Last checked at 21 Sep 2018 07:00
M&C Saatchi PLC
21 September 2018
M&C Saatchi PLC ("M&C Saatchi" or "the Company")
Directorial Change
M&C Saatchi plc announces that Jamie Hewitt, Group Finance Director, has informed the Board of his decision to pursue other career opportunities, having worked at M&C Saatchi for almost 15 years. Jamie has a 12 month notice period and will remain in his position until a successor has been recruited to ensure an orderly handover.
Jeremy Sinclair, Chairman of M&C Saatchi, said:
"As group FD, Jamie has done a fantastic job. Our profits have gone from around £10m to £26m, dividends from 3.60p a share to 9.53p. What's equally remarkable, is that he has managed at the same time to be an extremely likeable human being. We will miss him."
Jamie Hewitt said:
"I have much enjoyed my time at M&C Saatchi. We have followed a unique strategy of starting new businesses with exceptionally talented teams, managing to deliver market-beating growth for 19 out of 20 years. Although I am excited at the prospect of new challenges, a part of me will always be at M&C Saatchi.''
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For further information, please contact:
M&C Saatchi plc +44 (0) 207 544 3693
Andy Blackstone, Company Secretary
Numis Securities +44 (0) 207 260 1000
Nick Westlake, NOMAD
Charles Farquhar, Corporate Broking
Tulchan Communications +44 (0) 207 353 4200
Tom Murray