Jay Bingle, worldwide chairman and CEO of Impiric, the direct advertising agency owned by Young & Rubicam, is leaving the shop by year end, a spokesperson at Y&R confirmed. Mr. Bingle had joined the agency in 1998, when it was Wunderman
Cato Johnson. The spokesperson said Mr. Bingle's departure was not related to recent cost-cutting layoffs initiated by Y&R parent WPP Group, which saw approximately 100 Y&R employees lose their jobs. Impiric is the second-largest marketing services group in the world. OgilvyOne
, another WPP shop, is No.1. Clients include Citibank, Ericsson, and Ford Motor Co.
Y&R is searching for a replacement to Mr. Bingle. "We are keen on bringing aboard senior managers who understand how to integrate the offerings of Impiric with those of our consumer advertising agency," a statement issued by the agency said. "Those are the criteria we will be using as we search for a new global CEO for the company. We plan to have that individual on board early in the new year."
Copyright December 2000, Crain Communications Inc.