M&C Saatchi pulling out of New Zealand: local management to take ownership

  • Advertising
  • April 28, 2014
  • Damien Venuto
M&C Saatchi pulling out of New Zealand: local management to take ownership

M&C Saatchi has confirmed that it is in the process of transferring ownership of the New Zealand arm of the company to local management. 

The official handover period has been scheduled for July, when details of the new ownership deal will become officially binding on both parties. 

According to company's current status on the Companies Office, joint chief executives Tony Burt and Dave King each hold 120 shares in the company (6.7 percent), while M&C Saatchi International Holdings, the agency's head office located in London, holds the remaining 1560 shares (86.7 percent).

At this stage, it's still unclear how the changes will affect the agency's business structure, the extent of its independence or name, but a spokesperson from the M&C Saatchi head office says further details will be released when the handover is made official in July.

The M&C Saatchi head office has attributed the decision to make this change to the New Zealand arm's weak performance in recent years. 

"The business in New Zealand has been struggling to achieve its targets, hence why we have taken this action," says the spokesperson.

Burt and King were contacted to respond in regard to this assessment, but they have thus far not been willing to comment on any of the changes that are taking place. 

M&C Saatchi will retain control of the business until all details are finalised, but it is thought that the changes will not affect the day-to-day functioning of the agency in the sense that all clients will be moved across to the local agency.  

This is a community discussion forum. Comment is free but please respect our rules:

  1. Don’t be abusive or use sweary type words
  2. Don’t break the law: libel, slander and defamatory comments are forbidden
  3. Don’t resort to name-calling, mean-spiritedness, or slagging off
  4. Don’t pretend to be someone else.

If we find you doing these things, your comments will be edited without recourse and you may be asked to go away and reconsider your actions.
We respect the right to free speech and anonymous comments. Don’t abuse the privilege.

MKTG announces Kimberly Kastelan as general manager

  • Advertising
  • February 15, 2019
  • StopPress Team
MKTG announces Kimberly Kastelan as general manager
Fleur Skinner, Kimberly Kastelan

Kimberly Kastelan is the new general manager MKTG in New Zealand, a promotion from her previous role as the agency's group account director. The appointment follows Fleur Skinner’s resignation.

Read more
Next page
Results for

StopPress provides essential industry news and intelligence, updated daily. And the digital newsletter delivers the latest news to your inbox twice a week — for free!

©2009–2019 ICG Media. All rights reserved.
Use of this site constitutes acceptance of our Privacy policy.


Contact Vernene Medcalf at +64 21 628 200 to advertise in StopPress.

View Media Kit