The World: Singapore - M&C rethinks its succession strategy for Asia

M&C Saatchi is reviewing a succession plan for Kim Walker, its Asia president, but has denied he will necessarily leave when his three-year contract expires next April.

Tom Dery, the agency's Asia-Pacific and US executive chairman, said: "Kim has got a three-year contract and we've had some initial discussions, but no decision has been made."

Industry sources claim the agency has been making approaches with a view to filling Walker's shoes.

The news comes after it reported a revenue drop of almost 6 per cent, year on year for the first half of 2007. Singapore, Thailand and Shanghai each posted losses during the relevant period.

Walker said: "Some of the individual countries are not performing the way they should, but action has been taken."

Topics

Become a member of Campaign from just £46 a quarter

Get the very latest news and insight from Campaign with unrestricted access to campaignlive.co.uk ,plus get exclusive discounts to Campaign events

Become a member

Looking for a new job?

Get the latest creative jobs in advertising, media, marketing and digital delivered directly to your inbox each day.

Create an Alert Now

Partner content

Share

1 Job description: Digital marketing executive

Digital marketing executives oversee the online marketing strategy for their organisation. They plan and execute digital (including email) marketing campaigns and design, maintain and supply content for the organisation's website(s).