Chime Communications Limited
|Private limited company|
|Headquarters||London, United Kingdom|
|Christopher Satterthwaite (CEO)|
Number of employees
CSM Sport & Entertainment
Chime Specialist Group
Chime Insight & Engagement
Chime Communications Limited is a marketing services company headquartered in London, United Kingdom. Chime is the holding company for a portfolio of companies which include sports marketing, public relations, advertising, digital, marketing, research, corporate responsibility and healthcare communications.
Chime was founded as a private company in 1989 following a management buyout from Lowe Howard Spink and Bell to form Lowe Bell Communications and subsequently floated in 1994 as Chime Communications plc before going private again in late 2015. Chime comprises five divisions, 54 companies and over 2,000 people.
The group comprises CSM in sport and entertainment; the VCCP Partnership in marketing communications; OPEN Health in healthcare communications and market access; CIE in market research; and the Chime Specialist Group for communications in specialist market places.
Chime retained a 25% stake in Bell Pottinger, a public relations firm that was bought out by its management in the summer of 2012, but wrote off its investment five years later as Bell Pottinger became embroiled in a crisis over its work in South Africa.
The company is governed by an executive management team, consisting of Christopher Satterthwaite (chief executive), Eric Hageman (chief financial officer) Stephanie Brimacombe (chief marketing officer), Kate Fraser (HR director) and heads of Chime’s operating divisions: Lord Coe, Crispin Beale, Adrian Coleman, Jo Parker and David Rowley.
Notable former directors include Lord Davies of Abersoch (who left the board following Chime's takeover in October 2015), Lord Hannay of Chiswick and Dame Sue Tinson (who both left the board on 31 December 2006), and Lord Bell (who left the board in June 2012 following a MBO by Bell Pottinger's management team).
London Stock Exchange de-listing
Chime was de-listed from the London Stock Exchange on 16 October 2015 and re-registered as a private company following a takeover by Providence Equity Partners (81.1%) and WPP plc (18.9%). Chime was re-registered as a limited company on 19 October 2015.
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- Sweney, Mark (5 September 2017). "Bell Pottinger investor walks away as South Africa row deepens". Guardian. Retrieved 12 September 2017.
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- "Chime targets expansion after completing £374m sale to WPP/Providence". Retrieved 4 November 2015.