The Red Brick Road in ownership rethink
By Sara Kimberley, campaignlive.co.uk, Thursday, 18 October 2012 10:00AM
The Red Brick Road's remaining founders are in talks over its future ownership after changes to the shape of the independent shop's management team.
Staff at the agency, which earlier this year lost the £110 million Tesco account to Wieden & Kennedy, were told this week that Paul Hammersley, the co-founder and managing partner, and David Hackworthy, the strategy partner, have handed over the agency's reins to David Miller, the managing director.
It is expected that the ownership of The Red Brick Road, which has clients including Magners and Suzuki, will change. Sources predict a buyout of Hammersley, Hackworthy and other shareholders by four of the senior management team who have worked at the agency since Ruby was folded in last year. However, an outcome is not expected for up to six weeks.
Miller, who co-founded Ruby in 2008, will continue to run the agency on a day-to-day basis, but will be joined by the former Ruby partners Matt Davies, Richard Megson and Ben Mitchell.
The creative department is now overseen by Davies and Megson, who previously worked on the same level as the other creative partners, Sam Cartmell and Jason Lawes. Mitchell will assume control of the planning department from Hackworthy.
For now, Hammersley, Hackworthy, Cartmell and Lawes will remain at the agency but focus on client work.
Earlier this year, the co-founder and chairman Paul Weinberger announced his resignation. Sir Frank Lowe, another co-founder, left in December 2009.Follow @SaraKimberley
This article was first published on campaignlive.co.uk
- Senior copywriter story uk limited Negotiable depending on experience, Edinburgh
- Senior Marketing Manager Cutis Developments £50,000 - £60,000 per annum , Victoria, London (Greater)
- Media Planner / Buyer - DRTV & Brand Response TV ADLIB £24k - £28k + Bonus, North Somerset
- Content Manager Mortimer Spinks £22000 - £29000 per annum + + Excellent Benefits , Rugby
- Senior Integrated Project Manager Premier Media £45000 - £65000 per annum + Benefits, London
- Daily Mirror publishes its own tits on Page 3
- 'This girl can' tops Campaign Viral Chart
- John Brown Media appoints Rebekah Billingsley to head of digital and content strategy role
- 'You don't have to explain yourself if you are getting the job done,' says Tracy De Groose on work and motherhood
- Publicis Groupe extends deadline for Sapient deal again
- Lidstone exits Havas amid restructure