Dentsu Aegis Network CEO Jerry Buhlmann is stepping down from his role at the end of the year — marking yet another high-profile agency company leadership departure in a year that also saw WPP CEO Martin Sorrell leave his role and MDC Partners announce the forthcoming departure of its CEO Scott Kauffman from that position.
Tim Andree, Dentsu Aegis Network executive chairman and exec VP of Dentsu Inc., will combine the CEO role with his current duties.
Buhlmann joined Aegis Group in 1999 before becoming its CEO in 2010. When Dentsu Inc. acquired Aegis Group in 2013, Buhlmann became CEO of DAN. He will formally step down at the end of December, but will continue to work as a special advisor to Dentsu Inc. in 2019.
"From the start, Jerry has had a bold vision for Dentsu Aegis Network," Toshihiro Yamamoto, representative director, president and CEO of Dentsu Inc. said in a statement. "His drive and leadership has ensured that Dentsu's acquisition of Aegis Group has been an outstanding success. Dentsu Aegis Network is today a highly-integrated and highly-competitive global marketing service group built for the digital economy."
He added that Andree, who joined Dentsu in 2006, has led the globalization of Dentsu Group and "has a deep understanding of the business's market proposition, culture and values."
Dentsu Inc. also posted its third-quarter earnings Wednesday — reporting organic growth of 7 percent in the third quarter for Dentsu Aegis Network. The network, which owns agencies including 360i and Carat, has seen a number of major global media wins recently, including Intel and LVMH.