Sheldon Marshall Fired at VCG

Posted on 1/19/1999 by Jim Pickerell | Printable Version | Comments (0)

193

MARSHALL FIRED AT VCG


January 19, 1999

Sheldon Marshall has been replaced as Chief Executive of Visual Communications Group

by Andrew Nugee. VCG is the still image marketing subsidiary of United News and

Media headquartered in the UK.

Sources tell us that VCG's return on investment in 1998 was poor compared with

expectations. The European part of the operation was the weakest and one company in

the group lost money. FPG, the U.S. agency that is part of VCG, had the strongest

returns of any agency in the group.

Another factor that probably contributed to the firing of Marshall was length of time

it has taken FPG and VCG web sites in place in order to compete with the other two

major players in the industry - Getty Images and The Image Bank. FPG's site which was

launched in October had a number of initial flaws which we pointed out in

Story 177.

Marshall had run the company for the last 15 years and built it into one of the top

three businesses in the stock photography industry.

Nugee has been Managing Director of FT Media and Telecoms for the past two years and

prior to that worked for the Boston Consulting Group in London and Munich and at the

Economist Intelligence Unit.

Charles Gregson, Executive Director responsible for Visual Communications Group

said: "I am delighted that Andrew will be taking over responsibility for Visual

Communications Group, an important component of United's growing web-based and

technology-oriented portfolio. He brings to the company a wealth of experience,

which will help it take advantage of the exciting opportunities presented by digital

technology and the Internet.

Andrew Nugee said: "I am tremendously pleased to be joining VCG at such an exciting

point in its development. VCG's strong brands and wealth of content provide a

robust base to take it onto the Internet and achieve the very tangible efficiency

and distribution benefits offered by this revolutionary medium."


Copyright © 1999 Jim Pickerell. The above article may not be copied, reproduced, excerpted or distributed in any manner without written permission from the author. All requests should be submitted to Selling Stock at 10319 Westlake Drive, Suite 162, Bethesda, MD 20817, phone 301-251-0720, e-mail: wvz@fpcubgbf.pbz

Jim Pickerell is founder of www.selling-stock.com, an online newsletter that publishes daily. He is also available for personal telephone consultations on pricing and other matters related to stock photography. He occasionally acts as an expert witness on matters related to stock photography. For his current curriculum vitae go to: http://www.jimpickerell.com/Curriculum-Vitae.aspx.  

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