Directorate Change

RNS Number : 4611B

M&C Saatchi PLC

21 September 2018

 

M&C Saatchi PLC

21 September 2018

M&C Saatchi PLC ("M&C Saatchi" or "the Company")

Directorial Change

M&C Saatchi plc announces that Jamie Hewitt, Group Finance Director, has informed the Board of his decision to pursue other career opportunities, having worked at M&C Saatchi for almost 15 years. Jamie has a 12 month notice period and will remain in his position until a successor has been recruited to ensure an orderly handover.

Jeremy Sinclair, Chairman of M&C Saatchi, said:

"As group FD, Jamie has done a fantastic job. Our profits have gone from around £10m to £26m, dividends from 3.60p a share to 9.53p. What's equally remarkable, is that he has managed at the same time to be an extremely likeable human being. We will miss him."

Jamie Hewitt said:

"I have much enjoyed my time at M&C Saatchi. We have followed a unique strategy of starting new businesses with exceptionally talented teams, managing to deliver market-beating growth for 19 out of 20 years. Although I am excited at the prospect of new challenges, a part of me will always be at M&C Saatchi.''

-ends-

For further information, please contact:

M&C Saatchi plc                              [phone]  

Andy Blackstone, Company Secretary                        

Numis Securities                              [phone]  

Nick Westlake, NOMAD                                        

Charles Farquhar, Corporate Broking                        

Tulchan Communications                  [phone]  

Tom Murray

 

END

 

 

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