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Investor Relations

Directors & Governance > The Board

r4e believes in strong corporate governance, and supports the principles of the Quoted Companies Alliance Corporate Governance Code as far as is practicable given the size and nature of the business. The Board is collectively responsible for the success of the Company, and entrepreneurial leadership is balanced by the scrutiny and oversight provided by the independent Non-Executive Directors.

The Board

David Stoller (Executive Chairman/Acting CEO), was appointed to the reach4entertainment enterprises plc. board on 16 December 2010. Mr Stoller began his professional career as an attorney. Among his most significant accomplishments. He was a partner and co-head of global project finance for Milbank, Tweed, Hadley & McCloy LLP where he helped build one of the world's largest and most successful project finance practices, participating personally in financings totalling more than $4 billion. Mr Stoller joined Charterhouse Group International, a large New York City-based private equity firm, as Chairman of its Environmental Capital Group. Through the Charterhouse Environmental Capital Group, Mr Stoller launched American Disposal Services, an integrated waste management company that ultimately acquired and consolidated, with $34 million in equity capital, more than 80 waste management companies. American Disposal had a successful IPO and was sold to Allied Waste at a price exceeding $1.1 billion. Mr Stoller left Charterhouse to launch Americana Financial Services, raising over $40 million in private equity capital. Americana (now the American Wholesale Insurance Group) is currently among the largest private wholesale insurance brokerage in the United States. Mr Stoller holds a BA from the University of Pennsylvania, an MA from the Graduate Faculty of the New School for Social Research and a J.D. from Fordham University School of Law. He is also a graduate of the Harvard Business School Advanced Management Program.

Linzi Kristina Allen (Group Finance Director), joined the Company as Group Financial Controller in 2012, becoming Finance Director in 2015. Prior to that she was at KPMG for 7 years in both internal and external audit roles working across a range of clients and industries including retail, construction, manufacturing, investment funds, logistics and Government.

Lord Michael Ian Grade of Yarmouth (Non-Executive Director), was awarded a CBE in 1998 for his significant achievements in broadcasting and has over 40 years’ experience in the entertainment industry. He was formerly Chairman of the BBC, Executive Chairman of ITV plc, Chief Executive of Channel 4, and he has held positions on the boards of a number of public companies, including Pinewood Group plc. Lord Grade is currently a director of Gate Ventures plc, a substantial shareholder in r4e. He is also a co-founder of The Gradelinnit Company Ltd (“Gradelinnit”), a prominent theatrical production company.

Claire Elizabeth Hungate (Non-Executive Director), has over 17 years’ experience in the media and entertainment industry. She is currently Managing Director of Warner Bros. Television Production UK (“WBTVPUK”), a group of leading British television production companies previously known as Shed Media and acquired by Warner Bros. in 2010. The Group comprises award winning independent companies Wall to Wall, Ricochet, Twenty Twenty, Renegade and Yalli Productions. Originally Managing Director of Wall to Wall, Claire was part of the team that sold Wall to Wall to Shed Media PLC in 2007 and then, as COO of the Shed Media Group, de-listed the AIM quoted Shed Media by virtue of a management buy-out backed by Warner Bros. in 2010. She became Managing Director of WBTVPUK in June 2014 on Warner Bros. taking full ownership of the group. She previously ran the commercial operations of the Institute of Contemporary Arts before training to be a Barrister and going in-house to work in the BBC’s legal department. From there she became Head of Business Affairs for Princess Productions and then Commercial and Legal Director for Wall to Wall Productions before becoming Managing Director. She was previously a director of Shed Media PLC between 2007 and 2010 whilst it was admitted to AIM.

Nicholas Richard Charles Geary Lycett (Non-Executive Director), began his career at the Outside Organisation in 2000. In 2003 he set up The Lucid Group which became the largest online and broadcast music agency in the UK representing the likes of David Bowie, Beyonce, The Rolling Stones and The Who. In 2006, he became an advisor and shareholder in bebo, helping it become the largest social network in the UK until their sale to AOL in 2010 for $850m. In 2010 he became the Managing Director of RCA Records selling a stake in The Lucid Group to Sony Music Entertainment in the process. He is a supporter of the Prince’s Trust and has also served as a judge for the Radio Academy.

Marcus Yeoman (Non-Executive), has acted for a number of AIM listed companies and various private companies.  His early career started with the formation of three companies in IT infrastructure and distribution, after which he moved into small company broking and corporate work with Rathbone Stockbrokers Limited and Cheviot Capital (Nominees) Limited.  In 2003, Marcus established Springtime Consultants Ltd and has been acting as a consultant or non-executive director to a number of listed companies & SME ventures, which require help with their growth strategies, including M&A activity.

There is a clear division of responsibilities between Board members, and all Directors have access to the advice and services of the Company Secretary, who is responsible for ensuring compliance with Board procedures and with applicable regulation and legislation.

All Directors are subject to re-election by shareholders at intervals of no more than three years.

The Board meets formally on a regular basis. In addition, ad hoc meetings are called to address specific issues requiring Board approval. At formal meetings the Board reviews the Group’s corporate responsibility issues and receives detailed reports on:

  • operational matters from the Chief Executive
  • financial performance from the Group Financial Director
  • legal and compliance issues from the Company Secretary when required

The Board also sets and monitors Group strategy, approves the annual budget and examines acquisition and/or disposal possibilities. To enable the Board to discharge its duties, all Directors receive appropriate and timely information. Independent professional advice is taken as required.

There is a formal schedule of matters reserved for the Board, and routine business may be delegated to a committee of two Directors or one Director and the Company Secretary.