Donald Emslie, Executive Director of SMG has resigned from the Group's Board of Directors and stepped down from his executive role with immediate effect. The news comes the day after the group secure a £193m overdraft facility with lenders, secured until September 2008.
Donald has led the Television business of SMG and more recently acted as the Chief Executive of the Group. He will retain an involvement with SMG until the end of April, performing an advisory role to Chief Executive, Rob Woodward.
Richard Findlay, Chairman of SMG, said: "On behalf of both the Board and the staff of SMG I would like to thank him for
his dedicated service and to wish him every success in the future."
Donald Emslie said: "I am very proud of what we achieved over a very challenging time and I am grateful for the support and
dedication from all of the staff and the management team. There is a very solid platform to build on at SMG and I am positive that the business has a very exciting future.
I believe this is the right time for me to leave to pursue other opportunities but of course I wish Richard, Rob, their team and all the staff every success."
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