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:
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M&C
Saatchi
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+44 (0)20-7543-4500
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Zillah Byng-Thorne, Chair
Zaid Al-Qassab, Chief Executive
Officer
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Bruce Marson, Chief Financial
Officer
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Jill Sherratt, Investor Relations
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Headland
Consultancy
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+44 (0)20 3805 4822
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Charlie Twigg
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Liberum
Capital - Nominated Adviser and Joint Broker
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+44 (0)20-3100-2000
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Max Jones, Edward Mansfield, Will
King
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Deutsche Numis
- Joint broker
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+44 (0)20-7260-1000
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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.