Aegis Group appoints Buhlmann CEO and reports 22% pre-tax profit drop
Aegis, the marketing services group, has appointed Jerry Buhlmann as its new chief executive at the same time as it announced a 22 per cent fall in pre-tax profit to $247.4m (£149.3m) for the year ending 2009.
Buhlmann, currently CEO of its media-buying division Aegis Media which includes Carat, Isobar and Vizeum, will take over from interim chief executive and chairman John Napier on May 1.
Napier has been in the interim role since the departure of Robert Lerwill in November 2008.
The group is also proposing to raise £175m to fund acquisitions.