After serving 10 years as GroupM’s U.K. CEO, Nick Theakstone is being repositioned to the newly created role of global chief investment officer at the WPP-owned media investment management company.
Theakstone will be succeeded in his previous position by Tom George, who most recently was chairman for MEC’s U.K. and Northern Europe division and its global head of business development. MEC was formerly a media agency network owned by GroupM. In June, WPP combined its MEC and Maxus networks to create a single media, content and tech agency, Wavemaker, operating as one of five media agencies under GroupM.
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