Ocean Outdoor Limited Appointment of Ursula Burns as Board Advisor
March 22 2021 - 10:08AM
RNS Non-Regulatory
TIDMOOUT
Ocean Outdoor Limited
22 March 2021
22 March 2021
Ocean Outdoor Limited
("Ocean" or the "Company" or the "Group")
Appointment of Ursula Burns as Board Advisor
Ocean Outdoor Limited (LSE: OOUT), a leading operator of premium
Digital Out-of-Home ("DOOH") advertising in the United Kingdom, the
Netherlands, the Nordics and Germany, is pleased to announce the
addition of Ursula Burns as a Board Advisor, effective April 1,
2021.
Ursula Burns has extensive international experience in large
companies confronting technology change of their industries. In
June 2017 she was appointed as Chairman of VEON Ltd. She became
Chairman and CEO in December 2018 until June 2020. Burns joined
Xerox as an intern in 1980 and ended as the Chairman of the Board
of the Xerox Corporation from 2010 to 2017.
U.S. President Barack Obama appointed Ursula to help lead the
White House national program on Science, Technology, Engineering
and Math (STEM) from 2009-2016. She also provides leadership
counsel to several other community, educational and non-profit
organisations.
Ursula, who regularly appears on Fortune's and Forbes' list of
the world's most powerful women, is a board director of Exxon
Mobil, Nestlé and Uber-and has served as a past board director for
American Express and Diageo. She is also on two Pre-IPO boards -
Waystar and IHS Towers. In addition, Mrs. Burns currently serves as
Senior Advisor of Teneo Ltd.
Mrs. Burns has received awards from the National Academy of
Engineering, American Academy of Arts and Sciences and Royal
Academy of Engineering.
For further information please contact:
Ocean Outdoor
Tim Bleakley, CEO
Susann Jerry, Head of Corporate Communications 020 7292 6161
Yellow Jersey PR
Charles Goodwin
Annabel Atkins 0774 778 8221
About Ocean Outdoor
Ocean Outdoor operates some of the most prestigious digital
out-of-home (DOOH) locations in the UK, Northern and Continental
Europe. The Group portfolio includes 4,000 screens in seven
countries and 270 cities.
In the UK, Ocean operates the most iconic DOOH locations
including the BFI IMAX; the Landsec Piccadilly Lights; and has a
significant presence in the top 13 UK cities. Ocean's high-profile
landlords and partners include Birmingham, Manchester, Glasgow and
Southampton City Councils, Landsec, Unibail-Rodamco-Westfield, the
BFI and Intu. A continued focus on Ocean's Digital Cities for
Digital Citizens philosophy has significantly augmented the Group's
position as an operator of high quality DOOH assets. Ocean
continues to deliver good organic development through new City
tender wins, the rollout of new locations in Scotland, London, the
West Midlands and Manchester and significant screen investment.
Strategic acquisitions that complement the existing DOOH
portfolio remain a strategic pillar of the growth programme. This
continued with three Dutch acquisitions in spring 2019, giving the
company a significant share of the Netherlands market where it has
become a major DOOH player. These subsidiaries have since been
rebranded as Ocean Outdoor Netherlands.
In September 2019, Ocean acquired the assets of Visual Art, a
Sweden based independent, pure-play DOOH media and tech group which
operates in three Nordic countries (Sweden, Norway, Denmark) and
key cities in Germany. This transaction expands Ocean's portfolio
across 23 Unibail-Rodamco-Westfield shopping malls in Europe, in
addition to holding the exclusive external rights to two of the
largest premium urban shopping malls in Europe: Westfield London
and Westfield Stratford in the UK.
In February 2020, Ocean closed the acquisition of AdCityMedia, a
Sweden-based premium out-of-home and digital screen tech operator
focused on large format digital and high-end city centre locations
across Sweden, Norway, Denmark and Finland. The combined entities
of Visual Art and AdCityMedia, referred to as Ocean Outdoor
Nordics, creates the leading DOOH operator in the region.
END
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