Dentsu Aegis has this morning confirmed to Prolific North that Elliot Muscant has stepped down as CEO of Dentsu Aegis Network North.
Muscant had been in charge of its Northern operations for Carat, iProspect, Vizeum, Amplifi, Amnet and Fetch.
That meant responsibility for more than 500 staff in offices across Manchester, Leeds, Newcastle and Edinburgh.
Today a spokesperson said:
“Dentsu Aegis Network UK & Ireland can confirm that Elliot Muscant has stepped down from his role as CEO of Dentsu Aegis Network North with immediate effect.
“With a strong leadership team in place across our North operations, alongside the support of Dave Lucas, Chairman, Dentsu Aegis Network North, Stef Calcraft, Executive Chairman, Dentsu Aegis Network UK & Ireland, and the wider executive team, it will remain business-as-usual for our teams and our clients.
“An announcement on our succession plan will be made in due course.”
Muscant was named CEO following a management reshuffle in 2016. He started out at the company as a graduate trainee, joining MediaVest Manchester in 2000. He rose through the ranks to become head of its digital division, MVi, then MD of MediaVest and Carat Manchester.
Dentsu is the third largest media agency group in the world, with its Northern operation having sales of £276m. The highest paid director is reportedly on a salary of £587k.