Dentsu Aegis Network chief executive Jerry Buhlmann is to step down with Tim Andree set to combine his current responsibilities with those of the newly vacant role.
Buhlmann, who has served as CEO for nine years, will step down on 31 December but continue as a special advisor, the company has said.
Andree will take over the reigns while continuing as executive chairman of Dentsu Aegis Network, as well as being a member of the Board as executive vice president of Dentsu Inc.
“After nine years as CEO of Dentsu Aegis Network and before that Aegis Group plc, I am very proud of what the organisation has achieved in that time. The highlight for me has been working with a group of very talented people and the impact we have been able to make based on strong team work, a supportive parent company and a dynamic culture,” said Buhlmann.
“Importantly at this time, the quality of the Executive Management Team is exceptional, the business has strong momentum and I’m confident will continue to thrive and grow strongly at a time of disruptive change in the market. Dentsu Aegis Network is a critical part of the Dentsu Group’s growth story and with Yamamoto- san leading the Group and Tim Andree leading Dentsu Aegis Network, I have no doubt that the future will be very bright as the business moves to the next phase of its development."
Toshihiro Yamamoto, representative director, president and CEO of Dentsu Inc. added: “From the start, Jerry has had a bold vision for Dentsu Aegis Network. His drive and leadership has ensured that Dentsu’s acquisition of Aegis Group plc has been an outstanding success. Dentsu Aegis Network is today a highly-integrated and highly-competitive global marketing service group built for the digital economy. Since 2013, Dentsu Aegis Network has doubled its revenues from £1.8bn to £3.6bn and grown
organically at twice the rate of its competitors. The Dentsu Board thanks Jerry for this great contribution and leadership.
“I am delighted to appoint Tim as Jerry’s successor. Ever since joining Dentsu in 2006, Tim has led the globalization of the Dentsu Group. As a member of the Dentsu Inc. Board and also the executive chairman of Dentsu Aegis Network, Tim has a deep understanding of the business’s market proposition, culture and values.”
Andree cited the “remarkable growth’ of the network to Buhlmann and the management team.
“I have worked hand in hand with Jerry and the management team over the years and for this reason, the Dentsu Aegis Network management will move to the next stage with strong continuity and stability. We will continue to evolve as the most collaborative of networks known for its creativity, client focus and innovation.”
Buhlmann led the Aegis Group through its acquisition by Dentsu in 2013, having become chief executive in 2010, a year after joining.