Centaur Media PLC Swag Mukerji succeeds Andria Vidler as CEO (1148L)
September 04 2019 - 2:01AM
UK Regulatory
TIDMCAU
RNS Number : 1148L
Centaur Media PLC
04 September 2019
4 September 2019
Centaur Media Plc
("Centaur" or "the Group")
Swag Mukerji succeeds Andria Vidler as CEO of Centaur
Centaur Media Plc, an international provider of business
information and specialist consultancy, today announces that Andria
Vidler has decided to step down as chief executive officer of the
Company in order to explore new opportunities. Andria is succeeded
by Swag Mukerji, chief financial officer since 2016. Andria will
continue as a director to work with Swag during September to ensure
a smooth transition before stepping down on 30(th) September
2019.
During her six years at Centaur, Andria spearheaded a
transformation that has seen the business evolve from a traditional
publishing group into an international provider of business
information and specialist consultancy. Under Andria's guidance,
leading brands like Marketing Week, Econsultancy and The Lawyer
benefitted from significant innovation and digital product
development, and Centaur expanded its marketing capabilities with
the acquisitions of MarketMakers and Oystercatchers. The marketing
division has now been reorganised and named Xeim to offer clients
this broader range of products and services. Following the
conclusion of a strategic review in October 2018, Andria oversaw a
disposal programme which has raised more than GBP20 million in
cash, simplified the Group's portfolio and increased focus on
Centaur's core brands.
Swag has extensive experience as CEO and CFO in both listed and
private equity-backed companies, including Biocompatibles
International plc, the listed healthcare company. His other roles
included as CEO of Virgin Drinks and SafetyKleen UK; as group
executive director of First Assist; and as COO and CFO of Priory
Healthcare, reporting to the Chairman.
Centaur's nomination committee has initiated the search for a
new CFO. Until an appointment is made, Swag will retain overall
responsibility for finance.
Colin Jones, chairman, commented:
"Andria has been a driving force in the transformation of
Centaur and I, and the rest of the board, would like to thank her
for the valuable contribution she has made to the Company's
development. Today's Centaur is a stronger and more resilient
business compared to the advertising-dependent publishing group of
six years ago. I wish Andria all the best for the future.
"The board is pleased that Swag has agreed to succeed Andria as
CEO. Swag's important role in Centaur's transformation and
comprehensive understanding of the Company will be of great benefit
in ensuring continuity and delivering value to shareholders."
Andria Vidler said:
"I am incredibly proud of what has been achieved during my time
as CEO of Centaur. The business has undergone a radical
transformation and is unrecognisable from the B2B publisher that I
joined nearly six years ago. Our strategy has delivered a total
shareholder return of more than 30% over the past three years and,
with the recent divestments now completed, I feel it is the right
time for me to step down and hand the reins to Swag, who I am
confident will maintain Centaur's ongoing progress.
"I would like to take this opportunity to thank all Centaurions
for their dedication, good humour and hard work and wish them, and
the business, all the best for the future."
Swag Mukerji said:
"It has been a pleasure to work with Andria over the past three
years and I am delighted with the progress that we made in
improving Centaur. I will continue to drive efforts to grow our
core businesses while ensuring shareholders benefit from the
simplification of the portfolio brought about by our recent
divestments, including the opportunity to increase efficiencies to
improve our margins further. I wish Andria every success with her
future plans."
Enquiries
Centaur Media Plc
Colin Jones, Chairman 020 7970 4000
Andria Vidler, Chief Executive
Officer
Swag Mukerji, Chief Financial
Officer
Teneo
Paul Durman/Rebecca Hislaire 020 7420 3144
Note to editors
Centaur
Centaur is an international provider of business information and
specialist consultancy that inspires and enables people to excel at
what they do, raising the standard for insight, interaction and
impact.
Leading brands include: Econsultancy, Marketing Week, Festival
of Marketing, MarketMakers, Creative Review, Influencer
Intelligence, Fashion & Beauty Monitor, Oystercatchers and The
Lawyer.
This information is provided by RNS, the news service of the
London Stock Exchange. RNS is approved by the Financial Conduct
Authority to act as a Primary Information Provider in the United
Kingdom. Terms and conditions relating to the use and distribution
of this information may apply. For further information, please
contact rns@lseg.com or visit www.rns.com.
END
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