Penny Reid, who had joined the Cannes Lions International Advertising Festival in January 2006 as CEO, has decided to resign from the post citing personal reasons. A new CEO, who will continue to report to Terry Savage, Executive Chairman of Cannes Lions, is expected to be recruited shortly.
The 53rd International Advertising Festival was held on June 18-24, 2006 at Cannes, France. The Cannes Lions International Advertising Festival is the largest gathering of worldwide marketing and advertising professionals. Each year, over 10,000 visitors from the advertising and allied industries attend this event to celebrate the best of creativity in all major media, discuss industry issues and network with one another.
Close to 25,000 ads from all over the world were showcased at the Cannes Lions 2006 and a unique programme of high-profile seminars and workshops, organised by some of the biggest names in the industry, were also presented. Winning companies receive the highly coveted Lion awards, honouring the most creative TV/cinema, print, outdoor, online, radio, integrated advertising, as well as the best media and direct marketing solutions.