TIDMSFOR
RNS Number : 5077U
S4 Capital PLC
02 August 2022
2 August 2022
S4 Capital plc
("S (4) Capital" or the "Company")
Appointments of Colin Day and Chris Martin
Colin Day appointed as new Chair of Audit and Risk Committee and
Chris Martin as Chief Operating Officer
S (4) Capital plc (SFOR.L), the new age/new era digital
advertising and marketing services company, today announces the
appointment of a new Chair of the Audit and Risk Committee, as part
of its previously indicated plans to invest in and tighten its
financial control, risk and governance processes. In addition,
Christopher S. Martin has been appointed Chief Operating Officer,
to scale the Company's organisational structure and processes.
Colin Day will assume the role with immediate effect and join S
(4) Capital's Board as a Non-Executive Director. Colin has decades
of experience in both management and governance roles, including
Non-Executive Chairman of Premier Foods plc, as Chief Executive of
Essentra plc and 15 years' experience as Chief Financial Officer of
both Reckitt Benckiser plc and Aegis plc. He has served as a
non-executive director on the boards of major UK listed businesses,
including Amec Foster Wheeler, WPP, Cadbury, Imperial Brands and
easyJet. The current Chair is Senior Independent Director, Rupert
Faure Walker, who remains a member of the Audit and Risk Committee
and the Nomination and Remuneration Committee.
The Audit and Risk Committee's role is to assist the Board with
the discharge of its responsibilities in relation to external
audits and controls, including reviewing financial statements,
considering the scope of the work undertaken by external auditors
and reviewing the effectiveness of the internal control systems in
place within the Group.
Chris Martin will also assume the Chief Operating Officer role
with immediate effect. Chris was a Co-founder of MightyHive Inc,
the market-leading marketing solutions provider, which joined S (4)
Capital plc in December 2018 and was merged fully into Media.Monks
in 2021, following significant broadening of its Data&analytics
and digital media capabilities, both organically and through
mergers. Prior to co-founding MightyHive Inc., and leading the
Data&analytics and digital media pillar for Media.Monks, Chris
was at Yahoo for over a decade, responsible for post-merger
integration of a number of Yahoo!'s acquisitions and brings an
extensive knowledge of large scale systems and process
implementation for rapid growth technology firms.
Enquiries:
S (4) Capital plc Tel: +44 (0)20 3793 0003/+44 (0)20 3793
0007
Sir Martin Sorrell (Executive Chairman)
Powerscourt Tel: +44 (0)778 670 2526
(PR Adviser to S (4) Capital plc)
Robin O'Kelly
Jane Glover
About S (4) Capital
S (4) Capital plc (SFOR.L) is the tech-led, new age/new era
digital advertising and marketing services company, established by
Sir Martin Sorrell in May 2018.
Its strategy is to build a purely digital advertising and
marketing services business for global, multinational, regional,
local clients and millennial-driven influencer brands. This will be
achieved by integrating leading businesses in three practice areas:
Content, Data&digital media and Technology services, along with
an emphasis on "faster, better, more efficient" executions in an
always-on consumer-led environment, with a unitary structure.
Digital is by far the fastest-growing segment of the advertising
market. S (4) Capital estimates that in 2021 digital accounted for
over 60% or $420-450 billion of total global advertising spend of
$700-750 billion (excluding over $500 billion of trade promotion
marketing, the primary target of the Amazon advertising platform)
and projects that by 2022 total global advertising spend will
expand to $770-850 billion and digital's share will grow to
approximately 65% and by 2024 to approximately 70%, accelerated by
the impact of covid-19.
In 2018, S (4) Capital combined with MediaMonks, the leading
AdAge A-listed creative digital content production company led by
Victor Knaap and Wesley ter Haar and then with MightyHive, the
market-leading digital media solutions provider for future thinking
marketers and agencies, led by Peter Kim and Christopher S.
Martin.
Since then, MediaMonks and MightyHive have combined with more
than 25 companies across Content , Data&digital
media and Technology services. For a full list, please see the S (4) Capital website.
In August 2021, S (4) Capital launched its unitary brand by
merging MediaMonks and MightyHive into Media.Monks, represented by
a dynamic logo mark that features MightyHive's iconic hexagon. As
the operational brand, Media.Monks underpins S (4) Capital's
agility, digital knowledge and efficiency and is the next step in
delivering on its foundational promise to unify Content ,
Data&digital media and Technology services.
Victor Knaap, Wesley ter Haar, Christopher Martin, Scott Spirit
and Mary Basterfield all joined the S (4) Capital Board as
Executive Directors. The S (4) Capital Board also includes Rupert
Faure Walker, Paul Roy, Daniel Pinto, Sue Prevezer, Elizabeth
Buchanan, Naoko Okumoto, Margaret Ma Connolly, Miles Young and
now Colin Day.
The Company has over 9,000 people in 32 countries with
approximately 70% of revenue across the Americas, 20% across Europe
and 10% across the Middle East and Africa and Asia-Pacific. The
longer term objective is a split of 60%:20%:20%. Content currently
accounts for approximately 60% of revenue, Data&analytics 30%
and Technology services 10%. The long-term objective is a split of
50%:20%:20%.
Sir Martin was CEO of WPP for 33 years, building it from a GBP1
million "shell" company in 1985 into the world's largest
advertising and marketing services company, with a market
capitalisation of over GBP16 billion on the day he left. Prior to
that Sir Martin was Group Financial Director of Saatchi &
Saatchi Company Plc for nine years.
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