IPG Mediabrands has announced that the chairman of its Melbourne operations, Mark Pejic, will step down from his role at the end of this month to pursue new opportunities.

Danny Bass, CEO of IPG Mediabrands, said Pejic has contributed greatly to the company’s success during his two-year stint leading its Melbourne operations.

“As he prepares to move to his next career step, we can’t thank him enough for his time with us,” Bass said.

“Pej has been a big supporter of our evolving business model and has led our transition in Melbourne very effectively. We wish him all the best for the future.”

Commenting on his departure, Pejic said: “I have enjoyed my time leading the Mediabrands Melbourne operation. I have a great deal of respect for its people and clients, and wish them the very best moving forward. I am excited to be exploring the next chapter of my career.”

Pejic joined IPG Mediabrands in January 2016 and is a former CEO of MediaCom Australia. His role as chairman of IPG Mediabrands Melbourne will not be replaced.