Appointment of Chief Financial Officer

M&C Saatchi PLC

21 June 2024

 

21 June 2024

M&C SAATCHI PLC

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

Appointment of Chief Financial Officer

M&C Saatchi announces that, as part of a managed succession process, Simon Fuller will join the Company as Chief Financial Officer ("CFO") and as a member of the Board on 1 July 2024.  Bruce Marson, Chief Financial Officer, will step down from the Board on 30 June 2024 and will revert to the position of Deputy Chief Financial Officer.

Simon is an experienced CFO, having held several executive and senior management roles across a range of UK listed companies. His former positions include CFO of Reach plc and McColl's Retail Group plc. He has also held senior managerial roles in the finance functions of Tesco plc, BT Group plc and COLT Telecom plc. He qualified as a chartered accountant with PricewaterhouseCoopers in 2001.

The Board thanks Bruce Marson for the key role he has played in the transformation of M&C Saatchi since he joined the Company in October 2021, stepping up to CFO in March 2023.

Zillah Byng-Thorne, Non-Executive Chair, commented:

"Simon joins us with a distinguished career of over 20 years of listed company experience and deep operational and strategic expertise. His wide experience in corporate governance, business transformation and investment strategy will help drive M&C Saatchi forward.

I thank Bruce for his contribution during his tenure as Chief Financial Officer. His leadership has been pivotal as we navigated our significant transformation over the past 18 months, and we are delighted that we will retain his expertise in the group."

Zaid Al-Qassab, Chief Executive Officer, commented:

"I am pleased to welcome Simon, whose skills will be highly valuable in the new phase we have entered, as we drive M&C Saatchi to become the leading creative solutions partner for our clients, combining deep regional expertise with broad global reach. Building on the platform created under the leadership of Zillah and Bruce, whose talents I am pleased we will retain, I believe we have the right team to realise our potential in creating value for all stakeholders."

Simon Fuller, incoming Chief Financial Officer, commented:

"I am thrilled to be joining M&C Saatchi at such an exciting time for the business. Not only does this truly international brand have a remarkable creative heritage, but there is also a clear and compelling plan and vision for the future. I very much look forward to working in partnership with Zaid, the Board, Bruce and the wider team, to successfully deliver the next stage of the Company's development."

Further information

M&C Saatchi	[phone]
Zillah Byng-Thorne, Non-Executive Chair Zaid Al-Qassab, Chief Executive Officer
Jill Sherratt, Investor Relations
Headland Consultancy	[phone]
Rob Walker, Charlie Twigg [e-mail]
Liberum Capital - Nominated Adviser and Joint Broker	[phone]
Max Jones, Edward Mansfield, Will King
Deutsche Numis - Joint broker	[phone]
Nick Westlake, Iqra Amin

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.

Disclosure under Schedule 2 (g) of the AIM Rules for Companies

In accordance with Schedule 2 (g) of the AIM Rules for Companies, Simon Jeremy Ian Fuller (aged 46 years) holds/has held the following directorships/partnerships in the last five years:

