21 November 2024
The Mission Group
plc
("MISSION" the "Company" or
the "Group")
BOARD
CHANGE
The MISSION Group plc (AIM: TMG) the Brand
Performance Group, comprising of digital marketing and specialist
communications Agencies, announces that James Clifton, Group Chief
Executive Officer, has informed the Board that he will step down
from his role as Chief Executive Officer to pursue a new
opportunity and accordingly has resigned as a director of the
Company, with immediate effect.
The Board is pleased to announce
that Mark Lund OBE, Non-Executive Director, has been appointed
Interim Group CEO. Mark joined the MISSION Board in September 2022
following a successful career in Advertising and Marketing, during
which he co-founded leading independent agency DLKW (now Mullen
Lowe) and most recently was President of McCann Worldgroup UK and
Europe. He is currently Non-Executive Chair of Smart Energy
GB and the Advertising Standards Board of Finance (ASBOF) which
funds the advertising self- regulation system in the UK carried out
by the Advertising Standards Authority (ASA).
As Interim Group CEO of MISSION, Mark will oversee Group
operations, whilst continuing to develop and implement the Group's
strategy to create long-term value for shareholders by achieving
profitability targets and deleveraging and strengthening
MISSION's balance sheet,
all of which remain on track. The Board intends to commence a
search process for a new CEO and will provide an update in due
course.
David Morgan, MISSION's Non Executive Chair
commented:
"I have personally greatly enjoyed
working with James. On behalf of the Board I would like to thank
James for his dedication, expertise, flair and his significant
contribution to MISSION
during his time with the business. We wish him well in his new
opportunity.
"I am very pleased that Mark has
agreed to lead our business in the interim. He has been integral to
our strategic planning and development this year and his wealth of
industry experience and dynamic leadership will keep us on course
to drive forward on behalf of our shareholders, employees and
Clients."
James Clifton commented:
"I have been very proud to
lead MISSION over
the last five years. With firm foundations and a highly talented
Leadership Team in place, the MISSION feels set fair for 2024 and
beyond. As such now feels like the right time to take on my next
challenge, outside the Group. I wish David, Mark and the entire
team the very best for the future."
Mark Lund commented:
"I'm delighted to step into this
interim role and look forward to working closely with MISSION's entrepreneurial Agency teams
as we continue to deliver against our strategy and set our
direction for further progress in 2025 and beyond."
ENQUIRIES
|
David Morgan, Executive
Chair
Giles Lee, Chief Financial
Officer
The MISSION Group plc
|
Via Houston
|
|
Simon Bridges/Andrew Potts/Harry
Rees
|
|
|
Canaccord Genuity Limited (Financial Adviser, Nominated Adviser and Broker)
|
020 7523 8000
|
|
|
|
|
|
|
|
Peter Tracey
Blackdown Partners Limited (Financial
Adviser)
|
020 3807 8484
|
|
Kate Hoare / Alexander Clelland /
India Spencer
|
|
|
HOUSTON (Financial PR and
Investor Relations)
|
0204 529 0549
|
NOTES TO EDITORS
The MISSION Group Plc. is The Brand Performance
Group.
Delivering measurable,
results-driven campaigns as the preferred creative partner for real
business growth. We offer top-tier agencies, strategic specialisms
and global reach delivering outstanding performance for brands. We
call it Work That
Counts™ www.themission.co.uk
The information contained within
this announcement is deemed to constitute inside information as
stipulated under the Market Abuse (Amendment) (EU Exit) Regulations
2019. Upon the publication of this announcement, this inside
information is now considered to be in the public
domain.