Aegis boss Colin Day in sudden departure

Aegis’ well-regarded chief financial officer Colin Day has suddenly quit and is being replaced by group finance director Jeremy Hicks, who engineered the sale of Abbott Mead Vickers to Omnicom in 1999.

Day’s departure has coincided with a 13 per cent drop in the share price during Tuesday’s trading, wiping &£278m off the market capitalisation of Aegis.

He was the number two executive to Crispin Davis, who was chief executive of Aegis until July last year, when he resigned to take up the same post at Reed Elsevier. Davis was replaced by former News International managing director Douglas Flynn.

One industry insider says: “Day helped make Aegis into the company it is now and he was very well thought of.”

It is not known whether Day has a job to go to, but a statement issued by Aegis says he “resigned to pursue other interests”.

Hicks was the former group finance director of Abbott Mead Vickers, which he joined in 1994. Prior to that he was a director of Hambros bank.

The Aegis Group has recently been rumoured to have held merger talks with Havas Advertising and Zenith.

Latest from Marketing Week

PLEASE SIGN IN OR REGISTER. IT'S FREE, QUICK AND EASY!

Access Marketing Week’s wealth of insight, analysis and inspiration that will help you develop as a marketer and leader.

Register and receive the best content from the only title 100% dedicated to serving marketers' needs.

We’ll ask you just a few questions about what you do and where you work, so we can make Marketing Week more relevant to you.

Register now

THE BEST CONTENT

Our award winning editorial team and columnists will ask the biggest questions about the biggest issues on everything from strategy through to execution to help you navigate the fast moving modern marketing landscape.

THE BIGGEST ISSUES

From the opportunities and challenges of emerging technology to the need for greater effectiveness, from the challenge of measurement to building a marketing team fit for the future, we will be your guide.

PERSONAL AND PROFESSIONAL DEVELOPMENT

Information, inspiration and advice from the marketing world and beyond that will help you develop as a marketer and as a leader.

Dedicated to developing your skills and helping you achieve marketing excellence. Find guidance on leadership, professional development and the latest industry jobs.

Having problems?

Contact us on +44 (0)20 7292 3711 or email subscriptions@marketingweek.com

If you are looking for our Jobs site, please click here