Lord Chadlington successor Paul Taaffe takes reigns at Huntsworth Group as it announces £16m pre-tax profit for 2014

Former Hill & Knowlton chief Paul Taaffe took up his role as group chief executive of public relations and healthcare group, Huntsworth this week as it announced a pre-tax profit of £16m for 2014.

The company released is figures for last year ending 31 December, and revealed a decline in pre-tax profit of £4.1m year-on-year, while revenue decreased by £7m to £164.7m.

Taaffe began his duties on Tuesday (7 April) in succeeding Lord Peter Chadlington, having been announced as the new company boss in December, while Derek Mapp was appointed chairman and non-executive director on 1 December.

Mapp described 2014 as “a year of fundamental change for the Group”, and explained that leadership levels had been both “disruptive and distracting.”

“It is a tribute to our teams across the whole Group that these changes did not deflect them either from their good work on behalf of our clients or from their abilities to service and win new business," he continued before welcoming Taaffe to the company.

Lord Chadlington announced his intention to step down after 15 years in his leadership role last August.