New Chairman and Chief Executive Officer to take the helm of M&C Saatchi in 2021
Gareth Davis will become Independent Non-Executive Chairman following the close of the Company’s annual general meeting, replacing outgoing Chairman and co-founder, Jeremy Sinclair, who will leave the company on 31 December 2020.
The Board will appoint Moray MacLennan, currently Worldwide CEO, to succeed David Kershaw, Chief Executive Officer and co-founder who will step down by the end of the year, as M&C Saatchi plc’s next Chief Executive Officer. Moray will take up his role and join the Board on 1 January 2021, following a comprehensive handover process.
Bill Muirhead, Executive Director and co-founder, intends to step down from the Board in March 2021.
Following these changes, the new M&C Saatchi plc Board will comprise:
- Gareth Davis, Independent Non-Executive Chairman
- Moray MacLennan, Chief Executive Officer
- Mickey Kalifa, Chief Financial Officer
- Lisa Gordon, Senior Independent Director
- Louise Jackson, Independent Non-Executive Director, Chair Remuneration Committee
- Colin Jones, Independent Non-Executive Director, Chair Audit Committee
Moray MacLennan, Chief Executive Officer, commented:
“I would like to thank Jeremy, Bill and David for their inspiration and support over many years. 25 years ago, M&C Saatchi was founded with the ambition to change the world. That ambition remains. Looking forward we have an opportunity to reset M&C Saatchi for its next chapter and while we will draw on the strengths of the past, the focus will be relentlessly on the future, reflecting and anticipating major changes in society.”
Moray and the Board will share their strategy for future growth at a capital markets day in January 2021.