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WPP’s Grey Group today announced its most significant leadership change in more than a decade, promoting Michael Houston to the global chief executive officer role.
Houston will oversee all of the network’s 430-plus offices and approximately 6,500 employees around the world. His predecessor Jim Heekin, who became CEO of Grey Group in 2005 and chairman the following year, will step into the executive chairman role, effective immediately.
The news comes on Grey’s centennial. Larry Valenstein and Arthur Fatt started the company as Grey Studios in August 1917.
Moving Grey into its second century
“One hundred years ago today, Grey opened its doors in New York,” wrote Heekin in a memo that went out to all staff this morning.