REG - S4 Capital PLC - Management Change

S4 CapitalAnnouncement

09/01/2025 07:00

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RNS Number : 6611S  S4 Capital PLC  09 January 2025

9 January 2025

 

S4 Capital plc

("S(4)Capital" or the "Company" or the "Group")

 

Management Change

 

S(4)Capital 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 S(4)Capital 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 S(4)Capital, 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:

 

 S(4)Capital plc                                        Tel: +44 (0)20 3793 0003

 Sir Martin Sorrell, Executive Chairman

 Sodali & Co  (PR adviser to S(4)Capital plc)           Tel: +44 (0) 7970 246 725

 Elly Williamson

 Pete Lambie

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 S(4)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 7,500 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.

 

 

 

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