The Media Store CEO Craig Jepsen has exited the business with general manager Stephen Leeds promoted to the top gig.

The Media Store confirmed this to B&T in a statement.

A spokesperson said: “The Media Store can confirm that general manager, Stephen Leeds, is transitioning into the role of chief executive officer and head of people & culture, Jacquie Alley, to chief operating officer at the Agency.

“Craig Jepsen has decided to take leave but will be assisting in the smooth transition to Stephen.

“Following 12 months as head of the Melbourne office, Stephen Leeds is well positioned to continue the sustained growth of the independent media agency and will shortly provide an update on the Agency’s performance and next chapter, including client wins, award-winning campaigns and wider team appointments.

“For now, effecting a seamless transition is a priority for The Media Store Board and leadership team, with a focus on clients and agency staff.”