$137.8B U.S. ad spend for top 200 advertisers
After 27 years with BBH Group, Gwyn Jones will step down from his role as group CEO by the end of the year, to be replaced by Neil Munn, who is now chief operating officer.
Mr. Jones' departure comes two years after Publicis Groupe purchased the remaining 51% stake in the agency in July 2012, a deal which required senior managers like Mr. Jones to remain at the agency through this year.
Mr. Jones spent his entire career at BBH, starting as a trainee. He moved to the U.S. in 2004 to head the New York office and returned to the U.K. as group COO in 2008, taking on the CEO role in 2012. In announcing his departure, Mr. Jones said in a statement "When I've taken a break, I have some other investments and opportunities that I want to pursue and maybe spend a little less time on planes."
His successor, Mr. Munn, joined BBH in 2006 from Unilever, where he was global marketing director on the Axe personal care brand and a BBH client. Mr. Munn helped launch and ran Zag, a separate business to create new products and brands, and became COO in 2012 in a management restructuring after Publicis took full ownership of BBH. Mr. Munn's responsibilities will be split between Niall Hadden, global head of talent, and CFO David Pearce.