Current directorships/partnerships	Previous directorships/partnerships (last five years)
None	THE FOUNDATION YEARS TRUST
	REGULATORY FUNDING COMPANY
	LEGIONSTYLE LIMITED
	R.E. JONES NEWSPAPER GROUP LIMITED
	MARKSTEAD LIMITED
	ECHO PRESS (1983) LIMITED
	JOBSIN LIMITED
	THE GRADUATE GROUP LTD
	WEST FERRY LEASING LIMITED
	MIRRORNEWS LIMITED
	TRINITY MIRROR MEDIA LIMITED
	REACH PUBLISHING SERVICES LIMITED
	R.E. JONES GRAPHIC SERVICES LIMITED
	SCENE PRINTING (MIDLANDS) LIMITED
	MGN (AW) LIMITED
	DAILY STAR LIMITED
	FISH4 TRADING LIMITED
	DENITZ INVESTMENTS LIMITED
	CAMBERRY LIMITED
	MIRROR GROUP MUSIC LIMITED
	MIDLAND INDEPENDENT NEWSPAPER & MEDIA SALES LIMITED
	REACH PRINTING SERVICES (OLDHAM) LIMITED
	LONDON AND WESTMINSTER NEWSPAPERS LIMITED
	MEN MEDIA LIMITED
	THE HINCKLEY TIMES LIMITED
	TRINITY MIRROR VIDEOS LIMITED
	MIRROR GROUP NEWSPAPERS LIMITED
	REACH PUBLISHING GROUP LIMITED
	LIVERPOOL WEEKLY NEWSPAPER GROUP LIMITED
	JOSEPH WOODHEAD & SONS LIMITED
	LIVE TV LIMITED
	FISH4HOMES LIMITED
	QUIDS-IN (NORTH WEST) LIMITED
	TIH (TEESSIDE) LIMITED
	AD-MAG (NORTH EAST) LIMITED
	MGL2 LIMITED
	REACH PRINTING SERVICES (SALTIRE) LIMITED
	MIRROR COLOUR PRINT SERVICES (LONDON) LIMITED
	WANDSWORTH INDEPENDENT LIMITED
	R.E.JONES & BROS.LIMITED
	MIRROR FINANCIAL SERVICES LIMITED
	DAILY MIRROR NEWSPAPERS LIMITED(THE)
	REACH MEDIA GROUP LTD
	TRINITY 100 LIMITED
	NORTHERN PRINT SERVICES LIMITED
	TM MEDIA HOLDINGS LIMITED
	TOTALLYFINANCIAL.COM LTD
	JUST LONDON JOBS LIMITED
	GLASWEGIAN PUBLICATIONS LIMITED
	BLACKMORE VALE PUBLISHING COMPANY LIMITED
	TOWER MAGAZINES LIMITED
	TRINITY MIRROR PRINTING (CARDIFF) LIMITED
	TRINITY MIRROR MERSEYSIDE LIMITED
	TM NORTH AMERICA LIMITED
	TRINITY MIRROR ACQUISITIONS LIMITED
	MGN LIMITED
	TIH (BELFAST) (NOMINEES) LIMITED
	WHITBREAD WALKER LIMITED
	DAILY POST OVERSEAS LIMITED
	BPM MEDIA (MIDLANDS) LIMITED
	LONDON NEWSPAPER GROUP LIMITED
	TRINITY NEWSPAPER GROUP LIMITED
	SALTIRE PRESS LIMITED
	MIRROR GROUP NEWSPAPERS NORTH (1986) LIMITED
	MIDLAND NEWSPAPERS LIMITED
	BIRMINGHAM POST & MAIL (EXHIBITIONS) LIMITED
	KENNYHILL LIMITED
	ANDERSTON QUAY PRINTERS LIMITED
	08000 RECRUIT LIMITED
	ADVERTISER NORTH LONDON GROUP (HOLDINGS) LIMITED
	REACH MAGAZINES PUBLISHING LIMITED
	HUDDERSFIELD NEWSPAPERS LIMITED
	ADVERTISER NORTH LONDON LIMITED
	BURGINHALL 677 LIMITED
	MIRROR COLOUR PRINT SERVICES LIMITED
	LOCAL WORLD LIMITED
	PLANETRECRUIT LIMITED
	RH1 LIMITED
	SCOTTISH DAILY RECORD AND SUNDAY MAIL LIMITED
	TRINITY MIRROR HUDDERSFIELD LIMITED
	WELSH UNIVERSAL HOLDINGS LIMITED
	SCOTTISH AND UNIVERSAL NEWSPAPERS LIMITED
	MIDLAND WEEKLY MEDIA (WOLVERHAMPTON) LIMITED
	OFFICIAL STARTING PRICES LTD.
	GIMMEJOBS LIMITED
	FINANCIAL JOBS ONLINE LIMITED
	GAZETTE MEDIA COMPANY LIMITED
	MIRRORAIR LIMITED
	MIRROR COLOUR PRINT (NORTH) LIMITED
	MGN (86) LIMITED
	SCENE MAGAZINES LIMITED
	MERCURY DISTRIBUTION SERVICES LIMITED
	CHARGESTAKE LIMITED
	ECHO PRESS LIMITED(THE)
