Wasserman's Laundry Service Parts With CEO Jason Stein and Lays Off 40-60 Employees

Founder to 'pursue new entrepreneurial endeavors'

Driving relevance means driving growth. Join global brands and industry thought leaders at Brandweek, Sept. 11–14 in Miami, for actionable takeaways to better your marketing. 50% off passes ends April 10.

Creative agency Laundry Service and its production wing Cycle went through a large-scale “restructuring” today, parting with founder and CEO Jason Stein as well as dozens of staff members.

Wasserman, the talent management company that acquired Laundry Service in 2015, confirmed Stein’s departure in a statement. It also confirmed that three leaders will succeed him: chief operating officer Jordan Fox, managing director Amy Hellickson and chief marketing officer Mike Mikho.

“Jordan, Amy and Mike are each vibrant leaders with very complementary strengths and experience,” said parent company chairman and CEO Casey Wasserman.



Subscribe today!

To Read the Full Story Become an Adweek+ Subscriber

View Subscription Options

Already a member? Sign in