TV Presenter Gabby Logan Becomes Company Director

Published in Company Comment on 3 December 2012

The Final Score host joins the board of Perform (LSE: PER).

Perform (LSE: PER) climbed 1p to 386p in early trade this morning after announcing the appointment of Gabby Logan to its board of directors.

The FTSE 250 company, which owns the rights to broadcast various sports events through the Internet, said Mrs Logan would start work as a non-executive director from today. The 39-year-old television presenter currently hosts BBC Sport's Match of the Day and Final Score.

Commenting on the appointment, Paul Walker, the chairman of Perform, said:

"We are delighted that Gabby Logan has agreed to join Perform as a non-executive Director. Gabby's in-depth understanding and insight into the worlds of sport and broadcasting will complement the Board's existing expertise and experience. We are looking forward to working with Gabby and are confident that Perform will benefit from her expertise as it continues to build on the success achieved to date."

Perform's 2011 annual report suggests Mrs Logan can expect to earn £48,000 a year from her non-executive duties. The report also indicates she could earn a further £7,000 if she ever became the board's senior independent non-executive, or collect a lucrative £150,000 a year if she ever became chairman.

She will also be entitled to "reimbursements of reasonable expenses in connection with the discharge of duties", but will not, however, be eligible to participate in Perform's share, bonus or pension schemes.

Mrs Logan may be expected to join her fellow non-executives on each of the audit, remuneration and nomination board committees. One of her first tasks may be to help complete a review of the company's audit process, which the 2011 annual report cited would be undertaken this year.

The 2011 report also suggests Mrs Logan may have to attend more than 10 different board meetings a year.

Since its flotation during April 2011, Perform has, er, performed well for shareholders. The price has rallied from 260p to 385p as earnings surged 45% to almost £15m last year. So far during 2012, sales are running 44% ahead.

At present, Mrs Logan does not own any Perform shares, and her Wikipedia page does not mention any interest in the stock market. So perhaps this free Motley Fool report could help her settle into her new role.

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> Maynard does not own any share mentioned in this article.

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Comments

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theRealGrinch 03 Dec 2012 , 2:51pm

awful name (perform)...sounds like a tampon

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