JOSEPH GHOSSOUB DEPARTS MENACOM
Menacom chairman and CEO Joseph Ghossoub has resigned from his position with immediate effect.
It is not known why he has stepped down, but WPP’s director for the MENA region, Roy Haddad, will oversee the position until a replacement is found. In a statement, Y&R confirmed Ghossoub’s departure and added: “Also effective immediately, Roy Haddad, WPP’s director of MENA, steps in as interim chairman with full management authority and responsibility. We will name a successor in the near future.” Also departing the agency are Ghossoub’s daughter Nadine, who was Y&R’s managing director, and Shahir Ahmed, the agen- cy’s chief creative officer. It is not known if the departures are related or why they are leaving the agency.
The only additional statement was supplied by Y&R through sister agency Asda’a Burson- Marsteller, which stated simply that “it is our policy not to discuss personnel matters publicly and have nothing to add to our previous statement”.
Edmond Moutran, chairman and CEO of Memac Ogilvy & Mather Holding for the Middle East and North Africa – a sister WPP agency to Y&R – said that Ghossoub’s exit was “a loss to the industry, a loss to WPP, and I wish it hadn’t happened.”
Menacom is the parent com- pany of ad agencies Y&R, Intermarkets and Partnership, PR outfit Asda’a BursonMarsteller, media agency MEC, and direct marketing specialist Wunderman.
Ghossoub is one of the region’s most powerful admen, having founded The Holding Group (now Menacom) in 1996. During his leadership the group grew to encompass a network of 37 offices in 12 countries. In 2008 he was named the first Dubai Lynx ‘Advertising Personality of the Year’.
Menacom is one of the Middle East’s biggest communications groups, with more than 900 employees in a network that stretches across 37 offices in the MENA region.