REG - S4 Capital PLC - Board Appointments

S4 CapitalAnnouncement

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RNS Number : 0093H  S4 Capital PLC  01 May 2025

1 May 2025

 

 

THIS ANNOUNCEMENT CONTAINS INSIDE INFORMATION FOR THE PURPOSES OF ARTICLE 7 OF
THE UK VERSION OF REGULATION (EU) NO. 596/2014 ON MARKET ABUSE ("UK MAR"), AS
IT FORMS PART OF UK DOMESTIC LAW BY VIRTUE OF THE EUROPEAN UNION (WITHDRAWAL)
ACT 2018

 

 

S4 Capital plc

 

("S4 Capital" or the "Company")

 

Board Appointments

 

 

Radhika Radhakrishnan as Chief Financial Officer and Nirvik Singh as an
Independent NED

 

The Company is pleased to announce the appointment of Radhika Radhakrishnan as
Chief Financial Officer with effect from 1 May 2025, succeeding Mary
Basterfield.

 

Radhika was Global Chief Finance Officer of Wavemaker, one of WPPs media
brands at Group M, and at Bartle Bogle Hegarty (BBH), one of Publicis'
creative agencies. Prior to her time at BBH, she was Chief Finance Officer at
20th Century Fox UK and Chief Financial Officer of Hachette Filipacchi UK, now
Hearst Magazines.  Radhika qualified as a Chartered Accountant with Ernst
& Young London and is a Non- Executive Director of the University of
Cambridge Press and Assessment Board.

 

Radhika succeeds Mary Basterfield, who steps down from the Board with effect
from  1  May 2025, and will leave the Company after working closely with
Radhika during a handover period.  The required statement under section
430(2B) Companies Act 2006 in respect of Mary stepping down as a director will
be available on the Company's website.  The Board unanimously thanks Mary for
her hard work and commitment over the last three years and wishes her every
success in her future career.

 

The Company is also pleased to announce the appointment of Nirvik Singh as an
independent Non-executive Director of S4 Capital plc also with effect from 1
May 2025.

Nirvik Singh previously served as Global Chief Operating Officer and President
International of Grey Group, a WPP subsidiary, overseeing operations across
Europe, Latin America, the Middle East, Africa and Asia-Pacific. He has also
led multiple acquisitions in China, India, South Korea, the UAE, the UK and
South Africa, covering sectors such as e-commerce, data analytics and
marketing technology.

 

Beginning his career at Lipton India, a Unilever company, Nirvik transitioned
into advertising, becoming CEO of Grey Group India at 33 and later leading its
expansion into South Asia.  In 2010 he relocated to Singapore, when he was
appointed Chairman and CEO of Grey Asia-Pacific, before assuming his global
role in 2019.

 

He is currently Chairman of Hype Luxury, a luxury mobility aggregator,
Non-executive Director of Shoppers Stop, a $800m market capitalisation retail
company, Non-executive Director and member of the Nomination and Remuneration,
and Risk Committees of Gulf Oil India and an Advisor to Charge Europa, a
Polish EV charging company.

 

Both Radhika and Nirvik will stand for election to the Board at the Annual
General Meeting to be held on 4 June 2025.

 

Sir Martin Sorrell, Executive Chairman of S4 Capital plc, said: "Mary has made
a significant contribution to improving the financial team, systems, processes
and organisation of the company in the three years she has been with us and I
am, personally, sorry to see her go, but wish her every success in the future.

 

On the other hand, we are delighted to welcome Radhika as her replacement.
Radhika has a very strong record in the advertising and marketing services
industry both at WPP and Publicis and she will be working with Mary on a
suitably smooth handover. We are also delighted to welcome Nirvik Singh to the
Board, who has an extensive career and operating experience with WPP,
particularly in APAC and the Middle East."

Radhika Radhakrishnan said: "I am excited to be joining S4, a highly
innovative company which is well positioned to take advantage of our
dynamically changing industry. I look forward to working with the talented
teams globally and helping to cultivate strong client relationships and build
on what is already a very strong client base."

 

Nirvik Singh said: "I am thrilled to be joining the Board of S4 at a time of
great changes in our industry. I believe that S4 is well positioned to take
advantage of the current opportunities, given its focus and expertise on AI
and the availability of its digital, data and tech focused solutions for
clients seeking growth."

 

 

There are no other details to be disclosed in accordance with paragraph 6.4.8R
of the UK Listing Rules.  The person responsible for releasing this
announcement is Caroline Kowall, Company Secretary.

 

Enquiries:

 

S4Capital
Tel: +44 (0)20 3793 0003

Sir Martin Sorrell (Executive Chairman)

 

Sodali & Co (PR Advisor to
S4Capital)                           Tel: +44 (0)
7970 246 725

Elly Williamson

Pete Lambie

 

About S4 Capital

 

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 7,150 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%.

 

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.

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