Directorate Change
Next Fifteen Communications Plc
17 August 2011
Next Fifteen appoints Margit Wennmachers as non-executive director
Next Fifteen Communications Group plc, a worldwide digital communications group, has announced that Margarita Auguste Wennmachers aged 46, has been appointed as non-executive director.
Margit Wennmachers is a partner at Andreessen Horowitz where she heads the firm’s marketing efforts. Margit joined Andreessen Horowitz in July 2010. Before joining Andreessen Horowitz, she co-founded OutCast Communications Corp, which became a subsidiary of Next Fifteen Communications Group plc. in 2005. Prior to OutCast, Margit spent over four years at Blanc & Otus, where she managed several of that agency’s largest client accounts.
Andreessen Horowitz is a stage-agnostic venture capital firm that provides seed, venture and growth-stage funding to the best new technology companies. Founded by Marc Andreessen and Ben Horowitz, Andreessen Horowitz helps entrepreneurs become successful CEOs and build important and enduring companies. The firm has $1.2 billion under management across two funds. Among its 60 investments are Facebook, Foursquare, Groupon, Skype, Twitter and Zynga. The firm was established in June 2009 and is located in Menlo Park, California. www.a16z.com
With 48 offices in 19 countries and a client list that includes many of the highest-profile international brands, the Next Fifteen Group owns subsidiary brands Text 100, Bite Communications, The OutCast Agency, Lexis, M Booth, The Blueshirt Group, Redshift Research, 463 Communications, Beyond and Bourne. In the financial year ended 31 July 2010 Next Fifteen achieved revenue of £72.3m and operating profit of £6.5m.
Richard Eyre, Chairman of Next Fifteen, said: "I am delighted to welcome Margit Wennmachers to the board. Her experience in our sector, together with her outstanding reputation in Silicon Valley will be of great value as the Group continues to expand.â€
Save as disclosed above no further information regarding the appointment of Margit Wennmachers to the Board is required to be disclosed under Schedule 2, paragraph (g) of the AIM Rules for Companies.
Name of contacts and telephone number for queries: |
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Next Fifteen Communications Group plc |
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Tim Dyson, CEO 001 415 350 2801 | ||
David Dewhurst, Finance Director 0208 846 0771 | ||
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Bite Communications Limited |
Canaccord Genuity Limited |
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Elijah Lawal 0787 574 2995 |
Mark Williams |
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Paul Mackender 07764 687366 |
Henry Fitzgerald-O`Connor 020 7050 6500 |