WPP AUNZ Chief Michael Connaghan Resigns

Michael Connaghan has resigned as CEO of WPP AUNZ Ltd, effective 31st December. The firm's Board will conduct a global search for a successor, with Executive Director John Steedman leading an executive steering committee during the transition phase.

Connaghan (pictured) was CEO of Australia-based STW Communications Group Ltd, a holding group for around 70 agencies, from 2006 until its merger with WPP in 2015, playing a key role in the deal and integration and becoming CEO of the combined unit.

WPP AUNZ Chairman Rob Mactier said in a statement: 'Mike has led the company through a period of extensive change and inspired our people to leverage our scale, global knowledge and collective know-how. It is a testament to Mike's qualities that he recognises that it is now the right time for renewal as we seek to capitalise on the opportunities that the merger and our leadership position in the market presents, particularly as the industry undergoes further transformation. We thank Mike for the extraordinary commitment and contribution he has made to our company over some 25 years...'

Connaghan, who will continue to be available to the Board and committee through to March 31st next year, said: 'It has been a truly diverse experience and a privilege to serve the company; from my early days with John Singleton Advertising, through to my role as CEO of STW followed by WPP AUNZ, with $850million in revenue and more than 5,000 fantastic employees. WPP AUNZ is indeed an inspiring place to go to work every day. I am proud of the company that we have built and the talented employees and impressive calibre of clients that we have nurtured and supported. I am confident that the company will go from strength to strength'.

Web site: www.wppaunz.com .