Basham quits post as P&MM prospers

P&MM group managing director David Basham has resigned from his position at the agency after 13 years.

Basham took the decision to leave for personal reasons and will not be replaced. The four remaining directors - Nigel Cooper, David Lebond, John Sylvester and Sue Hocken - will run the business as a partnership.

Cooper is responsible for travel, Lebond for sales promotion, Sylvester for motivation and Hocken is finance director.

"The business will carry on as normal but run as a partnership with each director having an equal say,

said Cooper. "We have all taken on slightly more responsibility to cope with David's departure but that is all.

Cooper added that Basham did not leave to join another agency and would not be returning to P&MM.

"We are also working more closely with our non-executive group chairman David Hill. He will now become the figurehead of the business, as Basham was,

he added.

P&MM has also just released its first quarter financial results. Cooper said: "We are 50% up on last year in the travel and events department and the agency as a whole is 20% up on 2001.

"Post 11 September we lost around £500,000 in business, but most of that was rebooked for the beginning of this year. We are £1m up on this time last year and are forecasting a record year for profits. Just one of our recent account wins on the motivation side was worth £4m,

he said.

P&MM has just completed a major product launch for Range Rover and Cooper said two more launches of a similar nature are planned for later in the year.

Have you registered with us yet?

Register now to enjoy more articles
and free email bulletins.

Register now
Already registered?
Sign in
'Four-poster bed, copper bath and gorgeous furnishings': a night at Down Hall Hotel

'Four-poster bed, copper bath and gorgeous furnishings': a night at Down Hall Hotel

C&IT's associate editor reviews a country house hotel dating back to 1322 with Italianate architecture and luxury interiors.

The charity ball with a projection-mapped 'Wheel of Fortune'

The charity ball with a projection-mapped 'Wheel of Fortune'

Country estate Alrewas Hayes hosted the 25th anniversary of the Hope and Homes for Children fundraiser.

2020's most popular incentive destinations

2020's most popular incentive destinations

In our State of the Industry: Incentives report, we look at the top countries and cities over the past year.

Cancellations and deferrals: How global agencies are reacting to coronavirus

Cancellations and deferrals: How global agencies are reacting to coronavirus

As IBTM APAC gets postponed, agencies tell C&IT what they are doing to meet the challenges posed by the outbreak.

IBTM APAC 2020 postponed over coronavirus

IBTM APAC 2020 postponed over coronavirus

Organisers have postponed the inaugural IBTM Asia Pacific due to the Coronavirus outbreak.

How are incentive budgets changing in 2020?

How are incentive budgets changing in 2020?

Budgets increases come despite fears over economic uncertainty, according to the State of the Industry 2020: Incentives report.

MGM Resorts takes action over massive data hack

MGM Resorts takes action over massive data hack

More than 10.6million guests have had their data leaked after the cyber attack, according to reports.

APAC planners still 'use manual processes' for most of their tasks

APAC planners still 'use manual processes' for most of their tasks

Australian and New Zealander event planners need a more technology-driven approach, according to new research by Cvent.

DICE launched to improve diversity at conferences and events

DICE launched to improve diversity at conferences and events

New charter aims to eliminate 'manels' and offers guidelines for making events more diverse, on and off stage.

Are experiential food and drink incentives on the rise?

Are experiential food and drink incentives on the rise?

Planners reveal what food and drink experiences clients are increasingly requesting, in the C&IT State of the Industry: Incentives report.

LATEST JOBS