Jan Hall has received pounds 200,000 in compensation after losing
her job as European chief executive of GGT. Her role became redundant in
April following GGT’s acquisition of the global BDDP network for pounds
The award pushed up the redundancy and merger costs of the GGT/BDDP
network, forcing the business into a net loss of pounds 100,000.
Despite the group’s overall losses, GGT’s underlying profits rose by 32
per cent to pounds 7.5 million in the year to 30 April, which takes into
account only two months’ contribution from BDDP agencies.
Hall was the first high-level casualty of GGT’s acquisition of BDDP.
Her main task was the development of business across Europe, which left
her out in the cold after the BDDP deal. At the time she would say only
that she felt it was time for a change.
The costs of integrating the two networks, estimated at just over pounds
8 million so far, are likely to continue eating into profits over the
next few years, although the company is expected to go into the black
GGT expects to spend another pounds 13 million on merger costs by the
end of 1999, and the merger of the GGT and BST-BDDP London offices is
expected to go ahead by the end of this year.
Hall, who is a well-known industry figure and one of the UK’s top
businesswomen, was at GGT for three years before she left last month.
She joined the agency from the design consultancy, Coley Porter Bell,
where she was the chief executive.