Wednesday, 03/08/11

MediaCom Announces Plans for Growth in Latin America

After tripling its business in five years, MediaCom confirms management changes in the world's fastest growing region.

MediaCom Latin America

Sir Martin Sorrell has said that we are living in "the decade of Latin America". After tripling its business in the region over the last five years, MediaCom Worldwide has responded to this growth by appointing a new level of management in the area.

In recognition of MediaCom's strong management team at a local level, there will now be additional remits for several of the most experienced CEOs in the region, most notably Chile, Argentina, Mexico and Miami. Annetta Cembrano (Chile) has been appointed as MediaCom's COO for the Region, whilst the country CEOs in Argentina, Miami and Mexico each take on a wider remit.

David Byles, CEO of LatAm GroupM, will also be handing over many of his Mindshare responsibilities to Jorge Guglielmone (Mindshare CEO LatAm) in order to oversee this important phase of development for GroupM and MediaCom.

David says "Both myself and Stephen Allan can see the importance of this region for MediaCom, whose business has tripled over the past five years. The current senior management team of MediaCom are incredibly talented and have led to MediaCom in RECMA monitored LatAm growing by over 18% over the past year alone. This improved structure is in recognition of their knowledge and unparalleled understanding of the region."

Stephen Allan, Chairman and CEO MediaCom Worldwide adds "We are delighted to have such a strong team leading our drive in the LatAm region, sadly this also coincides with the resignation of Mariano Roman who has led the Mexico office and acted as Regional CEO over the past few years. During his time at MediaCom he has been responsible for building this exceptionally talented management team that will now lead the region into its next phase of growth, and for this we are all extremely grateful."

Click here for an overview of the MediaCom offices in Latin America.