Mike Cornwell quits new job at Tequila

Mike Cornwell, the former chief executive of TBWA\GGT, is leaving the agency after nine years.

His departure comes just weeks after he moved into the position of managing director of Europe, following the merger of TBWA\GGT with Tequila\London.

Penny Reid, Cornwell's former managing director at TBWA\GGT, and Tim Bonnet, the chief executive of the pre-merger Tequila\London, were made joint chief executives of the new agency.

The long-expected merger took place at the beginning of the year.

Paul Bainsfair, the president of TBWA\Europe, said: "Mike has done a fantastic job over the last nine years building TBWA\GGT's reputation and guiding it into its merger."