Ascential PLC has completed the sale of its Digital Commerce business to Omnicom Group Inc., resulting in the departure of Duncan Painter as CEO and the appointment of Philip Thomas as the new CEO. The company also announced the agreement of a new four-year, multi-currency revolving credit facility of £200m with a syndicate of banks. This facility will become effective upon the full repayment and cancellation of the existing £450m RCF following the completion of the Digital Commerce sale. The sale of WGSN, Ascential's product design business, is due to complete at the beginning of February 2024 after receiving all required regulatory clearances.