Difference between revisions of "Huntsworth plc"

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:Huntsworth is the PR and marketing services group headed by [[Lord Chadlington]]([[Peter Gummer]]), previously the founder of [[Shandwick]] (now [[Weber Shandwick Worldwide]]). The company has been transformed by the reverse takeover in 2005 of much larger marketing communications group [[Incepta]], whose portfolio included PR and marketing services brands including [[Citigate]] and [[Dewe Rogerson]]. The enlarged group adopted the Huntsworth name and is run by the smaller company's senior management team. Incepta's portfolio of non-PR businesses was sold on to rival marketing group [[Media Square]] towards the end of 2005. Advertising Age ranked [[Incepta]] as the #12 ad organisation worldwide in 2004 with revenues of $280m. Source: [http://www.mind-advertising.com/uk/huntsworth_uk.htm]
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[[File:Huntsworth.JPG|right|thumb|290px|Huntsworth, 15-17 Huntsworth Mews, London]]
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Huntsworth is the PR and marketing services group formerly headed by [[Lord Chadlington]] ([[Peter Gummer]]), previously the founder of [[Shandwick]] (now [[Weber Shandwick Worldwide]]). Since April 2015 [[Paul Taaffe]], former [[Groupon]] director of communications and [[Hill and Knowlton]] CEO, has been CEO.<ref> Frank Washkuch [http://www.prweek.com/article/1327502/taaffe-reins-huntsworth-ceo-april Taaffe to take reins as Huntsworth CEO in April] ''PR Week'', 22 December 2014, accessed 22 December 2014 </ref>
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==Background==
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The company was transformed by the reverse takeover in 2005 of much larger marketing communications group [[Incepta]], whose portfolio included PR and marketing services brands including [[Citigate]] and [[Dewe Rogerson]]. The enlarged group adopted the Huntsworth name and is run by the smaller company's senior management team. Incepta's portfolio of non-PR businesses was sold on to rival marketing group [[Media Square]] towards the end of 2005. Advertising Age ranked [[Incepta]] as the #12 ad organisation worldwide in 2004 with revenues of $280m. Source: [http://www.mind-advertising.com/uk/huntsworth_uk.htm]
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==Business struggles==
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In 2014 bonus payments to executive directors were scrapped because none of the company's financial targets were met. Former CEO and chairman [[Lord Chadlington]] saw his annual remuneration fall 29.5 percent from £1.003 million to £724,000 and departing COO and finance director [[Sally Withey]] saw her package fall from £730,000 to £575,000 (although she did receive a one-off payment of £590,000 for 'compensation for loss of office' because she was given less that twelve months' notice of her contract being terminated.
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[[Nicky Dulieu]], chair of [[Huntsworth]]'s remuneration committee said:
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:'In 2014, the performance of the group was weaker than anticipated.
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:'Bonuses for the executive directors were based entirely on meeting financial targets, none of which were met. Accordingly, no bonus payments will be made to the executive directors in respect of the 2014 financial year.'
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It has also been announced that [[Paul Taaffe]], who succeeded Chadlington as CEO on 7 April 2015, will receive a base salary of £600,000 and will receive no bonus unless at least 90 percent of pre-tax profit and revenue targets are met.<ref> John Harrington [http://www.prweek.com/article/1347125/former-huntsworth-ceo-lord-chadlingtons-2014-pay-slashed Former Huntsworth CEO Lord Chadlington's 2014 pay slashed] ''PR Week'', 15 May 2015, accessed 18 May 2015.</ref>
  
 
==Group board==
 
==Group board==
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*[[Derek Mapp]], chairman and independent non-executive director
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*[[Paul Taaffe]], CEO
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*[[Andy Boland]], independent non-executive director
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*[[Terence M. Graunke]], independent non-executive director
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*[[Oscar Zhao]], non-executive director
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*[[Tim Ryan]], independent non-executive director
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*[[Nicky Dulieu]], independent non-executive director
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*[[Farah Ramzan Golant]] CBE, independent non-executive director<ref> Huntsworth [http://www.huntsworth.com/overview/board-of-directors.aspx Board of directors], accessed 18 May 2015.</ref>
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===Former===
 
* [[Peter Gummer|Lord Chadlington]] Chief Executive
 
* [[Peter Gummer|Lord Chadlington]] Chief Executive
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*[[Lord Myners]], former chair of Huntsworth
 
* [[Roger Selman]] Group Finance Director
 
* [[Roger Selman]] Group Finance Director
 
* [[Tracey Reid]] Director of HR
 
* [[Tracey Reid]] Director of HR
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* [[Charles Good]]
 
* [[Charles Good]]
 
