Jens Monsees steps down as chief executive of WPP AUNZ after only 18 months in the role
WPP has today announced that Jens Monsees has decided to step down as Chief Executive Officer of WPP AUNZ Limited as it transitions from a public company to a fully integrated business within WPP. His decision follows the completion, on Tuesday 18 May 2021, of a Scheme of Arrangement that made WPP the sole shareholder of WPP AUNZ, which was subsequently delisted from the Australian Securities Exchange.
Monsees was appointed CEO of WPP AUNZ in October 2019 and for the last 20 months, in a very challenging environment, he has led the company’s transformation, building its capabilities in experience, commerce, data and technology alongside its classic strengths in communications.
A new WPP leader will be appointed and in the interim the business will be led by the agency brand leaders, supported by WPP AUNZ Chief Financial Officer Chris Rollinson and other members of the central team, through an executive committee chaired by WPP Chief Operating Officer Andrew Scott.
Says Mark Read, Chief Executive Officer of WPP: “Jens has made a major contribution to WPP AUNZ during his time with the company. Despite the unprecedented challenges of the COVID-19 pandemic, he has delivered significant progress in transforming WPP’s business in Australia and New Zealand, which is very well positioned for the future.
“We have fantastic agency brands in Australia and New Zealand – which are among our most important global markets – and we are very excited about their potential to grow and to meet the needs of our clients in a fast-changing world.
“I would like to thank Jens for his dedication and all he has done for WPP AUNZ, and the wider WPP family. He leaves with our very best wishes for the future.”
Says Monsees: “I am very proud of what we have achieved together as one team, leaving WPP AUNZ as a more future-proof, growing and performing business. I am leaving many great colleagues behind. The strategic progress we accomplished and the strong financial turnaround we achieved are testament to the great collaboration of our people across the business and their ongoing commitment to serving our clients.
“I would like to take the opportunity to thank the WPP AUNZ board, the local and global executives, the entire WPP community, and my family for their support during such an important journey. I am looking forward to the next exciting chapter ahead.”
Australia and New Zealand represent one of WPP’s largest markets worldwide, with revenues of almost US$500 million and 3,800 people employed by its global agency networks.
8 Comments
It sounds like a tough gig. The question is whether he underperformed or if his role was always intended to end on the delisting.
It’s not the question at all. He outperformed remarkably, took a disorganised business and brought sense and organisation which allowed it to be a viable play in the M&A space. He would be leaving as he’s achieved everything he likely set out to, ahead of time.
I only hope he stays in AU so we don’t lose this calibre of talent.
It has been a catastrophe since they merged it into the STW s/show and now after 4 years it goes back to the structure it was. Pure genius. The above is a small bit part in a messy screen play. Good luck to those who remain.
Does it take a lot of talent to put out a dumpster fire? Consolidate. Fire expensive people that aren’t adding value to the business. Fund new revenue streams and ditch ones that are making a loss.
and now he’s just nickin off?
How come?
For once it’s not a merger news.
Does it mean the mergers are over for the foreseeable future?
Look at the comment on the linkedin page of former Ogilvy CEO David Fox and then read the dozen + comments from senior WPP people who agreed with him.
There has been a huge number of senior departures from that business and that cannot be a coincidence.