9
January 2025
S4 Capital
plc
("S4Capital" or the "Company" or the
"Group")
Management
Change
S4Capital plc (SFOR.L),
the tech-led, new-age/new-era digital advertising, marketing and
technology services company, today announces that Mary Basterfield
has decided to step down from her position as Chief Financial
Officer (CFO). Mary has been with the Company for over three years.
She has a twelve month notice period and will continue working in
her current position, participate in the search for her successor
over the coming months and assist in a smooth and orderly
handover.
Sir Martin Sorrell, Executive
Chairman of S4Capital said, "The Board wants to take
this opportunity to thank Mary wholeheartedly for her hard work and
commitment over the past three years and for her participation in
the transition to a new financial leader. Mary has been
instrumental in improving our finance team, processes and systems,
as well as a collaborative business partner."
Mary Basterfield, CFO of
S4Capital, comments, "I've enjoyed my time working with
Sir Martin, the Board and the wider team and am proud of the work
done by the finance team to strengthen the function. I wish the
Group every success in the future."
In line with its typical reporting
timetable, the Group will publish a 2024 trading statement on 28
January 2025 ahead of full year results on 24 March
2025.
Enquiries to:
|
S4Capital plc
Sir Martin Sorrell, Executive
Chairman
|
Tel: +44 (0)20 3793 0003
|
|
Sodali & Co
(PR adviser to S4Capital plc)
Elly Williamson
Pete Lambie
|
Tel: +44 (0) 7970 246 725
|
This announcement contains inside
information for the purposes of Article 7 of the Market Abuse
Regulation (EU) 596/2014 of 16 April 2014 as it forms part of
English law by virtue of the European Union (Withdrawal) Act
2018.
About S4Capital
Our strategy is to build a purely
digital advertising and marketing services business for global,
multinational, regional, and local clients, and millennial-driven
influencer brands. This will be achieved by integrating leading
businesses in two synchronised practices: Marketing services and
Technology services, along with an emphasis on 'faster, better,
cheaper, more' execution in an always-on consumer-led environment,
with a unitary structure.
The Company now has approximately
7,500 people in 33 countries with approximately 80% of net revenue
across the Americas, 15% across Europe, the Middle East and Africa
and 5% across Asia-Pacific. The longer-term objective is a
geographic split of 60%:20%:20%. At the Group's last full year
results, Content accounted for approximately 60% of net revenue,
Data&Digital Media 25% and Technology Services 15%. The
long-term objective for the practices is a split of
50%:25%:25%.
Sir Martin was CEO of WPP for 33
years, building it from a £1 million 'shell' company in 1985 into
the world's largest advertising and marketing services company,
with a market capitalisation of over £16 billion on the day he
left. Prior to that Sir Martin was Group Financial Director of
Saatchi & Saatchi Company Plc for nine years.
