CIA gears up for expansion with boardroom reshuffle

CIA Group is planning an aggressive expansion and acquisition drive following a top-level shake-up of its board, in which the company’s founder, Chris Ingram, has surrendered his chief executive post.

CIA Group is planning an aggressive expansion and acquisition drive

following a top-level shake-up of its board, in which the company’s

founder, Chris Ingram, has surrendered his chief executive post.



Ingram, who launched CIA in 1976, is splitting his chairman and chief

executive roles and taking on the mantle of executive chairman.



David Reich, who is the chairman of the network’s European operations

and a director of the company, takes over as the group’s chief

executive.



Reich joined CIA in 1995 as a non-executive director, taking over as

chairman of its European network holding company the following year.

Reich is a former director of Aegis, the holding company for Europe’s

largest media independent, Carat, and was the international chief

executive of Carat.



CIA has also hired two new non-executive directors: Andrew Seth, the

former UK chief executive officer of Lever Brothers, and Michael Mander,

chairman of Maid.



The splitting of Ingram’s roles frees him to expand the CIA network.



CIA already has offices across Europe and Asia and is considering a move

into the US.



Ingram is also poised to consider a range of acquisitions, both within

the specialist media sphere and in associated industries.



’We can’t achieve our objectives purely with organic growth,’ Ingram

said. ’We will be expanding geographically and expanding our offering

through start-ups and strategic stakes in new companies.’



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