30 Oct 2012 07:00
DCD Media plc
("DCD" or "the Company")
Board and Executive Changes
The Company announces that after a long and successful career with September Films and DCD Media plc, Sammy Nourmand is stepping down from his role as CEO today and will leave the company at the end of the year. The Board of DCD would like to thank Sammy for his significant contribution to both September Films and DCD.
Following a strategic analysis of the business; DCD also announces a repositioning of its resources to address the significant revenue and growth potential of the North American TV production market. The Company has tasked a dedicated team, led by DCD's key creative talent David Green, with the strategic goal of rapidly growing market share and enhancing its burgeoning US business.
Consequently, David Green has relinquished his corporate role to concentrate on capitalising on the success of September Films and building a strong creative team committed to developing new landmark productions in the USA on a full-time basis.
David Green will remain an ex-officio executive director of the DCD Media Plc main board but steps down as Chairman of DCD today. He commented: "I am absolutely delighted that our major shareholders have recognised the massive opportunity for growth in the US market. DCD has a hugely impressive track record and a peerless reputation in the US; we can and will build on this."
Richard McGuire, Chairman of Timeweave Plc, also a DCD Non-Executive Director, has today been appointed as DCD's Non-Executive Chairman.
In addition, the Company announces that Timeweave Plc's CEO, David Craven, currently a DCD Non-Executive Director has been appointed as DCD's new CEO. David, whose appointment takes effect today, brings significant sector-specific and broad commercial experience to DCD, having held senior roles with News Corporation, UPC Media and Trinity Newspapers.
David Craven commented: "DCD Media is committed to its US expansion programme. We are delighted that David, strongly supported by LA Managing Director Pamela Covais, will be focusing all of his time and efforts on the expanding US market."
The Company is also pleased to announce that it has secured a new commission with an expected gross revenue value of £4.25 million. Further details will be released in due course.
For further information please contact:
David Craven
DCD Media plc
Tel: 020 8563 6976
Stuart Andrews/Charlotte Stranner/Rose Herbert
finnCap
Tel: 020 7220 0500