WPP-owned media investment group GroupM has announced the appointment of Nick Theakstone to the new role of global chief investment officer.
Theakstone (pictured above) will be based in London and New York, and will report to GroupM’s global CEO, Kelly Clark.
He will be responsible for overseeing all aspects of GroupM’s global media investments, trading activities and commercial partnerships.
Theakstone was most recently GroupM’s UK chief executive, a position he held for 10 years. Johan Boserup continues as GroupM’s global head of trading, reporting to Theakstone.
Succeeding Theakstone as GroupM’s UK CEO is Tom George, who was most recently MEC’s chairman for the UK and northern Europe, and global head of business development. Prior to that, he was MEC’s UK chief executive from 2005 to 2011.
George will now oversee all GroupM’s businesses in the UK, and will report to GroupM’s CEO for the EMEA region, Dominic Grainger.
Commenting on the appointments, Clark said: “I’m delighted that Nick and Tom will take on these important roles for GroupM.
“They are exceptional leaders focused on creating advantage for clients and motivating opportunities for our people.
“Nick and Johan, and their talented team, will take our expanded investment operations to new heights, and I know Tom and our agencies will continue to build our successful UK business.”