Factbox-Who is WPP's new CEO Cindy Rose?
Rose, 59, who has both British and American citizenship, is a graduate of Columbia University and New York Law School and has been a non-executive director on the WPP board since 2019.
Here is a breakdown of her career and some milestones:
MICROSOFT :
* Spent nine years in senior leadership roles
* February 2023 - Present: Chief Operating Officer, Global Enterprise Sales
* October 2020 - February 2023: President, Microsoft Western Europe
* July 2016 - October 2020: Chief Executive Officer, Microsoft UK
* 2019 - helped lead a government study into the competitiveness of the UK's technology sector
* The same year, she was made an Officer of the Order of the British Empire (OBE), awarded by the UK government
VODACOM UK :
* October 2013 - May 2016: Managing Director, Consumer Division
VIRGIN MEDIA:
* November 2009 - June 2013: Executive Director, Digital Entertainment
DISNEY:
* Spent 15 years in various roles
* September 2007 - November 2009: Senior Vice President & Managing Director, EMEA, at Disney Interactive Media Group
* September 2001 - September 2007: Senior Vice President & Regional Managing Director, UK, Ireland, Southern Europe & Middle East at the Walt Disney Company
* October 1998 - September 2001: Vice President Legal & Government Relations
OTHERS:
Rose served as a director at Informa between April 2014 and May 2019, and Talkmobile between July 2014 and April 2016.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Associated Press
32 minutes ago
- Associated Press
Beach Cities Commercial Bank Announces Leadership Changes
IRVINE, Calif.--(BUSINESS WIRE)--Jul 11, 2025-- Beach Cities Commercial Bank (OTCQB:BCCB) announced that President Jeffrey Redeker has separated from the Bank as of June 10, 2025. In addition, H. Kent Falk, Chief Executive Officer, resigned effective June 30, 2025. Bank Board of Directors Chairman Frank Ford and Bank Board of Directors Vice Chair Angela Bienert assumed oversight of the Bank through the Executive Oversight Committee, taking over the daily responsibilities previously held by Mr. Redeker and Mr. Falk. Effective June 18, 2025, the Executive Oversight Committee is composed of Mrs. Bienert and Bank Board Director Jim Riskas. They will continue to oversee the Bank pending hiring of a new President and Chief Executive Officer. Mrs. Bienert, Vice Chair of the Board of Directors, remarked, 'Mr. Redeker and Mr. Falk have been instrumental in the Bank's vision and journey, having served for nearly two years as its founding members. They played key roles in launching the Bank. We extend our best wishes to both as they embark on their future endeavors.' Mrs. Bienert further stated that 'Our highly skilled workforce and experienced management team are confident that Beach Cities Commercial Bank will continue to deliver on its reputation for meeting and exceeding our customers' high standards for satisfying their loan, deposit, banking services and other financial needs. This team has delivered growth while continuing to invest in people, product development, and production capabilities, and the Bank is well positioned to further deliver value to its stakeholders. We are committed to providing our team with the resources they need to continue excelling and while we conduct a search for our next President and Chief Executive Officer.' Corporate Overview Headquartered in Irvine, California, Beach Cities Commercial Bank is a community-based financial institution that provides a range of commercial banking products and services to the communities it serves. As of March 31, 2025, the Bank had total assets of $153.8 million. The Bank is a full-service commercial bank that provides business banking services in Los Angeles, Orange, San Diego and Riverside Counties. Bank services include: account analysis, commercial checking accounts, money market accounts, savings accounts, IOLTA, Online Banking, mobile banking, E-banking, treasury management, Zelle, business lines of credit, business term loans, equipment financing, commercial real estate financing, bridge financing, SBA loans/lines, California state loan guarantee loans, construction loans and other deposit and loan products. The Bank's headquarters office is 100 Progress, Suite 150, Irvine, California 92618, and it has a branch in Encinitas, California. The Bank's website address is FORWARD-LOOKING STATEMENT: This news release contains a number of forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, as amended (the 'Exchange Act'). These statements may be identified using words such as 'anticipate,' 'believe,' 'continue,' 'could,' 'estimate,' 'expect,' 'intend,' 'likely,' 'may,' 'outlook,' 'plan,' 'potential,' 'predict,' 'project,' 'should,' 'will,' 'would' and similar terms and phrases, including references to assumptions. Forward-looking statements are based upon various assumptions and analyses made by the Bank (which includes the Bank) considering management's experience and its perception of historical trends, current conditions and expected future developments, as well as other factors it believes are