Nick Paul, global chief growth officer at DraftFCB, is leaving the agency, Ad Age has learned.
Mr. Paul joined DraftFCB in 2003 as VP-general manager of the agency's 361 Sports & Events Marketing unit, and took over business development for the agency's Chicago office in 2007. He was appointed to lead North American business development in March 2010, and quickly promoted again to global chief growth officer.
Said DraftFCB Global CEO Laurence Boschetto in a statement: "Those who have worked closely with Nick know that he has been passionately committed to the ongoing success of our organization, most recently working hard to establish an aggressive new business function first in Chicago, then in North America and later around the network. He also played a major role in uniting and leading our 361 experiential marketing offering across the USA before taking on his business development job. We are grateful to him for his many accomplishments and wish him continued success."
It was not immediately known whether Mr. Paul, who among other duties was heavily involved in new-business development for the Interpublic Group of Cos.' agency, had another position lined up.
The move comes as DraftFCB is working on regaining its footing after a difficult 2011. The agency lost one of its largest global accounts, SC Johnson, which it had for nearly 58 years, as well as TV advertising work for State Farm, among others. In the wake of the SC Johnson loss, the Chicago office laid off 10% of its staff, an estimated 100 employees. In total it laid off about 3% of its staff globally, or an estimated 275 jobs.
Partially offsetting those losses have been wins such as Beiersdorf. And it's netting more digital accounts, including work for Discover Card digital and Taco Bell. It also won CRM work for Coca-Cola.
DraftFCB isn't expected to name a replacement for Mr. Paul. Instead, Global Chief of Staff Peter Drakoulias -- who just arrived late last year -- will add business development to his current duties, which include overseeing the agency's M&A activity. The added responsibilities aren't foreign to him, since he ran the new-business function at Interpublic Group of Cos.' Deutsch.