Allan appointed CEO of MediaCom Worldwide

London - Former GroupM UK CEO Stephen Allan has been named chairman and CEO of MediaCom Worldwide succeeding Alexander Schmidt-Vogel, who has taken on the newly established role of CEO global trading for GroupM Worldwide.

Allan joined The Media Business at the age of 18, and as its Managing Director, helped grow TMB to become one of the UK’s largest independent media agencies before it was merged with MediaCom in 1999. He  became CEO of GroupM UK following MediaCom's purchase by WPP in 2005.

"When MediaCom acquired TMB in the UK back in 1999, the TMB management was one of the best reasons for the acquisition. I considered this one of the best management teams in the world, and knew that this management would strongly lead our UK organization in the future. My dream, even back then, was that Stephen Allan would one day take over the leadership of MediaCom Worldwide," Schmidt-Vogel said in a statement.

Allan will be based in London and added that he was "relishing the opportunity to further unlock the potential" of MediaCom's business. "There are so many talented people inside our network and I really do believe, that for MediaCom, the 'best is yet to come'," he says.