Mother founding partner Stef Calcraft sells share for £6m

Mother co-founder Stef Calcraft has resigned from the agency group's boards and is selling his 25 per cent shareholding back to the company for £6 million, but remains in his role.

Stef Calcraft: co-founder of Mother
Stef Calcraft: co-founder of Mother

Calcraft’s £6 million shareholding will be payable over the next three years, with the first installment of £1.5 million payable last month.
Calcraft, one of Mother’s five founding partners, will continue in his role as director at Mother full time.

Calcraft said: "The primary concern for all of us has been to ensure Mother’s ongoing success. To do this and preserve Mother’s independence, we have funded the share buyback using our own money without debt or selling to an outside shareholder. I remain fully committed to Mother and it will remain business as usual."


Subscribe to Campaign from just £57 per quarter

Includes the weekly magazine and quarterly Campaign IQ, plus unrestricted online access.


Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now

1 PHD and ITV storm Media Week Awards

PHD reigned supreme at the 2016 Media Week Awards, after winning media agency of the year and the coveted Grand Prix for its work for Sainsbury's Christmas campaign, while ITV won sales team of the year.

Just published