Kantar CEO Eric Salama steps down after 17-year stint
Salama will join the Kantar Board as a non-executive director
Eric Salama, CEO of data, insights and consulting company Kantar, is exiting after a 17-year stint with the firm. Salama's departure comes as WPP consolidates all Kantar services and is reportedly selling its majority stake in the company to Bain Capital.
Salama will join the Kantar Board as a non-executive director and, on a part-time basis, continue to advise clients, work with Kantar management and help with the development of key employees.
Speaking on the development, Kantar CEO Eric Salama said, “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. As professionally rewarding as 2019 has been, a lot has happened on the personal front. After 17 years as CEO 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 CEO, I will continue to be involved in the business I love".
Adding to this, Mark Read, CEO of WPP, said “Eric’s contribution to WPP and to Kantar has been immense since the company he was part of was acquired by WPP in 1988. Over the past 17 years, he 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. We understand his decision and are delighted that he will continue to help and advise the company in his new role.”
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