GroupM name Nick Theakstone as UK CEO
20 August, 2008
Nick Theakstone, previously COO has been named as CEO of GroupM UK, with immediate effect. He will be responsible for managing the UK's largest media group which includes, MediaCom, MindShare, Mediaedge:cia, BJKE and MAXUS. His promotion follows the announcement of Stephen Allan to Chairman & CEO MediaCom Worldwide.
Previously Nick worked at HTV, BMP DDB Needham, MediaVest (Deputy Managing Director) and MindShare. Nick worked under the then CEO of MindShare, Kelly Clark (now CEO GroupM EMEA) for four years as Head of Investment and Managing Director of GroupM Trading in the UK.
Following the acquisition of MediaCom, Nick became the Chief Operating Officer of GroupM UK, the leading investment management group in the UK with billings in excess of £2.46 billion (NMR/AdRelevance).
Nick Theakstone said, "I am absolutely delighted to be taking on this role. It signifies a very proud moment in my career. We have a fantastic team at GroupM and all look forward to supporting the media agencies, in order to enhance their market deliverables and position as well as looking at all forms of new business opportunities. I feel extremely privileged to work with the best agencies and media experts in the UK, and look forward to continued success for all our companies."
Kelly Clark commented, “Nick has been instrumental in the development of GroupM over the last few years and I have every confidence that he will lead the UK business to yet greater heights.”
Stephen Allan said, "I am delighted to hand over the reins of GroupM UK to Nick. I know that I am leaving the business in a very strong pair of hands. It has been a delight to work with Nick over the past 3 years.
He's a great business operator and manager. I know that he will continue to work closely with our Media Investment Agencies to further enhance their own businesses."