Ogilvy & Mather today announced that its Global Chairman and CEO Miles Young will step down next year to become warden of his alma mater, New College at Oxford University.
His new appointment will be effective September of 2016.
Mr. Young, 61, has spent 32 years at Ogilvy & Mather, starting in the London office. He became chairman of Ogilvy & Mather Asia Pacific in 1995, where he spent 13 years. He assumed the role of Global CEO in 2009 and his current role of chairman in July 2012.
"This was a difficult decision, but the attraction of moving to a senior academic position in the U.K. was very great," said Mr. Young in a statement. "Ogilvy & Mather and WPP have been part of my life for 32 years, and the intention is not to part company, but to be available to advise and consult, which I look forward to doing. My succession will be announced in due course. In the meantime it is business as usual."
The company did not provide any details on the shop's succession plan.