Stephen Joseph, the important running and monetary officer of Ocean Out of doors, has been appointed Ocean’s pristine staff important govt. Efficient from 1 January 2025, Joseph will prevail Tim Bleakley who, upcoming 14 years as CEO, will change into chairman of the board of administrators.
In line with Ocean’s remark at the progress, the transition to Joseph’s management is a part of a long-planned CEO succession procedure.
Bleakley mentioned it have been a privilege to manage the crew for this era.
He added: “As we input the upcoming degree of our move, now could be the best date for a transition of management.
“Stephen is a proven leader with deep expertise in the outdoor advertising business, and he is the right person to lead Ocean in the company’s next phase of growth. I look forward to continuing to work closely with Stephen and the board to ensure a seamless transition and execute on our ambitious plans.”
Joseph joined Ocean as important monetary officer on the identical date as Bleakley turned into CEO in 2009. The joint function of important running officer used to be added to Joseph’s remit in 2015. Earlier than becoming a member of Ocean, he used to be a supervisor at accountancy company BDO UK. He additionally spent greater than 4 years as laborer supervisor at KPMG.
Following the changeover upcoming hour, flow board chair Melissa Bethell will “remain an active member of the Ocean Group board”. Her actual function has now not been specified.
Bethell has been chair since 2022 when Ocean delisted from the London Keep Alternate and turned into a spouse of sovereign strategic funding corporate Atarios.
Bethell mentioned: “In the name of Atairos, Ocean’s majority proprietor, and the overall Ocean board, I want to thank Tim for his management and lots of contributions to Ocean over his tenure.
“Tim has worked closely with the full board to develop a thoughtful and robust succession plan, for which we are immensely grateful. Under Stephen’s leadership and with Tim’s continuing guidance as board chairman, we are confident that Ocean’s best days lie ahead.”
