Lee Stephens quits Aegis for digital agency

Aegis boss Lee Stephens is stepping down ahead of the company’s planned merger with the Mitchell Communication Group and will instead take a stake in a digital agency.  

Stephens told Mumbrella that he would be on a non compete until February after which he would join the Sydney and Melbourne based agency, which he described as “a good little group”.

Stephens’ last day at Aegis – parent company of media agencies Carat and Vizeum – will be November 5.

Aegis is currently in the processing of buying Mitchells, with the plan for founder Harold Mitchell to be executive chairman of the new business.

Stephens has previously worked for Mitchell at his agency eMitch. He said there was “not a lot of benefit” in doing the same again.

He said that he was not able to reveal his new agency at this stage because  the announcement of his departure from Aegis was not the correct time to do so.

Chief finance officer Steve McNaught will be acting CEO at Aegis until the merger takes place.


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