Mike Segrue Stepping Down From Kinetic Worldwide

Global Chief Client Officer Was a Founder of Out-of-Home Agency

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NEW YORK (AdAge.com) -- Mike Segrue, global chief client officer at Kinetic Worldwide, is departing the out-of-home communications agency.

Mike Segrue
Mike Segrue
Mr. Segrue, a founder of Kinetic when it launched in 2005, will remain a shareholder until the completion of the sale of the company to WPP at the end of 2009.

"The Kinetic experience has been a most enjoyable and successful one," said Mr. Segrue. "We have changed the perception and actuality of what Kinetic is -- we are now a lifestyle and environment media agency."

Eric Newnham, global CEO of Kinetic Worldwide, commented: "Mike's contribution and support over the last few years, and indeed pre-dating the formation of Kinetic Worldwide, have been invaluable."

Kinetic is 50% owned by the Kinetic management team and 50% owned by WPP. The agency has global billings of $4.4 billion, with clients including MillerCoors, Tommy Hilfiger and The Economist.

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