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Former DAN APAC CEO Nick Waters exits network as executive chairman UK and Ireland

Less than a year into his new assignment as executive chairman UK and Ireland at Dentsu Aegis Network, Nick Waters has left the agency. Waters had moved to the UK in February this year following a near decade long stint as CEO of DAN in Asia-Pacific.

His exit from Singapore to the UK which was announced in December last year and the new structure put in place after his departure, kicked off a wave of senior level changes and redundancies at the network through the course of 2019.

The pattern of exits led some industry watchers to speculate that the cuts were mainly of personnel on the Aegis side of the business or people who were close to Waters, a charge that was refuted by DAN.

Waters first joined as CEO of Aegis Media Asia-Pacific moving after over a decade with Mindshare, during which he was CEO of Asia-Pacific and then CEO of Europe, Middle East and Africa. After the acquisition of Aegis by Dentsu, he became the CEO of the region for Dentsu Aegis Network.

At the time of his departure from the region, Waters had said: “After nine years leading the business in Asia-Pacific, it is time for me to do something different. To lead Dentsu Aegis Network in my home country — our second largest market globally, is a great opportunity for me.

“We have created a great business in the region, built through the hard work of an outstanding leadership team and many talented people across the business.”

He was replaced by Dentsu veteran Takaki Hibino who joined as executive chairman at DAN Asia-Pacific. About his successor, Waters said: “Hibino-san has been a great colleague, is a top man, and will continue to take the company forward.”

Speaking about his departure from the UK operations, DAN Europe, Middle East and Africa CEO Giulio Malegori said: “Together, Nick and (CEO) Euan Jarvie have successfully begun to streamline one of our largest and most complex markets and set the foundations for future growth.

“I’d like to thank Nick for his contribution and commitment to Dentsu Aegis Network over the years and wish him well for the future.

Jarvie added: “I’d like to take this opportunity to thank Nick for playing a pivotal role in the evolution of the UK&I business this year and for his partnership. Together, we’ve made great strides in reshaping and evolving the business to set ourselves up for even greater success.

“We are building momentum and ambition across our network as a result and we will be accelerating this as we move into 2020.”

Waters said: “With a strong strategy and team in place and after almost a decade with the Group, now felt like the natural time for me to move on. I’d like to thank all the talented people that I have worked with, both here in the UK and across our global business, for making the past decade a hugely regarding experience.”

DAN said that there were no immediate plans to replace Waters’ role.

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