Sep 6 2017

Management Consulting Group PLC – Board of directors #waldron #wealth #management


Alan Barber – Chairman

Alan Barber, aged 69, joined the Board in April 2005 as a non-executive director and was appointed Executive Chairman on 19 February 2008. He relinquished his executive duties on 31 December 2010 and is now non-executive Chairman. He is a non-executive director of JP Morgan Japanese Investment Trust PLC. He is a former non-executive director of Witan Pacific Investment Trust PLC, PLC and Teather Greenwood Holdings PLC and was a partner in KPMG’s London office until 2004. He is a member of the Nominations Committee.

Nicholas Stagg – Chairman and Chief Executive

Nicholas Stagg, aged 57, was appointed Executive Director on 21 October 2009, Chief Executive with effect from 1 July 2010, and Chairman and Chief Executive with effect from 1 January 2017. He graduated in physics at University College, London and joined Thomson McLintock in 1981, where he qualified as a Chartered Accountant. He worked in property investment companies before becoming group managing director of Lambert Smith Hampton PLC. Subsequently he was managing director of W S Atkins International PLC and then first COO and then CEO of Teather Greenwood Holdings PLC, where he was responsible for the development of the business and its eventual sale to Landsbanki in 2005 and then Straumur in 2008.

Michael Comras – Finance Director

Michael Comras, aged 61, was appointed Finance Director on 30 May 2017. He qualified as a Chartered Accountant in 1978 and subsequently worked for a wide range of businesses, both public and private, including financial services, shipping, businesses, property and wealth management.”

Marco Capello – Non-Executive Director

Marco Capello, aged 56, joined the Board on 18 June 2010. He is the founder and managing partner of BlueGem Capital Partners LLP. From 2002 to 2006 he was a managing director of Merrill Lynch Global Private Equity. Previously he worked for over 18 years at First Boston, Wasserstein Perella and,since 1994 at Merrill Lynch. During his career in investment banking he worked primarily in mergers and acquisitions both in New York and London. Mr Capello holds an MBA frm Columbia University in New York. He graduated in Civil Engineering from the Politecnico di Torino. He is a board member of Olicar S.p.A, The Private Clinic Limited, Fintyre S.p.A, Neomobile S.p.A. Liberty Ltd and Ufi Filters S.p.A. He is a member of the Remuneration Committee and the Nominations Committee.

Fiona Czerniawska – Non-Executive Director

Fiona Czerniawska, aged 56, joined the Board on 10 March 2017. She is the founder and director of Source Global Research. Prior to this, she was director of strategy and planning for EY in the UK, and head of research for the Management Consultancies Association, and has more than 25 years’ experience in the management consulting industry. Fiona has a PhD from the University of London and is a graduate of Oxford University. She is a director of the Source Information Services Limited.

Emilio Di Spiezio Sardo – Non-Executive Director

Emilio Di Spiezio Sardo, aged 39, joined the Board on 18 June 2010. He is a partner of BlueGem Capital Partners LLP. Before joining BlueGem as a partner, in 2007, he worked in London as a hedge fund manager at York Capital Management, a global multi-strategy hedge fund with approximately US$10 billion under management. Before that he worked for six years in investment banking at Merrill Lynch in London and Rome. Mr Di Spiezio Sardo graduated summa cum laude in Economics and Finance from Bocconi University in Milan. He is a board member of Olicar S.p.A, The Private Clinic Limited, Fintyre S.p.A, Neomobile S.p.A. and Liberty Ltd.

Julian Waldron – Non-Executive Director

Julian Waldron, aged 53, joined the Board on 8 October 2008. He is a UK citizen residing in France. He is currently chief financial officer of Technip, a French listed group providing project management, engineering and construction services for the oil and gas industry, which he joined in October 2008. Prior to this he was a managing director in corporate finance at UBS Warburg and the chief financial officer of Thomson SA. He is Chairman of the Audit & Risk Committee and a member of the Remuneration Committee and the Nominations Committee.

