Dentsu Aegis Network CEO Jerry Buhlmann is stepping down after serving nine years as chief executive, first of Aegis Group and then Dentsu Aegis Network.
“I am very proud of what the organization has achieved in that time,” Buhlman said. “The highlight for me has been working with a group of very talented people and the impact we have been able to make based on strong teamwork, a supportive parent company and a dynamic culture.”
“From the start, Jerry has had a bold vision for Dentsu Aegis Network. His drive and leadership has ensured that Dentsu’s acquisition of Aegis Group plc has been an outstanding success,” Dentsu, Inc. representative director, president and CEO Toshihiro Yamamoto said in a statement. “Since 2013, Dentsu Aegis Network has doubled its revenues … and grown organically at twice the rate of its competitors.”
Tim Andree will take on the CEO role, in addition to his current responsibilities as Dentsu Aegis Network executive chairman, member of the board and evp of Dentsu Inc. Andree formerly served as CEO of Dentsu Network before stepping into the executive chairman position for Dentsu Aegis Network in 2013 following the acquisition of Aegis Group.
“I am delighted to appoint Tim as Jerry’s successor. Ever since joining Dentsu in 2006, Tim has led the globalization of the Dentsu Group,” Yamamoto continued. “As a member of the Dentsu Inc. board and also the executive chairman of Dentsu Aegis Network, Tim has a deep understanding of the business’s market proposition, culture and values.”
“The remarkable growth and momentum of Dentsu Aegis Network is a credit to Jerry and the deep and broadly talented management team that has been cultivated,” Andree added. “I have worked hand in hand with Jerry and the management team over the years, and for this reason, the Dentsu Aegis Network management will move to the next stage with strong continuity and stability.”
Buhlman added that the quality of Dentsu Aegis Network’s executive management team is “exceptional” and “the business has strong momentum,” giving him confidence that it will “continue to thrive and grow strongly at a time of disruptive change in the market.”
“Dentsu Aegis Network is a critical part of the Dentsu Group’s growth story, and with Yamamotosan leading the Group and Tim Andree leading Dentsu Aegis Network, I have no doubt that the future will be very bright as the business moves to the next phase of its development,” he said.
The news follows a pair of new business wins for Dentsu Aegis Network last month, with both Intel and United Airlines handing global media responsibilities to the network. Last month also saw Dentsu Aegis Network acquire B2B International to fold into gyro. Back in August, Dentsu Inc. revealed it was considering a restructuring plan involving splitting into an operating company and a holding company.