Cox leads reshuffle at Ocean Outdoor
Damian Cox, co-founder and managing director of Ocean Outdoor, has been named chief executive of the firm and has promoted sales director Grant Branfoot to the post of managing director.
Cox, who has also appointed divisional sales director Iain Chapman to the position of group sales director, dismissed rumours that the company was for sale.
“Ocean is not for sale,” he said. “We are a young company. We are intent on breathing new life into the sector and are focused on continued innovation and growth.”
The company was formed by Cox and investor John Story in October 2004 and launched to market the following March. In 2006, its first full year of trading, Ocean generated revenue of £5.85m. In 2007 it posted a 60% year-on-year increase, turning over £9m.
Cox said his ambition is to make Ocean the most profitable outdoor advertising company in the UK.
He said: “I see us as the new generation of outdoor media.”
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