appropriate under the circumstances. These statements do not guarantee future performance and are subject to risks, uncertainties, and other factors (many of which are beyond the Bank's control) that could cause actual results to differ materially from future results expressed or implied by such forward-looking statements. Accordingly, you should not place undue reliance on such statements. Factors that could affect the Bank's results include, without limitation, the following: the timing and occurrence or non-occurrence of events may be subject to circumstances beyond the Bank's control; there may be increases in competitive pressure among financial institutions or from non-financial institutions; changes in the interest rate environment may reduce interest margins; changes in deposit flows, loan demand or real estate values may adversely affect the business of the Bank; unanticipated or significant increases in loan losses; changes in accounting principles, policies or guidelines may cause the Bank's financial condition to be perceived differently; changes in corporate and/or individual income tax laws may adversely affect the Bank's financial condition or results of operations; general economic conditions, either nationally or locally in some or all areas in which the Bank conducts business, or conditions in the securities markets or the banking industry may be less favorable than the Bank currently anticipates; legislation or regulatory changes may adversely affect the Bank's business; technological changes may be more difficult or expensive than the Bank anticipates; there may be failures or breaches of information technology security systems; success or consummation of new business initiatives may be more difficult or expensive than the Bank anticipates; or litigation or other matters before regulatory agencies, whether currently existing or commencing in the future, may delay the occurrence or non-occurrence of events longer than the Bank anticipates. View source version on CONTACT: Najam Saiduddin, CFO/EVP [email protected] 949.704.2275 KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA INDUSTRY KEYWORD: SMALL BUSINESS BANKING PROFESSIONAL SERVICES FINANCE SOURCE: Beach Cities Commercial Bank Copyright Business Wire 2025. PUB: 07/11/2025 08:56 PM/DISC: 07/11/2025 08:56 PM
Associated Press
32 minutes ago
- Associated Press
Diginex Limited Announces 57% Increase in Revenues and Transformed Balance Sheet for Fiscal Year ended March 31, 2025
LONDON, July 11, 2025 (GLOBE NEWSWIRE) -- Diginex Limited ('Diginex' or the 'Company') (NASDAQ: DGNX), a leading provider of Sustainability RegTech solutions, today announced its financial results for the fiscal year ended March 31, 2025. Fiscal Year ended March 31, 2025 Full-Year Highlights: Post Year End Strategic Highlights Management Commentary 'The year ended March 31, 2025 was a transformative period for the Company, marked by the successful completion of our IPO in January 2025, a 57% increase in revenues and strategic agreements signed during the fiscal year to boost future revenues and client acquisition with leading professional firms such as Russell Bedford International and Baker Tilly Singapore. During the year, we also enhanced our product offerings with the introduction of AI-powered compliance solutions, delivering features such as multi-variant drafting, automated risk reduction, future-proofing for evolving regulations, and improved scalability for users of our Sustainability SaaS reporting platform, diginexESG,' said Mark Blick, Chief Executive Officer of Diginex Limited. 'We achieved overall revenue growth, driven in part, by a significant licensing agreement and ongoing demand for our core ESG reporting and supply chain risk management products. At the same time, we deliberately shifted resources to accelerate the development of diginexESG and diginexLUMEN, which positions us well for long-term growth and recurring revenues at the expense of revenues from one-off mandates via customization projects.' 'We also maintained a disciplined approach to cost management. While general and administrative expenses increased year on year, this was primarily due to IPO related professional fees and the fair value adjustment related to the issuance of preferred shares under an anti-dilution clause following an $8 million capital raise in May 2024. We did, however, achieve cost reductions in employee benefits, IT development and maintenance costs, while continuing to deliver on our product road map, and other discretionary spending. These actions demonstrate our commitment to building a sustainable business model and cost structure that supports future profitability while continuing to fund strategic priorities.' 'We're also excited to have signed a memorandum of understanding on March 17, 2025, to pursue a dual listing of our ordinary shares on the Abu Dhabi Securities Exchange,' said Mr. Blick. 