Published: March 9, 2026 at 8:51 am
The CEO of M&C Saatchi will leave ‘by mutual consent’ at the end of the month less than two years into the role.
Zaid Al-Qassab, former CMO at Channel 4, joined in 2024 to help stabilise the business and it has introduced cost savings amid falling annual revenue.
In an unaudited trading update for the year to 31st December 2025, the advertising and marketing business said like-for-like net revenue is expected to fall around 7%, or around 2.5% excluding Australia – a ‘black hole’ for the business.
Dame Heather Rabbatts, currently non-executive chair, will assume the role of executive chair on an interim basis while the search for a successor gets underway.
Tech powerhouse Vin Murria, a substantial and long-term investor in the business both privately and through her company AdvancedAdvT, has been appointed deputy chair. Murria holds 11.8% of M&C Saatchi while AdvancedAdvT owns 9.8%.
AdvancedAdvT has confirmed this morning that it will not make a takeover bid for M&C Saatchi.