Strategic comms company SEC Newgate has appointed a brand new board of administrators to deal with the adjustments arising from its delisting and take care of its relationship with personal fairness fund Three Hills Capital Accomplice, which is offering €50m to finance the plan.
Fiorenzo Tagliabue has been confirmed as chief government, with Emma Kane, Tom Parker and Brian Tyson as deputies. SEC mentioned this leaves the “spine of the strategic administration unchanged”.
The board can be chaired by Enrico Tommaso Cucchiani, former group chief government of Intesa San Paolo and member of the chief board of Allianz.
“We at the moment are coming into into a brand new stage of our growth and the ambitions of our undertaking are mirrored by this new board, the place stable expertise in worldwide finance and savvy understanding of our enterprise are effectively balanced,” mentioned Tagliabue.
“I welcome on board our new chairman, and the newly appointed administrators, and want to thank them for the belief and enthusiasm they confirmed to us, and the total understanding of the rationale behind our transformational undertaking.”
SEC Newgate’s income hit $106 million in 2021.