David Blecken
Mar 11, 2016

DAN puts new financial leadership in place for APAC

ASIA-PACIFIC - Dentsu Aegis Network (DAN) has replaced its regional chief financial officer, Steven McNaught, with Tokyo-based Simon Jones.

Simon Jones joined Aegis Group in 2010
Simon Jones joined Aegis Group in 2010

Campaign Asia-Pacific understands the staff change is effective immediately.

Based in Singapore, McNaught ran DAN’s financial operations for just over three years. Prior to that, he was deputy regional CFO, and before that served as CFO of Aegis Media Pacific until 2011.

Jones has worked as group director of corporate finance for DAN for close to 2.5 years.

Campaign understands that Jones will continue to be based in Tokyo and will travel around the region as required.

It is not clear why McNaught has been replaced. A spokesperson for Dentsu Aegis Network declined to comment on the proceedings, citing the sensitive nature of staff moves.

The reshuffle follows a drive by DAN in January to streamline operations and cut “duplicate costs” that saw four executives in Southeast Asia leave the company.

In February, Luke Littlefield, DAN’s chief executive for Australia and New Zealand, was replaced by Simon Ryan from Carat.

Littlefield’s departure followed DAN’s apparent admission and subsequent denial that it negotiates annual volume bonuses, or “value banks”, with media companies.

 

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