Global headcount falls by 5,000, as network writes down Y&R acquisition.
Bosilkovski is leaving to “pursue his own business interests”.
The further merger of WPP agencies represents an expansion of VMLY&R's network in New Zealand.
Former Y&R leaders Chris Foster and Andrea Conyard will not be part of the newly merged agency.
Few things better illustrate the march of change in the ad industry than the story of how a collective founded in Missouri 26 years ago rose to claim first-among-equal billing in a merger-verging-on-takeover with the venerable Y&R.
VML global chief executive Jon Cook has been handed the same role at the new agency being created by WPP through the merger of Y&R and VML.
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