New York & London, January 8, 2018 – GroupM, the media investment group of WPP, today appointed Nick Theakstone to the new role of Global Chief Investment Officer. He will be based in London and New York, reporting to GroupM Global CEO Kelly Clark.
Theakstone will oversee all aspects of GroupM’s global media investments, trading activities and commercial partnerships, which encompassed $108.2 billion in client billings in 2016 (RECMA). He will develop strategies to ensure the benefits of GroupM’s scale continue to deliver advantages to clients as trading becomes more data-driven and technology-enabled.
Theakstone was most recently GroupM’s UK CEO, a position he held for 10 years during which GroupM UK quadrupled in size, took incremental share each year and remained the UK’s number 1 agency group, double the size of its nearest competitor. Johan Boserup continues as GroupM’s global head of trading, reporting to Theakstone.
Succeeding Theakstone as GroupM’s UK CEO is Tom George who was most recently MEC’s Chairman for UK and Northern Europe, and Global Head of Business Development; prior he was MEC’s UK CEO from 2005 to 2011. During his tenure in these roles, MEC also quadrupled in size and moved from 14th to 3rd in the UK industry rankings. George will now oversee all GroupM’s businesses in the UK, reporting to GroupM EMEA CEO Dominic Grainger.
“I’m delighted that Nick and Tom will take on these important roles for GroupM,” Clark said. “They are exceptional leaders, focused on creating advantage for clients and motivating opportunities for our people. Nick and Johan and their talented team will take our expanded investment operations to new heights, and I know Tom and our agencies will continue to build our successful UK business.”
GroupM is the leading global media investment management company for WPP’s media agencies including Mindshare, MediaCom, Wavemaker, Essence and m/Six, and the outcomes-driven programmatic audience company, Xaxis. Responsible for more than US $108B in annual media investment by some of the world’s largest advertisers, GroupM agencies deliver an advantage to clients with unrivaled insights into media marketplaces and consumer audiences. GroupM enables its agencies and clients with trading expertise, data, technology, and an array of specialty services including addressable TV, content, and sports. GroupM works closely with WPP’s data investment management group, Kantar, and together they account for almost 50% of WPP’s group revenues of more than US $19B. GroupM delivers unrivaled marketplace advantage to its clients, stakeholders and people.
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