(Reuters) – The chief executive of British advertising group M&C Saatchi Plc, Moray MacLennan, will retire from the company in the coming months, Sky News reported on Sunday.
The company will announce that it is kicking off search for a new CEO on Monday, the report said.
Saatchi did not immediately respond to a request for comment.
MacLennan, who was has worked with the company since 1995, took over as CEO in 2021.
The news comes after Saatchi in March named Future Plc’s CEO Zillah Byng-Thorne as its chair.
(Reporting by Shubhendu Deshmukh in Bengaluru; Editing by Andrew Cawthorne and Conor Humphries)
