Y&R CEO Phil McDonald has will depart the business after more than 10 years.
McDonald has been in the CEO position for just over two years, promoted to the role after Jason Buckley departed in early 2016.
He is expected to resurface outside ad agencies, but still in the marketing realm.
His departure aligns with a broader WPP creative restructure, which has seen the resignation of WhiteGrey CEOs Paul Worboys and Mile Joyce, redundancies at JWT and an overhaul of Ogilvy's creative team.
WPP AUNZ CEO Mike Connaghan said: “Phil leaves the agency in good shape, and we thank him for his commitment and hard work since taking on the CEO role two years ago. He took the reins at a tough time for the business, but has played an important part in growing both its capabilities and solid client offering. We wish him well in his future endeavors.”
McDonald adds: "I have thoroughly enjoyed working with the wonderful people and clients of Y&R ANZ. In my time as Regional CEO, we have reinvented our business across five cities, won awards all over the world, attracted some great new clients and some of the best talent in the industry. The agency is well set up and after 11 years at Y&R, it is the right time for me to move on to a completely new opportunity, which I will announce in the coming weeks."
WPP is set to announce a new Y&R CEO shortly.
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