Charles Ansley – Company Secretary

Charles Ansley, aged 66, was appointed Company Secretary in April 2007, having joined the Group in 2001. He graduated in Law at the University of Sheffield and subsequently worked in the London office of KPMG. He is a qualified Chartered Accountant.

MCG facts report

Group history

2011 Ineum Consulting and Kurt Salmon Associates merged to become Kurt Salmon, a stronger, more global consultancy business.

2010 Nick Stagg was appointed Chief Executive from 1 July. Alan Barber remained Executive Chairman until the beginning of 2011 when he transitioned to Non-executive Chairman.

2010 Management Consulting Group PLC raised £25 million through a firm placing, placing and open offer of new ordinary shares and warrants. Through this fundraising BlueGem Capital Partners LLP became an active, long term cornerstone investor in the business.

2008 Parson Consulting was restructured, merged into Ineum Consulting and the brand name discontinued. Viaduct Consulting was merged into Ineum Consulting.

2008 Chairman, Rolf Stomberg, and Chief Executive, Kevin Parry, left the Group. Alan Barber became Executive Chairman and the heads of Alexander Proudfoot, Ineum Consulting and Kurt Salmon joined the Main Board.

2007 The Group acquired Kurt Salmon Inc. a consultancy business specialising in the global consumer goods and retail industry and the US healthcare industry.

2007 The Group purchased CBH Consultants Inc. which operates predominantly on the west coast of the USA. This business was rebranded CBH Consulting. This business was subsequently merged with Parson Consulting.

2007 Viaduct Consulting was established to provide commercial due diligence services to corporate and financial buyers.

2006 The Group purchased 51% of the Salzer Group, which was then rebranded Salzer Consulting, a business operating in Greater China and throughout the Asia Pacific region. In 2008 this stake was sold back to its original owners.

2006 The Group purchased Ineum Consulting, the former French Deloitte Consulting business

2002 A new issue of shares raised £39 million which was used to finance the acquisition of Parson Consulting, a US financial management consultancy and its expansion to London, Paris and Sydney.

2001 The Group acquired Czipin Partners, a business similar to Proudfoot, primarily based in Germany and Austria

2001 Proudfoot PLC changed its name to Management Consulting Group PLC.

2000 Proudfoot PLC purchased IMR Europe, a Proudfoot clone with significant presence in France and Spain.

2000 Proudfoot Japan was sold for £28.5 million in an MBO to its management.

2000 Proudfoot PLC raised £6.74 million with a placing and open offer

1999 Following a strategy review the Chairman, Rolf Stomberg, and the non-executive directors recruited a new management team led by Chief Executive Kevin Parry.

1990s The business declined during the 1990s under a succession of chief executives.

1994 Proudfoot PLC raised £9.6 million in a 2 for 7 rights issue at 60p per new ordinary share.

1993 Alexander Proudfoot PLC changed its name to Proudfoot PLC.

1991 Alexander Proudfoot PLC acquired Indevo, a strategy consultancy with its main office in Stockholm. This business was partly sold and the remainder closed in 1993.

1989 Proudfoot opened an office in Johannesburg, South Africa.

1989 Alexander Proudfoot PLC acquired Philip Crosby Associates, then a publicly traded company on the US Stock Exchange. This business declined in the mid-1990s, was closed in 1996 and partly resold to its original owner in 1997.

1987 Via a reverse takeover of City and Foreign Holdings PLC, Alexander Proudfoot PLC was listed on the London Stock Exchange.

1980s To increase its global reach Proudfoot opened an office in Singapore, followed shortly thereafter by one in Sydney. By the late 1980s Proudfoot had offices throughout the Asia-Pacific region.

1970s Proudfoot commenced operations in Europe, opening an office in London.

1960s Proudfoot began its expansion out of Chicago, initially within the USA and then in partnership with Unibanco in Brazil.

1946 Mr Alexander “Alec” Proudfoot founded the Alexander Proudfoot Company in Chicago, USA. He headed the firm until his death in 1968, when the senior management purchased the company from his widow.

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