GEORGE Watt, the chief financial officer of broadcaster STV, is to become chairman of retail promotional group SpaceandPeople.
Mr Watt, who is currently a non-executive director at the Aim-listed business, will step up to chairman on June 29. He replaces Charles Hammond, chief executive of Forth Ports, who is stepping down from the SpaceandPeople board he has served on since 2014.
Mr Hammond said: “It has been a pleasure to chair the company for almost four years, during which we have achieved a level of growth and stability in the business, a focused strategy for the future and a strong board and senior executive team capable of implementing it.
Mr Watt held roles at KPMG in the UK and US before his appointment at STV. He has been a non-executive director of SpaceandPeople since 2014. He takes over the chair as the company moves beyond challenges which it faced in 2016, leading to a £1.2 million pre-tax profit for 2017.
Matthew Bending, chief executive of the group, thanked Mr Hammond for help and guidance, adding: “He has been unrelenting in ensuring the management team focused on the core strengths of the business, and has been an excellent chairman.
“The fact that George Watt is replacing him allows both continuity and a fresh perspective for the company. With huge experience in both the City and media worlds, George is well placed to give advice and guidance to the board and represent shareholders’ interests in the future.”
SpaceandPeople provides space in shopping centres and train stations for companies to promote products or set up temporary sales space.
Why are you making commenting on The Herald only available to subscribers?
It should have been a safe space for informed debate, somewhere for readers to discuss issues around the biggest stories of the day, but all too often the below the line comments on most websites have become bogged down by off-topic discussions and abuse.
heraldscotland.com is tackling this problem by allowing only subscribers to comment.
We are doing this to improve the experience for our loyal readers and we believe it will reduce the ability of trolls and troublemakers, who occasionally find their way onto our site, to abuse our journalists and readers. We also hope it will help the comments section fulfil its promise as a part of Scotland's conversation with itself.
We are lucky at The Herald. We are read by an informed, educated readership who can add their knowledge and insights to our stories.
That is invaluable.
We are making the subscriber-only change to support our valued readers, who tell us they don't want the site cluttered up with irrelevant comments, untruths and abuse.
In the past, the journalist’s job was to collect and distribute information to the audience. Technology means that readers can shape a discussion. We look forward to hearing from you on heraldscotland.com
Comments & Moderation
Readers’ comments: You are personally liable for the content of any comments you upload to this website, so please act responsibly. We do not pre-moderate or monitor readers’ comments appearing on our websites, but we do post-moderate in response to complaints we receive or otherwise when a potential problem comes to our attention. You can make a complaint by using the ‘report this post’ link . We may then apply our discretion under the user terms to amend or delete comments.
Post moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours.
Read the rules here