'This planned listing is intended to increase exposure of Diginex to regional and international investors, strengthen our relationships in the Gulf Cooperation Council ('GCC') region, and support Abu Dhabi's strategic focus on sustainable finance. We believe this step aligns with our long-term commitment to expand our global presence.' The memorandum of understanding also contemplates a planned capital raise of up to USD$250 million focused on large institutional investors based in the GCC and a strategic alliance to support business growth in Abu Dhabi and the surrounding GCC region.' 'Importantly, we are advancing our strategy to strengthen and diversify our technology and data capabilities through targeted acquisitions,' continued Mr. Blick. 'Following the close of the fiscal year ended March 31, 2025, we signed two memoranda of understanding to acquire Resulticks and Matter, subject to definitive agreements. These transactions, if completed, would meaningfully expand our AI-driven data management and sustainability analytics capabilities globally, supporting our vision of delivering integrated, high-value solutions to clients worldwide. While both agreements remain subject to due diligence, negotiation and finalizing definitive terms, they demonstrate our commitment to disciplined, strategic growth through carefully selected acquisitions. We see powerful synergies with Resulticks in targeted sustainability marketing at scale, bringing in Matter's sustainability data for company benchmarking and supply chain due diligence through diginexLUMEN, and the provision of AI enabled sustainability reporting capabilities with diginexESG.' 'Looking ahead, we have reason for optimism as our Company is on the leading edge of fundamental changes in the data industry that will drive future growth. We remain committed to investing across the Diginex platforms, enhancing our global market presence both organically and through acquisitions, and managing our operations with discipline to deliver long-term value to our shareholders,' Mr. Blick stated. Revenues For the fiscal year ended March 31, 2025, total revenue increased by $0.7 million to $2.0 million, compared to $1.3 million in the prior year. The increase was primarily attributable to a $0.9 million license fee from the granting of a non-exclusive right to distribute a white-label version of diginexESG. Excluding this transaction, revenue from software subscriptions and licenses remained stable at $0.4 million for the year. Subscription and license fees are generated from sales of diginexESG and diginexLUMEN. Revenue from advisory fees increased modestly to $0.3 million, reflecting an improvement of $0.1 million compared to the prior year. Advisory services includes projects such as developing ESG strategies, conducting ESG materiality assessments or conducting training sessions on a range of ESG topics. The increase in total revenue was partially offset by a decline in revenue from customization projects, which decreased by $0.3 million to $0.4 million for the fiscal year ended March 31, 2025. This reduction was an expected outcome of the Company's strategic decision to allocate more resources to the development and expansion of diginexESG and diginexLUMEN, leading to a temporary reduction in the acceptance of customization projects. 'We are focused on building long-term, sustainable growth across all of our service lines,' said Mr. Blick. 'This year's results highlight the strength of our core subscription business and our ability to unlock additional revenue opportunities through strategic agreements and licensing agreements.' General and Administrative Expenses For the fiscal year ended March 31, 2025, general and administrative expenses increased by $1.0 million to $10.3 million, compared to $9.3 million in the prior fiscal year. This increase was primarily driven by higher professional fees associated with the Company's IPO and a share-based payment expense related to preferred shares issued under an anti-dilution clause triggered by a capital raise completed in May 2024. These higher costs were partially offset by reductions in employee benefits, IT development and maintenance support, while continuing to deliver on our product roadmap, and audit fees. Employee benefits decreased by $0.2 million which was the result of reduced costs associated with the fair value of employee share options granted to employees of $0.5 million and a partially offsetting increase in salaries of $0.3 million. Headcount at March 31, 2025 was 32 and included 23 employees and 9 contractors compared to a headcount of 29 at March 31, 2024, which included 22 employees and 7 contractors. Balance Sheet Highlights At March 31, 2025, net assets of $4.6 million represented a transformation and significant improvement from net liabilities of $23.0 million at March 31, 2024. The improvement was driven by the capitalization of shareholder loans and advances, convertible loan notes and redeemable preferred shares. The capitalization events were triggered by the IPO. The Company's cash position of $3.1 million at March 31, 2025, is also higher than the $0.1 million of cash reported at March 31, 2024. The balance sheet at March 31, 2025, held no interest-bearing debt instruments. 