McKinney buys back agency from Havas - McKinney

McKinney buys back agency from Havas

June 26, 2008

“We’ve enjoyed a very cordial and autonomous working relationship with Havas and are proud of the contributions we have delivered to them,” said Brad W. Brinegar, McKinney chairman and CEO. “But we have long wished to be able to compete as an independent agency, and we were thrilled when this opportunity presented itself.”

“The strength of the McKinney brand and its strong performance has made it a valued part of Havas,” said Fernando Rodés Vilà, Havas CEO. “We are increasing our focus on our core global brands, Euro RSCG, Havas Media and Arnold, so this is a good time to act on the interest Brad and his team have long expressed to own the agency. This sale is beneficial for both parties. We wish Brad and his entire team continued success.”

“My hope is that with the move, McKinney’s clients will feel an even greater sense of entrepreneurial commitment to their success,” added Brinegar.

Brinegar will remain chairman and CEO of the agency he joined in 2002. Joining him as partners and in constituting the board of McKinney are Jeff Jones, president; Andrew Delbridge, chief strategy officer; Joni Madison, chief operating officer; Jonathan Cude, chief creative officer; Tim Jones, chief financial officer; Jeremy Holden, director of account planning; Doug Holroyd, director of connection planning; John Newall, group account director and director of strategic alliances; Janet Northen, director of agency communications; Jim Russell, director of digital strategy and Ellen Steinberg, group creative director.