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
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* [[Roger Selman]] Group Finance Director
 
* [[Roger Selman]] Group Finance Director
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Roger Selman is a chartered accountant with over 20 years sector experience. He was Group Finance Director of International Public Relations plc (formerly Shandwick International plc) from 1994 - 1999, subsequently transferring to The Interpublic Group of Companies. He has also worked as finance director in other marketing services companies.
 
 
* [[Tracey Reid]] Director of HR
 
* [[Tracey Reid]] Director of HR
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Tracey Reid joined Huntsworth in 2005 as Director of HR from Capital Radio plc, now GCAP media plc. Her career in media started with advertising agency Bartle Bogle Hegarty, where she originally worked on the client side as an Account Director. Tracey transferred her people handling skills from clients to employees in her move to Capital Radio in 1994, where she built and shaped the HR function as the business expanded and transformed through a series of acquisitions. Tracey is married with two young daughters.
 
 
* [[Jon Foulds]] Non Executive Chairman
 
* [[Jon Foulds]] Non Executive Chairman
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Jon Foulds has been a director of Huntsworth PLC for five years and is also Chairman. He is a member of the Remuneration Committee and a member of the Nominations Committee. He is a former Chairman of Halifax plc and was previously the Chief Executive of 3i plc. His previous directorships include Mercury Asset Management plc and Eurotunnel plc. He is currently a director of a number of private companies.
 
 
* The Rt Hon [[Francis Maude]] MP Non Executive Deputy Chairman
 
* The Rt Hon [[Francis Maude]] MP Non Executive Deputy Chairman
 
* [[Robert Alcock]]
 
* [[Robert Alcock]]
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Robert Alcock was appointed to the board of directors of Huntsworth in May 2005, following the merger with Incepta Group plc. He is the chairman of the Audit Committee and a member of the Remuneration Committee. He has been a member of the board of directors of Incepta since 2001. He is currently a non executive director of Capita Group plc, where he chairs the Audit Committee and is a member of the Remuneration Committee. He is also chairman of Anglo & Oversees Trust plc and chairman of Next Pension Trustees Limited. Previous positions include group managing director of Norcros plc, European finance director of RJR Nabisco Inc., chief financial officer and senior vice president of Black & Decker Inc., director of Capita Group plc and director of strategic planning for Gulf Oil's international operations.
 
 
* [[Eugene Beard]]
 
* [[Eugene Beard]]
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Eugene Beard is a director of Mattel, Inc., 59 Wall Street Funds, Old Westbury Funds, Inc. and Catalina Marketing Corporation. He has also been chairman and CEO of Westport Asset Fund, Inc. since 1st January 2000. He retired as Vice Chairman, Finance and Operations of The Interpublic Group of Companies, Inc. in December 1999.
 
 
* [[Charles Good]]
 
* [[Charles Good]]
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Charles Good was appointed to the board of directors of Huntsworth in May 2005, following the merger with Incepta Group plc. He is a member of the Audit Committee. He has been a member of the board of directors of [[Incepta]] since 1997. He is managing director of [[Dexia Private Banking]] in London and chairman of [[Ely Fund Managers (Holdings) Limited]]. He is also non executive chairman of [[AI claims Solutions plc]] and non executive chairman of [[Blooms of Bressingham Holdings plc]]. Prior to the acquisition of Citigate, he had been a non executive director of Citigate since 1988. He is a qualified chartered accountant.
 
 
* [[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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===Healthcare===
 
===Healthcare===
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* Avenue HKM http://www.avenuehkm.com/
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* [[Avenue HKM]] http://www.avenuehkm.com/
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* Brand Health International Ltd.
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* [[Brand Health International Ltd.]]
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* Broadstreet http://www.broadstreet.com/
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* [[Broadstreet]] http://www.broadstreet.com/
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* Huntsworth Health
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* [[Huntsworth Health]]
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* Jago Pearce
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* [[Jago Pearce]]
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* PBC Group http://www.pbcgroup.co.uk/
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* [[PBC Group]] http://www.pbcgroup.co.uk/
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* PR Force Belgium
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* [[PR Force Belgium]]
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* VB Communications
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* [[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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