The board of WPP AUNZ has accepted the resignation of CEO and executive director Mike Connaghan, who will exit the business at the end of 2018, following 12 years with the business.
Connaghan has led the business for over a decade through a period of acquisition throughout Australia, New Zealand and Asia, and playing a key role in the merger of STW with WPP.
Says WPP AUNZ chairman Rob Mactier: “Mike has led the company through a period of extensive change and inspired our people to leverage our scale, global knowledge and collective know how.
“It is a testament to Mike’s qualities that he recognises that it is now the right time for renewal as we seek to capitalise on the opportunities that the merger and our leadership position in the market presents, particularly as the industry undergoes further transformation.”
Says Connaghan: ”It has been a truly diverse experience and a privilege to serve the company, from my early days with John Singleton Advertising, through to my role as CEO of STW followed by WPP AUNZ, with $850m in revenue and more than 5000 fantastic employees.
“WPP AUNZ is indeed an inspiring place to go to work every day. I am proud of the company that we have built and the talented employees and impressive calibre of clients that we have nurtured and supported. I am confident that the company will go from strength to strength.”