Directorate Change

RNS Number : 3615Y

M&C Saatchi PLC

17 May 2016

 

M&C SAATCHI plc announces Board changes:

The Board is pleased to announce its intention to appoint Sir Michael Charles Gerrard Peat, 66, as a non-executive Director following our AGM on 8th June 2016.  On appointment, Michael will chair M&C Saatchi's Audit committee.

Michael Peat was a partner at KPMG from 1985 to 1993 before joining the Royal Household. Positions held in the Household included Director of Finance and Property Services, Keeper of the Privy Purse and Treasurer to The Queen, Receiver General of The Duchy of Lancaster, Principal Private Secretary to The Prince of Wales and Duchess of Cornwall and chairman of The Prince's Charities Foundation. He retired from the Royal Household in 2011.

Adrian Martin, a Non-Executive Director, has informed the Board of his intention not to stand for re-election at the next AGM. Adrian has been a member of the Board since the company floated on 7 July 2004.

In accordance with Schedule Two paragraph (g) of the AIM Rules for Companies, the following information in relation to the appointment of Michael Peat is disclosed:

Michael holds or has held directorships/partnerships in the five years preceding his appointment at the Company as follows:

Current directorships/partnerships:

Arbuthnot Latham & Co. Limited

Architekton Limited

CQS Management Limited

Evraz plc

GEMS MENASA Holdings Limited

The Regeneration Group Limited

The Said Foundation

Tamar Energy Limited

CQS (UK) LLP

Hintze Family Charitable Foundation

Wycliffe Grange Farm Partnership

In addition he is an Independent Non-Executive on the Board of Deloitte LLP

Previous directorships:

Cass Sculpture Foundation

Dumfries Estate (Glenside) Limited

Dumfries Estate (Pennyfadzeoch) Limited

Dumfries Farming and Land Limited

Dumfries House Home Farm Limited

Dumfries House Trust Trading Limited

HPB Developments Limited

Neerock Farming Limited

The Great Steward of Scotland's Dumfries House Trust

The Prince of Wales's Charitable Foundation

Further information

Save as set out above there is no further information to be disclosed pursuant to Rule 17 or Schedule Two paragraph (g) of the AIM Rules for Companies.

 -ends-

For further information, please contact:

M&C Saatchi plc                              [phone] 

David Kershaw

Numis Securities                             [phone] 

Nick Westlake, NOMAD

Charles Farquhar, Corporate Broking                       

Tulchan Communications            [phone] 

Tom Murray

 

END

 

 

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