* [[Anthony Brooke]] Non Executive Director
 
* [[Anthony Brooke]] Non Executive Director
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*[[Richard Sharp]] - Non-executive chairman, and former Goldman Sachs banker <ref> Huntsworth [http://www.huntsworth.co.uk/overview/board-of-directors.aspx Board of directors], accessed 11 April 2012.</ref>
  
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==subsidiaries==
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==Subsidiaries==
 
===Financial and Corporate Communications===
 
===Financial and Corporate Communications===
 
* [[Broadstreet]]
 
* [[Broadstreet]]
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* [[Grayling]]
 
* [[Grayling]]
 
* [[The Global Consulting Group]]
 
* [[The Global Consulting Group]]
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* [[Grayling Global]] 
  
 
===Public Relations===
 
===Public Relations===
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* [[PR Force Belgium]]
 
* [[PR Force Belgium]]
 
* [[PR Force Netherlands]]
 
* [[PR Force Netherlands]]
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* [[Quiller Consultants]]
 
* [[SCPR]] London
 
* [[SCPR]] London
 
* [[The Red Consultancy]]
 
* [[The Red Consultancy]]
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* [[PR Force Belgium]]
 
* [[PR Force Belgium]]
 
* [[VB Communications]]
 
* [[VB Communications]]
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==Contact==
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:'''Address:''' 15-17 [[Huntsworth Mews]],
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:London,
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:NW1 6DD
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:'''Email:''' info@huntsworth.com
  
 
==External links==
 
==External links==
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*Jeremy Pepper, [http://pop-pr.blogspot.com/2005/04/pr-face2facelord-chadlington-chief.html PR Face2Face: Lord Chadlington, Chief Executive, The Huntsworth Group] Tuesday, April 19, 2005
  
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Jeremy Pepper, PR Face2Face: Lord Chadlington, Chief Executive, The Huntsworth Group. Tuesday, April 19, 2005 [http://pop-pr.blogspot.com/2005/04/pr-face2facelord-chadlington-chief.html]
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==Notes==
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<references/>
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[[category:Public relations firms]][[Category:PR Industry]]

Latest revision as of 20:05, 7 September 2015

Huntsworth, 15-17 Huntsworth Mews, London

Huntsworth is the PR and marketing services group formerly headed by Lord Chadlington (Peter Gummer), previously the founder of Shandwick (now Weber Shandwick Worldwide). Since April 2015 Paul Taaffe, former Groupon director of communications and Hill and Knowlton CEO, has been CEO.[1]

Background

The company was transformed by the reverse takeover in 2005 of much larger marketing communications group Incepta, whose portfolio included PR and marketing services brands including Citigate and Dewe Rogerson. The enlarged group adopted the Huntsworth name and is run by the smaller company's senior management team. Incepta's portfolio of non-PR businesses was sold on to rival marketing group Media Square towards the end of 2005. Advertising Age ranked Incepta as the #12 ad organisation worldwide in 2004 with revenues of $280m. Source: [1]

Business struggles

In 2014 bonus payments to executive directors were scrapped because none of the company's financial targets were met. Former CEO and chairman Lord Chadlington saw his annual remuneration fall 29.5 percent from £1.003 million to £724,000 and departing COO and finance director Sally Withey saw her package fall from £730,000 to £575,000 (although she did receive a one-off payment of £590,000 for 'compensation for loss of office' because she was given less that twelve months' notice of her contract being terminated.

Nicky Dulieu, chair of Huntsworth's remuneration committee said:

'In 2014, the performance of the group was weaker than anticipated.
'Bonuses for the executive directors were based entirely on meeting financial targets, none of which were met. Accordingly, no bonus payments will be made to the executive directors in respect of the 2014 financial year.'

It has also been announced that Paul Taaffe, who succeeded Chadlington as CEO on 7 April 2015, will receive a base salary of £600,000 and will receive no bonus unless at least 90 percent of pre-tax profit and revenue targets are met.[2]

Group board

Former

Subsidiaries

Financial and Corporate Communications

Public Affairs

Public Relations

Healthcare

Contact

Address: 15-17 Huntsworth Mews,
London,
NW1 6DD
Email: info@huntsworth.com

External links

Notes

  1. ↑ Frank Washkuch Taaffe to take reins as Huntsworth CEO in April PR Week, 22 December 2014, accessed 22 December 2014
  2. ↑ John Harrington Former Huntsworth CEO Lord Chadlington's 2014 pay slashed PR Week, 15 May 2015, accessed 18 May 2015.
  3. ↑ Huntsworth Board of directors, accessed 18 May 2015.
  4. ↑ Huntsworth Board of directors, accessed 11 April 2012.
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