	DAILY POST INVESTMENTS LIMITED
	FISH4 LIMITED
	EXAMINER NEWS & INFORMATION SERVICES LIMITED
	FISH4JOBS LIMITED
	I.T. TRADE PUBLISHING LIMITED
	JOB SEARCH LIMITED
	WELSHPOOL WEB-OFFSET CO. LIMITED
	TRINITY MIRROR DIGITAL MEDIA LIMITED
	TRINITY MIRROR DIGITAL LIMITED
	TM LEASING LIMITED
	REACH PRINTING SERVICES (MIDLANDS) LIMITED
	BEAVERBROOK NEWSPAPERS LIMITED
	COMMUNITY MAGAZINES LIMITED
	TRINITY MIRROR LIMITED
	MIDLAND NEWSPAPERS PRINTERS LIMITED
	THIS IS BRITAIN LIMITED
	TRINITY NEWSPAPERS SOUTHERN LIMITED
	NORTH WALES WEEKLY NEWS
	MIDLAND WEEKLY MEDIA (BIRMINGHAM) LIMITED
	TRINITY MIRROR FINANCE LIMITED
	BIRMINGHAM BOAT SHOWS LIMITED(THE)
	TRINITY SHARED SERVICES LIMITED
	TM REGIONAL NEW MEDIA LIMITED
	ARROW INTERACTIVE LIMITED
	THE GREEN MAGAZINE COMPANY LIMITED
	SCENE PRINTING WEB OFFSET LIMITED
	NET RECRUIT UK LIMITED
	TRINITY MIRROR PRINTING (LIVERPOOL) LIMITED
	UNITED MAGAZINES PUBLISHING SERVICES LIMITED
	TM MOBILE SOLUTIONS LIMITED
	MEDIA WALES LIMITED
	RELIANT DISTRIBUTORS LIMITED
	NUNEWS LIMITED
	REACH MAGAZINES WORLDWIDE LIMITED
	TIH (CARDIFF) LIMITED
	MEDIA SCOTLAND LIMITED
	MIRRORAD LIMITED
	REACH REGIONALS LIMITED
	SIGHTLINE PUBLICATIONS LIMITED
	SUNDAY EXPRESS LIMITED
	REACH PRINTING SERVICES (WATFORD) LIMITED
	NORTH WALES INDEPENDENT PRESS LIMITED
	HIGH STREET DIRECT LIMITED
	MEILIN LIMITED
	MIDLAND WEEKLY MEDIA LIMITED
	BLACKFRIARS LEASING LTD.
	MIDDLESEX COUNTY PRESS LIMITED
	TIH (TRUSTEE) LIMITED
	EXPRESS NEWSPAPERS PROPERTIES LIMITED
	CHARLES ELPHICK LIMITED
	DAILY EXPRESS LIMITED
	TIH (CHESTER) LIMITED
	HOT EXCHANGE LIMITED
	HUDDERSFIELD EXAMINER LIMITED
	TRINITY MIRROR NORTH WALES LIMITED
	REACH PRINTING SERVICES LIMITED
	WOOD LANE ONE LIMITED
	FISH4CARS LIMITED
	INSIDER PUBLICATIONS LIMITED
	WOOD LANE TWO LIMITED
	WIRRAL NEWSPAPERS LIMITED
	REACH WORK LIMITED
	TRINITY PUBLICATIONS LIMITED
	SCENE NEWSPAPERS LIMITED
	TRINITY MIRROR DISTRIBUTORS LIMITED
	REACH NETWORK MEDIA LIMITED
	REACH MIDLANDS MEDIA LIMITED
	TIH (PROPERTIES) LIMITED
	THE ADSCENE GROUP LIMITED
	HOTRECRUIT LIMITED
	THE HOTGROUP LIMITED
	WESTERN MAIL & ECHO LIMITED
	VIVID GROUP LIMITED
	AMRA LIMITED
	BUY SELL LIMITED
	REACH SHARED SERVICES LIMITED
	TM TITLES LIMITED
	TOTALLYLEGAL.COM LIMITED
	WORKTHING LIMITED
	TRINITY MIRROR (L I) LIMITED
	TRINITY MIRROR CHESHIRE LIMITED
	LIVERPOOL WEB OFFSET LIMITED
	TRINITY MIRROR PRINTING (NEWCASTLE) LIMITED
	TRINITY WEEKLY NEWSPAPERS LIMITED
	THE BIRMINGHAM POST & MAIL LIMITED
	ASSOCIATED CATHOLIC NEWSPAPERS(1912)LIMITED(THE)
	LLANDUDNO ADVERTISER LIMITED
	MEDPRESS LIMITED
	CONRAD & PARTNERS LIMITED
	BROUGHTON PRINTERS LIMITED
	REACH REGIONALS MEDIA LIMITED
	SUNDAY PEOPLE LIMITED
	REACH NATIONALS LIMITED
	CHESTER CHRONICLE AND ASSOCIATED NEWSPAPERS LIMITED(THE)
	JOBSFINANCIAL LIMITED
	LOCAL WORLD HOLDINGS LIMITED
	SCOTTISH EXPRESS NEWSPAPERS LIMITED
	TRINITY MIRROR PRINTING (BLANTYRE) LIMITED
	REACH MAGAZINES DISTRIBUTION LIMITED
