Ogilvy & Mather has upped its stake in local subsidiary Ogilvy South Africa from 49.9% to 59%. According to Moss Mashishi, chairman of Ogilvy Africa and Ogilvy SA, the deal signifies the maturing relationship between the global and the local office, which he says has always been a flagship in the larger Ogilvy & Mather network.
Tag archives: WPP group
Y&R to restructure, refuses comment on Lamb resignation
Following the recent surprise announcement that Fraser Lamb had resigned as group CEO of Y&R, a wall of silence around the resignation seems to have been erected around the company by its management.