London-based agency group M&C Saatchi is revamping its management team again with the agency announcing today that CEO Zaid Al-Qassab is departing at the end of the month. He’s been in the role for less than two years. 

Rejoining the board is Vin Murria, whose company AdvancedAdvT Limited ("ADV") made a hostile takeover bid for M&C Saatchi four years ago. The bid was rejected and Murria was ousted from the board.  

Murria and ADV continue to own a combined 22% stake in M&C Saatchi and there was speculation in the UK media that a takeover bid, or a break-up of the company was likely.  

Also joining the board is finance executive Nicholas Shott.  

The revamp is not a surprise as the company issued a profit warning in November that net revenue for 2025 would be significantly lower than previously expected.  

Heather Rabbatts, currently Non-Executive Chair, will assume the role of Executive Chair on an interim basis until a new CEO is appointed.  

Company shares were up 5% on news of the shakeup.