	O.K. MAGAZINES LIMITED
	ODHAMS NEWSPAPERS LIMITED
	GISAJOB LIMITED
	NORTH EASTERN EVENING GAZETTE LIMITED
	REACH DIRECTORS LIMITED
	MG GUARANTEE CO LIMITED
	O K MAGAZINES TRADING CO LIMITED
	MGN (CANADA SQUARE) LIMITED
	MIRROR COLOUR PRINT (LONDON) LIMITED
	EXPRESS NEWSPAPERS
	REACH PLC
	THE EDINBURGH AND LOTHIANS POST LIMITED
	THE CAREER ENGINEER LIMITED
	CITY TELEVISION NETWORK LIMITED
	MAINJOY LIMITED
	EXPORT MAGAZINE DISTRIBUTORS LIMITED
	MG ESTATES LIMITED
	MIRRORGROUP LIMITED
	ENTERPRISE MAGAZINES LIMITED
	BIRMINGHAM LIVE LIMITED
	INFORMER PUBLICATIONS LIMITED
	REACH PRINTING SERVICES (WEST FERRY) LIMITED
	MERSEYMART LIMITED
	METROPOLITAN FREE NEWSPAPERS LIMITED
	MIDLAND UNITED NEWSPAPERS LIMITED
	REACH MAGAZINES LIMITED
	MIRRORTEL LIMITED
	MICROMART (UK) LIMITED
	SYNDICATION INTERNATIONAL (1986) LIMITED
	REACH SOUTHERN MEDIA LIMITED
	NCJ MEDIA LIMITED
	MIRROR PROJECTS LIMITED
	FIRST PRESS PUBLISHING LIMITED
	REACH SECRETARIES LIMITED
	ISLE OF WIGHT NEWSPAPERS LIMITED
	SYNDICATION INTERNATIONAL LIMITED
	CHANNEL ONE LIVERPOOL LIMITED
	MIDLAND INDEPENDENT MAGAZINES LIMITED
	TIH (NEWCASTLE) LIMITED
	REACH PRINTING SERVICES (TEESSIDE) LIMITED
	MIDLAND INDEPENDENT WEEKLY NEWSPAPERS LIMITED
	KENT REGIONAL NEWSPAPERS LIMITED
	COVENTRY NEWSPAPERS LIMITED
	TRINITY MIRROR ACQUISITIONS (2) LIMITED
	TRINITY MIRROR DIGITAL 1 LIMITED
	VIBRANT LIMITED
	WEBSALVO.COM LIMITED
	VECTIS INNOVATIONS LIMITED
	TRINITY MIRROR REGIONAL NEWSPAPERS LIMITED
	WIRE TV LIMITED
	TRINITY MIRROR MARKETING DIRECT LIMITED
	VIVID LIMITED
	TRINITY LIMITED
	TM TOWER MANAGEMENT SERVICES LIMITED
	TRINITY 102 LIMITED
	THE LIVERPOOL DAILY POST AND ECHO LIMITED
	JOBSINHRSOLUTIONS LIMITED
	SMART MEDIA SERVICES LIMITED
	THE ADVERTISER LIMITED
	MG6 LIMITED
	SCOTFREE LIMITED
	BIRMINGHAM POST & MAIL TRUSTEES LIMITED
	SUNDAY BRANDS LIMITED
	OK! MAGAZINE HOLDINGS LIMITED
	ICSCOTLAND LIMITED
	NEWSDAY LIMITED
	MEN INVESTMENT LIMITED
	MIDLAND LEAFLET SERVICES LIMITED
	0800 RECRUIT LIMITED
	EXPRESS PROPERTY MANAGEMENT LIMITED
	MIRROR COLOUR PRINT (LONDON NO. 1 PLANT) LIMITED
	CENTURY COMMUNICATIONS LTD.
	PARKSIDE CONSULTING LIMITED
	SOUTHNEWS TRUSTEES LIMITED
	MGN PROPERTY DEVELOPMENTS LIMITED
	EXPRESS PRINTERS MANCHESTER LIMITED
	INTERNET RECRUITMENT SOLUTIONS LIMITED
	SURREY & BERKSHIRE MEDIA LIMITED
	PEOPLE LIMITED(THE)
	JOBSINUK LIMITED
	MIDLAND WEEKLY NEWSPAPERS LIMITED
	HOT FLIGHTS LIMITED
	NEWCASTLE CHRONICLE AND JOURNAL LIMITED
	JOBSINLAW LIMITED
	PARKSIDE ACCOUNTANCY LIMITED
	MGN (SERVICES) LTD
	PLANET RECRUITMENT LIMITED
	DUNDONIAN PUBLICATIONS LIMITED
	CDE SERVICES LIMITED
	HOT FLATS LIMITED
	INSIDER GROUP LIMITED
	ABERDONIAN PUBLICATIONS LIMITED
	MAYFAIR CELEBS LIMITED
	LANCASHIRE & CHESHIRE COUNTY NEWSPAPERS LIMITED
	MANCHESTER MORNING NEWS LIMITED
	ECHO BUILDING (LIVERPOOL) LIMITED
	INTERNATIONAL DISTRIBUTION 2018 LIMITED

Simon holds no 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.

 

END