Chime CEO to step down

Satterthwaite, who became chief executive of the firm in 2003, will be succeeded by VCCP’s Adrian Coleman and Matthew Vandrau of Chime Sports Marketing, Campaign has reported.

The two will take on the role of co-chief executives in January 2018, and will retain their roles as chief executive of VCCP and Chime Sports Marketing in addition to their new positions.

In other management changes at the group, Joanne Parker, chief executive of Chime Specialist Group has been named chief operating officer of Chime. VCCP chief marketing officer Stephanie Brimmacombe has been appointed group managing director, and VCCP chairman Charles Vallance has been named head of strategy.

Satterthwaite said: "I have every confidence that both Adrian and Matthew will be strong leaders of the company, supported by Stephanie Brimacombe, Jo Parker and a highly talented overall management team."

He will remain on the board of the company and become a non-executive director alongside Chime chairman Paul Walsh.