Things are moving with unaccustomed and electrifying speed at the COI. Chris Wood, the senior of two non-executive directors, has effectively taken over the tiller from CEO Mark Lund, who is stepping down some 5 weeks before he was expected to.
The catalyst behind this accelerated transition is Waitrose, as in the £25m advertising account. Although Lund had signalled a return to the private sector, the rapidity of the Waitrose win by his new agency Now took everyone by surprise. And made Lund’s continuation at the COI untenable. Hence his leaving party last night.
Technically, Wood is to be acting chairman. Two civil servants will be joint chief executives. Emma Lochhead, whose importance I flagged in an earlier post, is HR Director at COI/Cabinet Office (Government Communications); and Graham Hooper is head of client service and strategy. In other words, of the trio only Wood is a marketing professional with “outward facing” experience of the private sector. In recent times, every head of the COI has been recruited from the private sector.
The restructure is clearly an interim arrangement. It takes place against the backdrop of the Tee Report, drawn up by senior civil servant Matt Tee, recommending radical streamlining of the COI’s role and headcount. Tee’s recommendations are, for the most part, likely to be implemented but they need to be sanctioned by a public expenditure committee (PEX), which will not happen before June.
I understand that, once the formalities are out of the way, Wood’s role – which would appear to be executive chairman – may become permanent. As it happens Wood, who is a well-known figure in marketing services circles, has just stepped down from being chairman of branding, strategy and design consultancy Corporate Edge (now a subsidiary of Photon), which he has led since 1997. Earlier in his career he was CEO of innovation consultancy Craton Lodge & Knight, which eventually floated on the London Stock Exchange. Subsequently (1990-97) he was a senior executive at Princedale plc, another quoted marketing services company. He bought out Corporate Edge from Princedale in 1997.
Wood is now believed to be pursuing a portfolio career, and has business interests outside marketing services (such as a gastro pub in Wiltshire). He is known to be seeking non-executive positions.
It may be of considerable significance that the COI has appointed another senior civil servant, Ian Watmore, as accounting officer. Normally, the role of accounting officer – who is directly responsible to parliament for the COI’s activities – is wrapped up with that of COI chief executive. This was certainly the case with Lund and his predecessor, Alan Bishop.