RNS Number : 3048T
M&C Saatchi PLC
21 June 2024
 

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


 

Headland Consultancy

+44 (0)20 3805 4822

Rob Walker, Charlie Twigg

mcsaatchi@headlandconsultancy.com

 

 

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.

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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