M&C Saatchi CEO's Job at Risk Amidst Investor Pressure

M&C Saatchis CEO, Zaid Al-Qassab, faces potential ousting amidst slowing sales and increased competition. Activist investor Harwood Capital, led by Christopher Mills, has acquired a significant stake, pushing for major changes. The companys shares have plummeted, and a profit warning has been issued, hinting at a seven percent revenue decline. This unfolding situation underscores the challenges in the advertising industry and the intense scrutiny from investors.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.