'The strengthening of our balance sheet following our IPO marks an important milestone for the company,' concluded Mr. Blick. 'This enhanced financial position gives us the flexibility to invest in growth, pursue strategic initiatives, and deliver sustainable value to our shareholders. We remain committed to disciplined capital management as we expand our operations, strengthen key partnerships, and execute on our long-term vision to drive innovation and create a lasting impact in our industry.' About Diginex Diginex Limited (Nasdaq: DGNX; ISIN KYG286871044), headquartered in London, is a sustainable RegTech business that empowers businesses and governments to streamline ESG, climate, and supply chain data collection and reporting. The Company utilizes blockchain, AI, machine learning and data analysis technology to lead change and increase transparency in corporate regulatory reporting and sustainable finance. Diginex's products and services solutions enable companies to collect, evaluate and share sustainability data through easy-to-use software. The award-winning diginexESG platform supports 19 global frameworks, including GRI (the 'Global Reporting Initiative'), SASB (the 'Sustainability Accounting Standards Board'), and ISSB (IFRS Sustainability Disclosure Standards). Clients benefit from end-to-end support, ranging from materiality assessments and data management to stakeholder engagement, report generation and an ESG Ratings Support Service. For more information, please visit the Company's website: Forward-Looking Statements Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company's current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as 'approximates,' 'believes,' 'hopes,' 'expects,' 'anticipates,' 'estimates,' 'projects,' 'intends,' 'plans,' 'will,' 'would,' 'should,' 'could,' 'may' or other similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results disclosed in the Company's filings with the SEC. Diginex Investor Relations Email: [email protected] IR Contact - Europe Anna Höffken Phone: +49.40.609186.0 Email: [email protected] IR Contact - US Jackson Lin Lambert by LLYC Phone: +1 (646) 717-4593 Email: [email protected] IR Contact - Asia Shelly Cheng Strategic Financial Relations Ltd. Phone: +852 2864 4857 Email: [email protected]
Yahoo
2 hours ago
- Yahoo
Italy's Dexelance Agrees to Take a Majority Stake in Design Retailer Mohd for 44.3M Euros
MILAN — Furnishings, lighting and contract group Dexelance has entered into the world of omnichannel retail and distribution. On Thursday, the company said it agreed to buy 65 percent of Mohd's share capital for 44.3 million euros. Through the transaction, Dexelance, the first design firm to list its shares on the Milan Stock Exchange, has entered into a binding agreement to purchase 54 percent of the shares held by private equity firm the Quadrivio Group and a portion of the shares held by Mohd's founders, the Mollura family. More from WWD The 10 Best Nordstrom Anniversary Home Deals for Summertime Hosting in Style Brunello Cucinelli Expects Modest Profit Growth in 2025, Sees Sales Up 10 Percent in 2026 After Positive H1 Ulta Beauty Acquires Space NK as It Speeds Up International Expansion In its fiscal year 2024, Mohd reported revenue of about 70 million euros, Dexelance said. Mohd currently has about 100 employees, including a team of architects specialized in the design of environments and interiors, residences, offices, hotels and showrooms. The firm was founded in 1930 as a carpentry business and evolved in modern times into a physical and omnichannel hub for design. It sells design pieces from 500 top brands through its six showrooms, online boutique and its dedicated project design service. It also manages residential and contract projects worldwide. In October 2023, Dexelance opened its first U.S. flagship in New York City that hosts dedicated showrooms for Meridiani, Davide Groppi and — from May 2024 — Gervasoni. In the same year, it bought a majority share in Turri, a luxury furniture business founded in 1925 in Carugo near Lake Como, and last year increased its stake to 100 percent in lighting firm Axolight. In a statement, Dexelance chief executive officer Andrea Sasso was enthusiastic about acquiring the commercial operator with a global reach. 'We are acquiring one of the best Italian commercial operators in the design sector…capable of offering a unique and personalized experience to architects and end customers, with the aim to further enhance Mohd and offer a qualitative and personalized service to all types of clients, drawing on the expertise of its architects in order to optimize design and distribution, including through the digital channel,' Sasso said. The Mollura family is expected to remain at the helm of the company. The transaction is expected to be finalized by the end of 2025. Dexelance, which listed its shares on the Milan Bourse in 2023, has been eyeing acquisitions worldwide. Earlier this year, the Milan-based group acquired a majority stake in Roda Group, which owns luxury outdoor furniture-maker Roda. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
