Marsh steps aside as Howcroft steps up to head Y&R Brands Australia and New Zealand

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Hamish McLennan, the New York based Australian Global CEO of Y&R today announced the resignation of Nigel Marsh (left) as the CEO of Y&R Brands Australia and New Zealand and the appointment of Russel Howcroft (far left) as his replacement.

“Nigel’s brief was to attract new leadership for the group companies, to manage and coach, and to provide new energy and confidence for the various agencies under his leadership,” says McLennan. “He has succeeded on all these counts. We are sorry to see Nigel go. We will miss his clarity, enthusiasm, strategic skills and his unfailing honesty.”

Howcroft, national CEO of George Patterson Y&R will takeover the role in the coming months: “It will be a seamless transition. Russel and his team have done a great job in rebuilding GeorgePatterson Y&R and he is the logical choice to take over the Y&RBrands role,” says McLennan.

One of the country’s best known and busiest advertising executives,Howcroft has been active in industry issues as former chairman of theAFA and has served on the boards of several arts and charitableorganizations. He is currently on the board of the Melbourne FootballClub and is a regular panellist on the ABC’s top rating programme onadvertising, The Gruen Transfer.

Howcroft paid tribute to Marsh’s stewardship of Y&R Brands saying, “Nigel is one of the most charismatic and dynamic leaders in thisbusiness and has been an outstanding motivator of the Y&R Brandsteam. The company is now in great shape. We have in place a terrificgroup of managers, strong brands and a focus on results for ourclients.  It’s been fun and Nigel will be missed.  I now look forwardto working with our CFO, Adam Foulsham, and our various businessleaders to build on the Group’s success.”

On his decision to leave Marsh said, “It’s been an intense andrewarding time. I’m very proud of what we’ve achieved. Future prospectsare genuinely exciting and in Russel we have the perfect successor torealise that potential. I’m biased as he is a good friend but I believehe will be not only an outstanding leader of the group but a muchneeded spokesman and champion for the industry.  I am going to take abreak and write my third book before considering my next corporate rolebut will be on hand to assist if required.”