Colin Day, whose CV includes years on the board of WPP Group alongside Sir Martin Sorrell, is to chair the audit committee of S4 Capital, Sky News learns.
A person close to the company said the appointment of Mr Day, a boardroom veteran who has also run Essentra, the industrial products group, was intended to restore shareholders' conviction in S4's corporate governance.
The recent series of mishaps has sparked a startling decline in S4's valuation, with the shares tumbling by nearly 80% over the last year. In total, S4 now employs more than 9,000 people across more than 30 countries, and counts multinationals like Adidas, BMW and Google among its clients.
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