Aegis also announced that Mark Cranmer has been named CEO of Isobar. He succeeds Morris, who had been CEO of Isobar, the digital agency network of Aegis, since it was founded in 2003. Cranmer, who was formerly CEO of Starcom Mediavest EMEA, had been working with Aegis as a consultant since 2008.
“This is a hugely exciting chance to lead the North American business at a time of industry reinvention,” Morris said in a statement from Aegis.
Fay added: “My time here has always been rich and exciting: building and running businesses alongside a fantastic group of colleagues. I am now looking forward to some downtime and a return to my hometown of Boston, after almost two years of commuting to New York, to focus on my family.”