REG - Mission Group PLC - Directorate Change

MissionAnnouncement

21/11/2024 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20241121:nRSU0399Na&default-theme=true

RNS Number : 0399N  Mission Group PLC (The)  21 November 2024

21 November 2024

The Mission Group plc

("MISSION" the "Company" or the "Group")

 

BOARD CHANGE

 

The MISSION Group plc (AIM: TMG) the Brand Performance Group, comprising of
digital marketing and specialist communications Agencies, announces that James
Clifton, Group Chief Executive Officer, has informed the Board that he will
step down from his role as Chief Executive Officer to pursue a new opportunity
and accordingly has resigned as a director of the Company, with immediate
effect.

 

The Board is pleased to announce that Mark Lund OBE, Non-Executive Director,
has been appointed Interim Group CEO. Mark joined the MISSION Board in
September 2022 following a successful career in Advertising and Marketing,
during which he co-founded leading independent agency DLKW (now Mullen Lowe)
and most recently was President of McCann Worldgroup UK and Europe.  He is
currently Non-Executive Chair of Smart Energy GB and the Advertising Standards
Board of Finance (ASBOF) which funds the advertising self- regulation system
in the UK carried out by the Advertising Standards Authority (ASA).

 

As Interim Group CEO of MISSION, Mark will oversee Group operations, whilst
continuing to develop and implement the Group's strategy to create long-term
value for shareholders by achieving profitability targets and deleveraging and
strengthening MISSION's balance sheet, all of which remain on track. The Board
intends to commence a search process for a new CEO and will provide an update
in due course.

 

David Morgan, MISSION's Non Executive Chair commented:

"I have personally greatly enjoyed working with James. On behalf of the Board
I would like to thank James for his dedication, expertise, flair and his
significant contribution to MISSION during his time with the business. We wish
him well in his new opportunity.

 

"I am very pleased that Mark has agreed to lead our business in the interim.
He has been integral to our strategic planning and development this year and
his wealth of industry experience and dynamic leadership will keep us on
course to drive forward on behalf of our shareholders, employees and Clients."

 

James Clifton commented:

"I have been very proud to lead MISSION over the last five years. With firm
foundations and a highly talented Leadership Team in place, the MISSION feels
set fair for 2024 and beyond. As such now feels like the right time to take on
my next challenge, outside the Group. I wish David, Mark and the entire team
the very best for the future."

 

Mark Lund commented:

"I'm delighted to step into this interim role and look forward to working
closely with MISSION's entrepreneurial Agency teams as we continue to deliver
against our strategy and set our direction for further progress in 2025 and
beyond."

 

 

 

ENQUIRIES

 

 David Morgan, Executive Chair

 Giles Lee, Chief Financial Officer                                            Via Houston

 The MISSION Group plc

 Simon Bridges/Andrew Potts/Harry Rees
 Canaccord Genuity Limited (Financial Adviser, Nominated Adviser and Broker)   020 7523 8000

 Peter Tracey                                                                  020 3807 8484

 Blackdown Partners Limited (Financial
 Adviser)

 Kate Hoare / Alexander Clelland / India Spencer
 HOUSTON (Financial PR and Investor Relations)                                 0204 529 0549

 

 

NOTES TO EDITORS

 

The MISSION Group Plc. is The Brand Performance Group.

Delivering measurable, results-driven campaigns as the preferred creative
partner for real business growth. We offer top-tier agencies, strategic
specialisms and global reach delivering outstanding performance for brands. We
call it Work That Counts™ www.themission.co.uk
(http://www.themission.co.uk/)

 

The information contained within this announcement is deemed to constitute
inside information as stipulated under the Market Abuse (Amendment) (EU Exit)
Regulations 2019. Upon the publication of this announcement, this inside
information is now considered to be in the public domain.

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  BOAVBLFLZFLLFBZ