A Statement by Declan Kelly

On May 2, I made an inadvertent, public and embarrassing mistake for which I took full responsibility and apologized to those directly affected, as well as my colleagues and clients. A campaign against the reputation of our firm has followed and may even continue in the coming days. However, regardless of the veracity of any such matters I do not want them to be an ongoing distraction to the running of our company.

In order to protect the employees of Teneo and its clients, and with my family’s strong support, I have decided to leave the company and resign as Chairman and CEO.

Teneo will remain the best in the world at what it does, a firm whose success has been driven by three virtues – hard work, decency and compassion.

Over recent days I have received countless messages of support from my colleagues, clients, public figures and people who know me well both personally and professionally. Their support and trust is what counts the most. I will be forever grateful to them all.

I want to thank our hundreds of clients around the world for their support of our business and their loyalty to our people. You are the reason Teneo exists. And to my 1,250 colleagues worldwide, I will continue to be your biggest supporter.