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Miles Young, the global CEO of Ogilvy & Mather, will leave the agency after more than three decades to take a top administrative position at Oxford University.
Ogilvy issued a statement on its website today announcing that Young will retire next year and take up his new duties in September 2016.
The agency is launching a search for his successor, considering both internal and external candidates, a source told Adweek.
Young will become the warden, or chief academic administrator, of New College at Oxford, according to an announcement on the college's website.