David Verklin, CEO of Aegis Media Americas, is stepping down from his role later this year, his 10th at Aegis Media. Sarah Fay has been named the CEO of Aegis Media N.A.. Until now, Fay, 45, has been leading Carat’s U.S. operations. We loaded up video of Sarah and picked on Verklin just a little while ago. Check it out here. Aegis’ South American unit will now report to Aegis Media chief executive Mainardo de Nardis, as will Fay.
Adweek is reporting that David is getting out of advertising business altogether:
“I’m looking at a bunch of different alternatives. I don’t see myself coming back to the agency business.”
On the record, everyone over at Aegis denies that Verklin’s departure has anything to do with the loss of the $800M Kia business nor the $250M New Line account. Oh, sorry. They are “strongly” denying with Aegis Media chief executive Mainardo de Nardis pointing out that their “North American business has grown every year for 10 years.”
Whatever. Congrats to Sarah.