Japan's advertising giant has named a successor to Tadashi Ishii after a year plagued by scandal.
As 2016 draws to a close, Dentsu’s overwork scandal has come to a head, with president and CEO Tadashi Ishii announcing that he will step down in January. Here's a concise account of the events that led to this point.
GLOBAL - The boards of Dentsu and Aegis Group have announced an agreement on terms of a cash offer whereby Dentsu will acquire all Aegis stock for approximately £3.164 billion (US$4.9 billion), creating "a new global communications network for the digital age".
GLOBAL - Dentsu announced today that it is terminating its decade-old alliance with Publicis Groupe, which bought back shares valued at approximately $845 million (€644.4 million) in a transaction today. The companies gave no immediate reason for the split and promised to continue two joint ventures and their "close commercial relationship".
TOKYO – Dentsu has named Tadashi Ishii as its new representative director, replacing Tatsuyoshi Takashima.
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