In his new role Yung reports to Michelle Lau, Aegis’ chief commercial officer, who is also based in Shanghai, and Vizeum’s JV board (Aegis Media's partner in the joint venture is Charm Group). He will also take responsibility for overall P&L management at the China branch and focus on its new business development.
Yung (pictured) told Campaign Asia-Pacific, “I have just joined this week and will be doing orientation but Vizeum will announce some major changes to our proposition in April.”
Working with many blue chip clients such as LVMH, L’Oreal, Lexus, Toyota, Carlsberg and China Mobile, Yung brings 23 years of media industry experience in China and Hong Kong to the new CEO role. He was vice president of ZenithOptimedia China, where he ran operations and led the agency’s key client. Before that, he was managing director of Optimedia China after setting up the agency from scratch. His total career with ZenithOptimedia spanned 15 years.
“Terrence is one of the longest serving media specialists in China, and his strong background, combined with his great perspective on the media industry in China will add great value to Vizeum,” said Kristian Barnes, who recently replaced Seth Grossman as CEO of Vizeum Asia Pacific.
“Terrence owns incomparable industry experience and excellent management skills," added He Dang, CEO of Charm Group. "Joining us will help Vizeum strengthen its unique advantage in combining both international and local resources to further develop in China.”
Campaign Asia-Pacific has also learned that Amei Zheng, MD of Vizeum China, has resigned after working for the agency for over four years for family reasons and is likely to depart by mid-March.