M&C Saatchi PLC Directorate Change (4312W)
December 10 2019 - 1:17PM
UK Regulatory
TIDMSAA
RNS Number : 4312W
M&C Saatchi PLC
10 December 2019
Resignation of Directors
The Board of M&C Saatchi has announced today that the
following Non-Executive Directors have stepped down with immediate
effect: Lord Dobbs, Sir Michael Peat and Lorna Tilbian. Lord
Saatchi, Executive Director, tendered his resignation.
Jeremy Sinclair, Chairman, said:
"We have accepted the decision of these Directors to resign. We
are determined to restore the operational performance and
profitability of the business and are already implementing all of
the recommendations set out in the PwC report we announced last
week. We had started a process to reconstruct our Board with new
Independent Directors. This new Board will have a mandate to
conduct a full review of all aspects of our governance."
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For further information please call:
M&C Saatchi +44 (0)20-7543-4500
David Kershaw, Jeremy Sinclair
Tulchan Communications +44 (0)20-7353-4200
Tom Murray
Numis Securities +44 (0)20-7260-1000
Nick Westlake, Hugo Rubinstein, NOMAD
Charles Farquhar, Corporate Broking
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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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