Preston Rabl, the co-founder of WPP, is returning to the
communications business to become a non-executive director of the
below-the-line specialist, Claydon Heeley.
The decision marks a return to below the line for Rabl, who invested in
WPP with Martin Sorrell in 1985, but stepped down as a director in 1987.
He is also understood to be considering investing in Claydon Heeley with
fellow non-executive director and M&C Saatchi founding partner, Bill
Muirhead. Muirhead became involved in the company quite separately
earlier in the year (Campaign, 21 February) although he and Rabl are
already co-backers in several business ventures.
Claydon Heeley is thought to have attracted the interest of the pair
because of its fast growth since its establishment in 1991. It has
claimed billings for 1996 of pounds 12 million and projected billings
for this year of pounds 14 million. Its client list includes British
Airways, Ford, Unilever and Pepsi.