Fernando Rodés has resigned as CEO of Havas, the holding company said March 8 in its quarterly earnings report. David Jones, CEO of its Euro RSCG Worldwide PR firm, will replace Rodés.
“[Rodés] expressed his desire to give a new direction to his personal and family entrepreneurial activities,” the company said in the earnings report. “He will remain associated with the development of [Havas] in the Iberian area and Latin America.”
Rodés will serve as Havas’ vice chairman after having worked as CEO since 2006. The holding company credited him in the earnings statement with helping it return “to a healthy financial structure and renewed stability.”
Jones has served as CEO of Euro RSCG for the past four years. He will continue in that role in addition to serving as CEO of Havas. Previously, he was CEO of Euro RSCG’s New York office and chief executive of Euro RSCG Australia.
The holding company also named Alfonso Rodés deputy CEO. He will remain CEO of Havas subsidiary unit Havas Media. Yannick Bolloré and Stéphane Fouks were named VPs of the holding company.
Havas reported fiscal year 2010 organic revenue growth of 3.5% to $2.2 billion, compared with the previous year. Income from operations increased 13% to $281 million for the full year, while net income grew 20% to $153 million.
