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Sorrell's S4 Capital bolsters board with Colin Day appointment

August 02, 2022 at 02:25 am EDT

LONDON (Reuters) - S4 Capital, the digital advertising group that has lost 80% of its stock market value this year, has appointed British business veteran Colin Day to its board to help oversee its audit and risk requirements.

The company, built by Martin Sorrell, cut its earnings outlook last month due to surging costs, and was forced to delay the publication of results earlier this year when the auditor said it was not ready to release them.

It said on Tuesday it would appoint Day as a non-executive director. He has previously sat on boards including Reckitt Benckiser, Sorrell's former group WPP, Cadbury, Imperial Brands and easyJet.

S4 also appointed Chris Martin, a co-founder of MightyHive, as its chief operating officer.

(Reporting by Kate Holton. Editing by Andrew MacAskill)

Stocks mentioned in the article

Add to a list Add to a list 0 selected To use this feature you must be a member Log in Sign up	Price	Change	5d. change	Capi.
RECKITT BENCKISER GROUP PLC	4,167 GBX	+0.68%	-0.79%	36.54B
IMPERIAL BRANDS PLC	1,774 GBX	+1.46%	+3.44%	18.83B
EASYJET PLC	535.2 GBX	+0.98%	+1.56%	5B
PREMIER FOODS PLC	149.8 GBX	+0.13%	+1.49%	1.61B
WPP PLC	774.2 GBX	+0.36%	+1.12%	10.31B

Martin Sorrell

Mr. Martin S. Sorrell is an Executive Chairman at S4 Capital Plc. He is on the Board of Directors at Cherwell Films LLP, Clyde Films LLP, J.M.S. Financial Services Ltd., JMS Financial Services (No. 2) Ltd., Pruway Investments Ltd., The Bloomberg Family Foundation, Inc., Alpha Topco Ltd., Formula One Holdings Ltd., The Carnegie Hall Corp. and Thrombosis Research Institute. Mr. Sorrell was previously employed as an Independent Director by Alcoa, Inc., a Non-Executive Director by ASATSU-DK, Inc, a Group Chief Executive Officer & Executive Director by WPP Plc, a Non-Executive Director by Alpha Topco Ltd., a Non-Executive Director by Colefax Group Plc, an Independent Director by Howmet Aerospace, Inc., a Director-Finance Group by Saatchi & Saatchi PLC, a Trustee by The Carnegie Hall Society, Inc., a Trustee by The Conference Board, Inc., a Chairman by The International Business Council, a Chairman-International Business Council by The World Economic Forum USA, Inc., a Non-Executive Director by Delta Topco Ltd., and a Chief Executive Officer by WPP Group USA, Inc. He also served on the board at Nasdaq, Inc. He received his MBA from Harvard Business School.

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Linked companies
S4 CAPITAL PLC	Founder
S4S Ventures S4S Ventures Investment ManagersFinance S4S Ventures (S4S Ventures) is a venture capital firm founded in 2022 by Sanja Partalo and Martin Stuart Sorrell. The firm is headquartered in New York.	Founder