Vice has confirmed that chief creative officer Tom Punch has departed in one of the first casualties of an organizational shake-up which will see the digital media and broadcasting business reduce its headcount by 15%.
Punch has vacated his position in order to accept a similar role at ad agency Spring Studios having been credited with holding Vice revenues steady by focusing on branded content and advertising.
Spring Studios chairman Francesco Costa said: “Tom has a strong track record of driving enterprise value while transforming culture through innovative commercial partnerships. He has spent his career working across cultural industries in media, advertising, production, events and film. We are excited to have him.”