M&C Saatchi’s chief executive, Tom Bazeley, has reportedly stepped down from his position and left the company.
Staff at the advertising agency were informed today (9 August) that Bazeley had departed the company by mutual agreement, it is understood that he has not lined up a position elsewhere though.
Bazeley joined the agency in 2014 when the digital company he co-founded in 2004, Lean Mean Fighting Machine, was bought by M&C Saatchi and within six months of his arrival he had replaced Camilla Harrisson as chief executive.
Discussing his departure Bazeley said: "M&C Saatchi is a brilliant company with a remarkable story and industry-defining characters.
"It has been the greatest privilege to run it for the last two years, but the world is a big place with lots of adventure to be had. It’s time to step aside."
Moray MacLennan, the worldwide chief executive of M&C Saatchi, added: "We thank Tom for his contribution to the agency over the last two years, in particular winning the Royal Mail and Unilever business.
"I hope our paths cross again, and imagine this might happen sooner rather than later."