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Ogilvy CEO Miles Young to retire in August 2016, join Oxford University
MUMBAI: Ogilvy and Mather has announced that worldwide chairman, CEO Miles Young will retire next year. He will be Warden of New College at Oxford University from September 2016.
Until then, Young will continue in his current role. Upon taking up his new position at Oxford, he will remain working closely with both Ogilvy and parent company WPP on a non-executive basis.
Young, 61, has spent 32 years at Ogilvy & Mather, starting in the London office. He became Chairman of Ogilvy & Mather Asia Pacific in 1995 where he spent 13 years building Asia Pacific into O&M’s fastest growing region. He assumed the role of Global CEO in 2009 and his current role of chairman in July 2012. For the past six years, he has led Ogilvy & Mather Worldwide to be the most effective and creative agency network in the world as recognized by the prestigious Cannes Lions International Festival of Creativity and the Global Effie Effectiveness Index.
Young said, “This was a difficult decision, but the attraction of moving to a senior academic position in the UK was very great. Ogilvy & Mather and WPP have been part of my life for 32 years, and the intention is not to part company, but to be available to advise and consult, which I look forward to doing. My succession will be announced in due course. In the meantime it is business as usual.”