His new position will be effective as of September 2016. Oxford announced the move today through a statement on its Web site.
Young has been with Ogilvy & Mather 32 years, starting in the London office. His career path included chairman of Ogilvy & Mather Asia Pacific from 1995 until 2009, when he was named global CEO. Young was named chairman in July 2012.
Until his departure, Ogilvy said, Young continues in his current role; at Oxford, he will continue to work closely with both Ogilvy and its parent company, WPP, on a non-executive basis.
Ogilvy declined to comment on plans for a successor.
"This was a difficult decision, but the attraction of moving to a senior academic position in the UK was very great," Young said in a statement. "Ogilvy & Mather and WPP have been part of my life for 32 years, and the intention is not to part company, but to be available to advise and consult, which I look forward to doing. My succession will be announced in due course. In the meantime it is business as usual."
This article was first published on campaignlive.co.uk