Portland chief Furness quits for ‘new direction’

Poster specialist buyer Portland Outdoor Advertising is to part company with finance director Chris Furness.

Furness’s decision to quit comes as WPP Group moves to enlarge its 33 per stake in Portland to 61 per cent by buying Dentsu-owned CDP’s share in the company. The rest of the equity is owned by the management, with Portland chairman and chief executive Dennis Sullivan holding about 29 per cent.

Furness has worked at Portland for more than four years. He leaves on April 30. He says: “I decided it was time for a directional change in my career. What I do at the end of that is obviously down to me.”

Sullivan, who says he is looking for a replacement, says: “I am sorry he is leaving.”

Furness confirms the group has applied for an extension to submit its 1997 accounts because of the impact of a major fraud at Portland’s office in the Czech Republic, which collapsed last year (MW December 3 1998).

A fraud detection agency was called in to work with the British Embassy and the Czech authorities in an effort to press charges against figures in the Czech advertising industry. Furness,who has no connection, directly or indirectly with the Czech affair, says the company aims to file its 1997 accounts, together with the 1998 accounts, by May 31.

Latest from Marketing Week

NOT REGISTERED? IT'S FREE, QUICK AND EASY!

Access Marketing Week’s wealth of insight, analysis and opinion that will help you do your job better.

Register and receive the best content from the only UK title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work. The more we know about our visitors, the better and more relevant content we can provide for them. And, yes, knowing our audience better helps us find commercial partners too. Don't worry, we won't share your information with other parties, unless you give us permission to do so.

Register now

THE BEST CONTENT

Our award winning editorial team (PPA Digital Brand of the Year) ask the big questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.

THE BIGGEST ISSUES

From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we are your guide.

PERSONAL AND PROFESSIONAL DEVELOPMENT

Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Having problems?

Contact us on +44 (0)20 7292 3711 or email subscriptions@marketingweek.com

If you are looking for our Jobs site, please click here