Business

Teneo CEO leaves the charity committee after being drunk at a party

[ad_1]

Declan Kelly, an influential adviser to Fortune 500 executives, lost his seat on the board of the campaign organization Global Citizen after drunk at a fundraising concert and gave up his part as the head of the strategy company Teneo Responsibilities.

Four people with knowledge of the matter said that Kelly had improperly performed at a party related to a high-profile concert held by Global Citizen on May 2. It is chaired by Prince Harry and Meghan Markle, and invited artists such as Jennifer Lopez.

A Kelly spokesperson said: “In the evening, at a large cocktail party attended by dozens of people including members of the Global Citizenship Board and guests, Mr. Kelly was drunk and treated some women and men improperly at the event. “,” he added, he “deeply regretted his actions” and apologized to those he offended.

According to two people familiar with the matter, Global Citizen removed him from the board the next day, while another person said that Kelly was asked to resign. Global Citizen has launched an independent investigation into the incident, but has not yet reached a conclusion. Global citizens did not respond to requests for comment.

The organization’s board of directors is chaired by Christopher Stadler, an executive of CVC Capital Partners, who has led the private equity firm’s Invested US$350 million in Teneo In 2019. The deal gave it a majority stake and valued Teneo at $700 million.

This incident has raised doubts about Teneo’s future. The public relations firm with 1,200 people led by Kelly calls itself “the world’s leading CEO consulting company.”

Kelly is still chairman and chief executive officer, but has told senior colleagues in the company that he has delegated some of his responsibilities to others on the global management committee.

His spokesperson stated that he “temporarily reduced his job responsibilities,” “committed to staying awake,” and “is receiving continuous consultation from healthcare professionals.”

Jennifer Lopez performs on stage during the Global Citizen Concert on May 2 © Emma McIntyre/Getty/Global Citizen

Kelly, who has been cooperating with Global Citizen for many years, is the organizer of this event. Wax Live: A concert to reunite the world, aiming to win support for wider Covid-19 vaccine distribution.

The event features information from public figures including Pope Francis and US President Joe Biden.

Artists from Lopez to Selena Gomez conducted red carpet interviews in front of the background with the logos of Teneo and its many customers (including Coca-Cola and Delta Airlines).

Kelly is known for providing advice to some of the world’s largest companies on how to position themselves as responsible social actors.

“It is now very clear that unless you connect your goals and values ​​with all stakeholders and the wider world, you will be left behind,” he said in a statement. Promo As a global citizen in February.

Selena Gomez at Global Citizen’s Vax Live event

Selena Gomez at Global Citizen’s Vax Live event © Kevin Mazur/Getty/Global Citizen

Kelly was appointed by Hillary Clinton as the Special Economic Envoy of the US State Department to Northern Ireland in 2009, using his political and corporate connections to support fundraising concerts for global citizens.

Six months after his co-founder, his role in Teneo has changed. Doug BandAfter an article detailing the breakdown of his relationship with former U.S. President Bill Clinton, he resigned as president of the company. He helped initiate the Clinton Global Initiative.

Kelly and Bender founded the company in 2011. Since then, they have actively expanded through a series of transactions. In March, they invested in WestExec Advisors, a Washington geopolitical risk consulting company, and completed the acquisition of Deloitte’s UK restructuring services business earlier this month.

Emphasizing Teneo’s influence in business and politics, its roster senior consultant These include former CEOs of Dow Chemical, IBM and Xerox, as well as former Speaker of the House of Representatives Paul Ryan and former leader of the British Conservative Party William Haig.

Amber Rudd, the former Secretary of State for the Interior of the United Kingdom, joined as a senior adviser last year.

Before founding Teneo, Kelly held a number of communications positions, including at FTI Consulting. After FTI Consulting acquired a public relations company, Financial Dynamics, he served as an executive, where he was a member of the company’s management team.

[ad_2]

Source link

Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button