH (PROPERTIES) LIMITED |
| | THE ADSCENE GROUP LIMITED |
| | HOTRECRUIT LIMITED |
| | THE HOTGROUP LIMITED |
| | WESTERN MAIL & ECHO LIMITED |
| | VIVID GROUP LIMITED |
| | AMRA LIMITED |
| | BUY SELL LIMITED |
| | REACH SHARED SERVICES LIMITED |
| | TM TITLES LIMITED |
| | TOTALLYLEGAL.COM LIMITED |
| | WORKTHING LIMITED |
| | TRINITY MIRROR (L I) LIMITED |
| | TRINITY MIRROR CHESHIRE LIMITED |
| | LIVERPOOL WEB OFFSET LIMITED |
| | TRINITY MIRROR PRINTING (NEWCASTLE) LIMITED |
| | TRINITY WEEKLY NEWSPAPERS LIMITED |
| | THE BIRMINGHAM POST & MAIL LIMITED |
| | ASSOCIATED CATHOLIC NEWSPAPERS(1912)LIMITED(THE) |
| | LLANDUDNO ADVERTISER LIMITED |
| | MEDPRESS LIMITED |
| | CONRAD & PARTNERS LIMITED |
| | BROUGHTON PRINTERS LIMITED |
| | REACH REGIONALS MEDIA LIMITED |
| | SUNDAY PEOPLE LIMITED |
| | REACH NATIONALS LIMITED |
| | CHESTER CHRONICLE AND ASSOCIATED NEWSPAPERS LIMITED(THE) |
| | JOBSFINANCIAL LIMITED |
| | LOCAL WORLD HOLDINGS LIMITED |
| | SCOTTISH EXPRESS NEWSPAPERS LIMITED |
| | TRINITY MIRROR PRINTING (BLANTYRE) LIMITED |
| | REACH MAGAZINES DISTRIBUTION LIMITED |
| | O.K. MAGAZINES LIMITED |
| | ODHAMS NEWSPAPERS LIMITED |
| | GISAJOB LIMITED |
| | NORTH EASTERN EVENING GAZETTE LIMITED |
| | REACH DIRECTORS LIMITED |
| | MG GUARANTEE CO LIMITED |
| | O K MAGAZINES TRADING CO LIMITED |
| | MGN (CANADA SQUARE) LIMITED |
| | MIRROR COLOUR PRINT (LONDON) LIMITED |
| | EXPRESS NEWSPAPERS |
| | REACH PLC |
| | THE EDINBURGH AND LOTHIANS POST LIMITED |
| | THE CAREER ENGINEER LIMITED |
| | CITY TELEVISION NETWORK LIMITED |
| | MAINJOY LIMITED |
| | EXPORT MAGAZINE DISTRIBUTORS LIMITED |
| | MG ESTATES LIMITED |
| | MIRRORGROUP LIMITED |
| | ENTERPRISE MAGAZINES LIMITED |
| | BIRMINGHAM LIVE LIMITED |
| | INFORMER PUBLICATIONS LIMITED |
| | REACH PRINTING SERVICES (WEST FERRY) LIMITED |
| | MERSEYMART LIMITED |
| | METROPOLITAN FREE NEWSPAPERS LIMITED |
| | MIDLAND UNITED NEWSPAPERS LIMITED |
| | REACH MAGAZINES LIMITED |
| | MIRRORTEL LIMITED |
| | MICROMART (UK) LIMITED |
| | SYNDICATION INTERNATIONAL (1986) LIMITED |
| | REACH SOUTHERN MEDIA LIMITED |
| | NCJ MEDIA LIMITED |
| | MIRROR PROJECTS LIMITED |
| | FIRST PRESS PUBLISHING LIMITED |
| | REACH SECRETARIES LIMITED |
| | ISLE OF WIGHT NEWSPAPERS LIMITED |
| | SYNDICATION INTERNATIONAL LIMITED |
| | CHANNEL ONE LIVERPOOL LIMITED |
| | MIDLAND INDEPENDENT MAGAZINES LIMITED |
| | TIH (NEWCASTLE) LIMITED |
| | REACH PRINTING SERVICES (TEESSIDE) LIMITED |
| | MIDLAND INDEPENDENT WEEKLY NEWSPAPERS LIMITED |
| | KENT REGIONAL NEWSPAPERS LIMITED |
| | COVENTRY NEWSPAPERS LIMITED |
| | TRINITY MIRROR ACQUISITIONS (2) LIMITED |
| | TRINITY MIRROR DIGITAL 1 LIMITED |
| | VIBRANT LIMITED |
| | WEBSALVO.COM LIMITED |
| | VECTIS INNOVATIONS LIMITED |
| | TRINITY MIRROR REGIONAL NEWSPAPERS LIMITED |
| | WIRE TV LIMITED |
| | TRINITY MIRROR MARKETING DIRECT LIMITED |
| | VIVID LIMITED |
| | TRINITY LIMITED |
| | TM TOWER MANAGEMENT SERVICES LIMITED |
| | TRINITY 102 LIMITED |
| | THE LIVERPOOL DAILY POST AND ECHO LIMITED |
| | JOBSINHRSOLUTIONS LIMITED |
| | SMART MEDIA SERVICES LIMITED |
| | THE ADVERTISER LIMITED |
| | MG6 LIMITED |
| | SCOTFREE LIMITED |
| | BIRMINGHAM POST & MAIL TRUSTEES LIMITED |
| | SUNDAY BRANDS LIMITED |
| | OK! MAGAZINE HOLDINGS LIMITED |
| | ICSCOTLAND LIMITED |
| | NEWSDAY LIMITED |
| | MEN INVESTMENT LIMITED |
| | MIDLAND LEAFLET SERVICES LIMITED |
| | 0800 RECRUIT LIMITED |
| | EXPRESS PROPERTY MANAGEMENT LIMITED |
| | MIRROR COLOUR PRINT (LONDON NO. 1 PLANT) LIMITED |
| | CENTURY COMMUNICATIONS LTD. |
| | PARKSIDE CONSULTING LIMITED |
| | SOUTHNEWS TRUSTEES LIMITED |
| | MGN PROPERTY DEVELOPMENTS LIMITED |
| | EXPRESS PRINTERS MANCHESTER LIMITED |
| | INTERNET RECRUITMENT SOLUTIONS LIMITED |
| | SURREY & BERKSHIRE MEDIA LIMITED |
| | PEOPLE LIMITED(THE) |
| | JOBSINUK LIMITED |
| | MIDLAND WEEKLY NEWSPAPERS LIMITED |
| | HOT FLIGHTS LIMITED |
| | NEWCASTLE CHRONICLE AND JOURNAL LIMITED |
| | JOBSINLAW LIMITED |
| | PARKSIDE ACCOUNTANCY LIMITED |
| | MGN (SERVICES) LTD |
| | PLANET RECRUITMENT LIMITED |
| | DUNDONIAN PUBLICATIONS LIMITED |
| | CDE SERVICES LIMITED |
| | HOT FLATS LIMITED |
| | INSIDER GROUP LIMITED |
| | ABERDONIAN PUBLICATIONS LIMITED |
| | MAYFAIR CELEBS LIMITED |
| | LANCASHIRE & CHESHIRE COUNTY NEWSPAPERS LIMITED |
| | MANCHESTER MORNING NEWS LIMITED |
| | ECHO BUILDING (LIVERPOOL) LIMITED |
| | INTERNATIONAL DISTRIBUTION 2018 LIMITED |
Simon holds no 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.
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