Dentsu Aegis Network announces the departure of CEO Jerry Buhlmann Tim Andree will accumulate roles of Chairman and CEO

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LONDON - Dentsu Aegis Network - DAN announces today that Jerry Buhlmann is leaving the position of CEO after nine years, first with Aegis Group plc, and then for the last six years with Dentsu Aegis Network. Tim Andree, Executive Chairman Dentsu Aegis Network, Board member and executive vice president of Dentsu Inc., will accumulate the position of CEO DAN to his current functions.

Jerry joined Aegis Group plc in 1999, became CEO in 2010, and CEO Dentsu Aegis Network in March 2013, following the acquisition of Aegis Group plc by Dentsu Inc.

Jerry will resign as CEO on December 31, 2018, and then serve as an advisor to Dentsu Inc. in 2019.

Jerry Buhlmann, CEO of Dentsu Aegis Network, said: "After nine years as CEO Dentsu Aegis Network and before Aegis Group plc, I am very proud of what the company has achieved. The highlight for me was working with a group of very talented people and the impact we were able to make through strong teamwork, the support of Dentsu Inc. and a dynamic culture.

"It is important to note that today the quality of the leadership team is exceptional, the business is experiencing great momentum, and will continue to thrive and grow strongly as the market undergoes disruptive change. With Yamamoto-san leading the Group and Tim Andree leading the Dentsu Aegis Network, there is no question of an even brighter future for the company's development." Toshihiro Yamamoto, President and CEO of Dentsu Inc. said: "From the beginning, Jerry had a bold vision for the Dentsu Aegis Network. His motivation and leadership ensured the special success of the acquisition of Aegis Group plc. Dentsu Aegis Network is now a highly integrated and competitive global marketing services company built for the digital economy. Since 2013, Dentsu Aegis Network has doubled its revenue from £1.8 billion to £3.6 billion and has grown organically at a rate twice that of its competitors.  Board Dentsu thanks Jerry for this great contribution and leadership." "I am delighted to nominate Tim as Jerry's successor. Since joining Dentsu Inc. in 2006, Tim has led the globalisation of the Group. As a member of Board Dentsu Inc. and also Chairman Dentsu Aegis Network, Tim has a deep understanding of the purpose, culture, and values of the industry and the company. Tim Andree, Executive Chairman Dentsu Aegis Network and Executive Vice President of Dentsu Inc., said: "The remarkable growth and momentum of the Dentsu Aegis Network is credit to Jerry and the talented team he has built. I have always worked side by side with Jerry and his team, so the management of Dentsu Aegis Network will advance with solidity and stability. We will continue to evolve as the most collaborative network, recognized for its creativity, customer focus and innovation. "Abel Reis, CEO DAN Brazil and Isobar LatAM, said: "Jerry is an extraordinary leader who has led us to the outstanding position that Dentsu Aegis Network has achieved in the market. Now with Tim Andree, it will be no different. He is very familiar with our operations and our markets, including Brazil, as well as the passion and inspiring attitude that are key ingredients of our group's culture. For us, nothing changes: our goals, our priorities and our ambition in the Brazilian market remain firm".  Dentsu Aegis Network 2013 - 2018 - Revenues doubled from £1.8 billion to £3.6 billion (AF17) - Organic revenue growth rate is 2.2 times higher than its competitors - Average annual total revenue growth rate of 15% - Strong new business performance. 2017 was a record year for new business reaching £5.2 billion. New customers last year include P&G, LVMH, JLR, ABInbev, Intel and United Airlines - 179 new acquisitions and investments, including the transformative acquisition of Merkle in 2016- More than 60% of revenues from digital activities - Contributes more than 60% of revenues from Dentsu Inc (FY18e).