Eric Salama set to quit Kantar after 17 years
Eric Salama, a long-serving Chief Executive Officer of Kantar, has disclosed his intention to resign after seventeen years.
This followed WPP’s consolidation of all Kantar services and the selling of its majority stake in the business to Bain Capital, which was completed earlier this month.
“It has been an intense and rewarding 18 months preparing Kantar for sale and successfully closing a deal with our new partner Bain Capital. I am confident that Kantar has never been better positioned for growth than it is now,” The Drum quoted Salama to have said.
“After 17 years as, chief executive now is the right time for me to pause, reflect on my personal priorities and explore other experiences. I am delighted that, after helping with the transition to a new chief executive, I will continue to be involved in the business I love.”
Mark Read, WPP CEO, acknowledged Salama’s contribution to the company.
He said, “over the past 17 years, he (Salama) has built Kantar from its infancy into the world’s leading data, insights and consulting company and then worked tirelessly to transition the company to the next phase of its development.”
The Drum reports that Salama will remain in place until a successor is found to replace him, after which he will join the Kantar board as a non-executive director on a part-time basis to continue to advise clients and mentor key employees.
The Drum recalled that Salama was stabbed outside a London café in January. He was said to have been attacked with an eight-inch knife that punctured his lung during an attempted robbery in the capital, an ordeal he told the Financial Times “really makes you reflect on what you want to do over the next few years”.
Source: The Drum
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