PRESS: M&C Saatchi CEO Zaid Al-Qassab to step down - Sky News

(Alliance News) - M&C Saatchi PLC Chief Executive Officer Zaid Al-Qassab will step down in the coming weeks, Sky News reported on Saturday.

Sky News said the departure of the CEO from the London-based advertising and communications agency will be announced next week.

It was reported that Al-Qassab's departure will be accompanied by the appointment of a number of non-executive directors. These will include Nicholas Shott, a former Lazard investment banker.

Al-Qassab took up the role at M&C Saatchi in May 2024.

Following reports of Al-Qassab's departure back in December, the firm said: "While the company is not commenting on any press speculation at this time, the board confirms that succession planning is something it keeps under review."

A spokesperson for M&C Saatchi declined to comment to Sky News on Saturday.

Shares in M&C Saatchi closed up 0.9% at 119.00 pence in London on Friday. The stock has fallen 31% over the last 12 months, giving a market capitalisation of GBP145.5 million.

By Michael Hennessey, Alliance News reporter

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